Tag: dollar demand
Government also worried about rupee depreciation, says Piyush Goyal
The Indian government understands investor worries over the depreciation of the rupee and the government is also worried about it, Piyush Goyal said on Tuesday….
Rupee weakens to 95.44 against dollar amid rising import bill and crude oil prices
Kolkata: The rupee weakened by another 0.35% to 95.44 a dollar amid concerns over rising import bill as the Brent crude crossed the $102 a…
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…
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…
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…