Tag: dollar demand
Posted in Economy
India’s richer middle class is living a more dollar-linked life while earning in rupees
From overseas holidays and foreign degrees to AI subscriptions and premium gadgets, India’s growing middle class is increasingly spending on products and services linked to…
Posted in Economy
Forex reserves rise to $703 billion; rupee slips 14 paise
Mumbai: India’s foreign exchange reserves rose by $2.3 billion to $703 billion in the week ended April 17, mainly due to an increase in foreign…
Posted in Economy
RBI’s oil forex window set to fuel rupee recovery
Mumbai: The Reserve Bank of India has opened an exclusive foreign exchange window for supplying dollars to state-run refiners, easing pressure on the spot exchange…