Tag: Exchange Rate
Depreciation of rupees helps exports more than an appreciating currency helping in imports: RBI study
A cost-benefit analysis of exchange rate movements shows that the benefits of depreciation of the Rupee, adjusted for inflation, is more in the form of…
Tea, rice exports to Iran may take a hit on rial devaluation
Kolkata: Exports of premium quality Indian orthodox tea and basmati rice to Iran, a major market for both commodities, may take a hit as the…
CEA Nageswaran asks India Inc not to seek protective cover of weak currency
New Delhi: Chief Economic Advisor V Anantha Nageswaran on Thursday advised India Inc not to seek protective cover of weak currency as it is not…
Rate cut to be based on long-term inflation trajectory: RBI Governor
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory…
Singapore’s holidaymakers toast strongest dollar in a decade
It’s been more than a decade since Singapore’s dollar was last this strong against its US counterpart, and the effects are being felt by everyone…
rupee: Digitalisation will help rupee become global: RBI report
Digitalisation will hasten internationalisation of the rupee, which will result in lowering transaction costs for cross-border trade and investment operations and lower exchange rate risk,…
Indian Handicraft Exports: Handicraft exports likely to fall 6-8 pc in FY24: Report
Indian handicraft exports may witness a 6-8 per cent decline this fiscal to USD 3.3 billion, mainly due to a spending slowdown in global markets,…
rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin
The Reserve Bank of India (RBI) bought $750 million on a net basis in the spot foreign exchange market in March, data released on Monday…
forex: India’s forex reserves rise $4.532 billion to $588.780 billion
India‘s foreign exchange reserves increased by $4.53 billion to $588.78 billion on a weekly basis as of April 28, 2023, according to the Reserve Bank…
FM Sitharaman: No direction on loading Rs 2,000 notes in ATMs: FM Sitharaman
No instructions have been given to banks for filling or not filling Rs 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own…