Tag: currency market
Forex reserves decline by $12 billion as volatility hits asset valuations
MUMBAI: India’s foreign exchange reserves fell sharply in the week ended March 6, reflecting increased currency market volatility and valuation changes amid global geopolitical tensions….
RBI steps in with a rescue as rupee weakens to record low of 92/dollar| Business News
The Reserve Bank of India is likely to have sold dollars before the local spot market opened on Thursday to support the rupee, three traders…
RBI seen resorting to heavy intervention again to support rupee against dollar| Business News
The Reserve Bank of India (RBI) has once again resorted to heavy intervention to strengthen the rupee past the 90/dollar mark after a dip at…
RBI does not target any band for rupee, allows it to find its own level: Guv Malhotra
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and…
Rupee depreciation against major world currencies good for economy: Rajiv Kumar
The rupee depreciation against major world currencies is good for the economy as it encourages labour-intensive exports from India, increases foreign exchange earnings and generates…