Rupee Hits Record Low Against UAE Dirham, Indian Expats Get Nearly Rs26 for Dh1 in Best Remittance Window
The rupee closed at 94.8450 per dollar on Wednesday, down 0.3% on the day, after drifting back toward record lows...
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India pushes digital rupee through welfare pilots as BRICS CBDC plan takes shape
India is turning to welfare payments to drive adoption of its central bank digital currency as it prepares to put...
Hurdle in Maldives’ currency swap bid with India
The Maldives’ request for an extension of an Indian currency swap facility has run into problems because of the rules...
India slips to 6th-largest economy: What IMF’s latest data shows
India is no longer among the world’s top five economies in nominal GDP terms, according to the International Monetary Fund’s...
Exclusive-India’s RBI asks state oil refiners to curb spot dollar buying, sources say
By Nidhi Verma, Jaspreet Kalra and Nimesh Vora NEW DELHI/MUMBAI, April 16 (Reuters) - India's central bank has urged state-run...
Macroscope | Bullish narrative around India’s economy at odds with struggling rupee
At first glance, the rupee is staging a recovery. India’s battered currency has gained around 1.5 per cent since March...
Analysis-Foreign investors grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
By Vivek Kumar M, Dharamraj Dhutia and Nimesh Vora MUMBAI, April 15 (Reuters) - India's foreign exchange restrictions have made...
Inside the investment strategy of the government’s new Fund of Funds
The government rolled out a Rs 10,000 crore Fund of Funds (FoF) 2.0 on Monday. The FoF 2.0 has been...
Asia Is Getting Crushed Between Oil Prices and the Dollar
Across Asia, countries already vulnerable to the sustained disruption in energy supplies from the Persian Gulf are also contending with...
Iran war spotlights India rupee’s vulnerability, banks pitch cross-currency trades
By Nimesh Vora and Jaspreet Kalra MUMBAI, March 18 (Reuters) - Dark clouds over the rupee's outlook are prompting banks...
