Indian banks seek hedging cost subsidy from RBI to raise dollar funding, sources say
By Dharamraj Dhutia MUMBAI, May 25 (Reuters) - Indian banks have sought subsidised forex hedging costs from the Reserve Bank...
archiveReserve Bank of India
Rupee’s rally may be halted by dented peace deal hopes, month-end dollar demand
By Jaspreet Kalra MUMBAI, May 26(Reuters) - The Indian rupee's three-day winning streak is likely to run into resistance on...
Rupee to extend rally on US-Iran deal hopes, RBI Governor’s remarks aid sentiment
By Jaspreet Kalra MUMBAI, May 25 (Reuters) - The Indian rupee is set to build on its two-session rally on...
The RBI and rupee’s last line of defence
There is a seductive clarity to economist and 16th Finance Commission of India chairman Arvind Panagariya’s argument. If markets want...
India’s central bank sold net $9.8 billion in March as Iran war battered rupee, bulletin shows
MUMBAI, May 22(Reuters) - The Reserve Bank of India sold $9.76 billion in the foreign exchange market in March on...
India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say
By Ira Dugal and Jaspreet KalraMUMBAI, May 22 (Reuters) - India's central bank does not see interest rate hikes as...
Rupee opens 6 paise lower at 96.26 against US dollar
The rupee opened 6 paise lower at 96.26 against the US dollar on Friday, 22 May, tracking weakness in Asian...
India rate hikes to start in June, says Standard Chartered
By Dharamraj Dhutia MUMBAI, May 21 (Reuters) - India's central bank is likely to start raising interest rates as early...
India’s central bank revives aggressive pre-market intervention to arrest rupee’s slide, bankers say
By Nimesh Vora and Jaspreet Kalra MUMBAI, May 21 (Reuters) - The Reserve Bank of India reverted to its familiar...
Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar
After hitting multiple record lows in past sessions, Rupee staged a comeback in early trading on Thursday, gaining 61 paise...
