Tag: indian rupee
Weak Indian rupee is good for export, but not as good as it seems
The RBI’s firm intervention shored up the rupee yesterday when it rebounded to close 65 paisa stronger at 90.38 a dollar reversing a five-day streak…
To worry or not? Rupee at 90 debate deepens as PM’s Economic Advisory Council member plays it down
Economic Advisory Council to the Prime Minister member Sanjeev Sanyal on Thursday said he is “not concerned about the rupee at all,” arguing that exchange…
1 USD costs over INR 90: India rupee hits record low. What led the fall today?
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of…
RBI plays onshore and offshore to help rupee have a good day
Mumbai: The Indian rupee posted its biggest one-day gain in a month on Monday, as likely central bank interventions in the offshore and onshore market…
Net FDI turns negative in August as outflows, FPI selling rise
Gross foreign direct investment (FDI) into India fell to $6.0 billion in August after surging to over a four-year high of $11.11 billion in July….
RBI unveils new measures for internationalisation of Indian Rupee
The Reserve Bank of India (RBI) on Wednesday announced fresh measures to promote wider use of the Indian Rupee in cross-border transactions, as part of…
RBI sold net $2.54 billion in spot forex market in July, shows monthly bulletin
The Reserve Bank of India (RBI) sold a net of $2.54 billion in the spot foreign exchange market in July, data released on Monday as…