With Modest Ambition, India Flirts With A Global Rupee
The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as...
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With Modest Ambition, India Flirts With A Global Rupee
The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as...
With Modest Ambition, India Flirts With A Global Rupee
The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as...
India’s RBI Said to Have Sold at Least $5 Billion to Boost Rupee
(Bloomberg) -- India’s central bank sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions. The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn’t immediately respond to an email requesting comment on the matter. If the trend persists, it could become RBI’s largest month of...
Short-term sugar high: rupee drop boosts Indian IT, but storm clouds gather
Currency-driven relief is tempered by growing macroeconomic uncertainty The recent depreciation of the Indian rupee against the US dollar is...
Omani Rial strengthens sharply against Indian Rupee amid tariff shock
Muscat: The Omani Rial has surged in value against the Indian Rupee, offering a golden remittance window for Indian expatriates...
Rupee slips past 87-mark against US dollar, hits lowest level in over 4 months. What’s behind the weakness?
The Indian rupee weakened past the 87 level against the US dollar on Wednesday, hitting its lowest level since mid-March,...
Rupee emerges as most-stable currency among advanced and developing economies amid tariff uncertainty, says Motilal Oswal
On Monday, July 28, the Indian currency declined by xx% to Rs XX against the USD. Talking about this, Amit...
India buys more Russian oil—but its rupee-rouble plan isn’t working
Most transactions for crude oil supplies are executed via West Asia-based traders rather than through a direct bilateral payment system...
RBI forex reserves to shield India from turmoil, MPC member says
India’s foreign exchange reserves provide a crucial cushion against geopolitical turmoil, inflation, and currency pressure, says RBI member. | Photo Credit: iStockphoto India’s $700 billion in foreign exchange reserves gives the economy a crucial cushion against rising geopolitical turmoil, a member of India’s rate-setting panel said, as hostilities in the Middle East continue to deepen. Ram Singh, an external member of the monetary policy committee with the Reserve Bank of India, said in an interview with the Economic Times newspaper that he expects the country’s foreign-exchange buffer to help blunt the...