Tag: cash reserve requirement
Posted in Economy
Rupee strengthens to 95.05 a dollar while forward premiums hit four-year high amid RBI measures
The rupee ended 10 paise stronger at 95.05 a dollar Thursday while forward premiums surged to over four year high in a shallow market. The…
Posted in Economy
RBI tightens rules for forex bets to shield bruised rupee
Mumbai: The Reserve Bank of India (RBI) on Saturday tightened foreign exchange derivative norms, lowering transaction limits and imposing stricter documentation requirements as it sought…
Posted in Economy
RBI steps in to support rupee as currency nears record low; tightens forex rules
The Reserve Bank of India has stepped in to support the rupee with a slew of measures as the currency continued to reel under pressure…