Tag: rupee decline
RBI tightens rules for forex bets to shield bruised rupee
Mumbai: The Reserve Bank of India (RBI) on Saturday tightened foreign exchange derivative norms, lowering transaction limits and imposing stricter documentation requirements as it sought…
India’s FX reserves fall for fourth week, down $50 billion from September peak
Mumbai: India’s foreign exchange reserves fell for a fourth consecutive week to $734.6 billion, according to a footnote to Reserve Bank of India Governor Sanjay…
Forex reserves fall by $7.79 billion to $690.69 billion: RBI data
India’s foreign exchange reserves fell by USD 7.794 billion to USD 690.693 billion in the week ended May 1, the Reserve Bank of India said…
India explores steps to mobilise dollar inflows as rupee slides, sources say
MUMBAI: India’s central bank is studying ways to mobilise dollar inflows to bolster its foreign exchange buffers and cushion rising pressure on the rupee from…
Indian sugar mills rush export deals on record-low rupee, rising global prices
Indian sugar mills have returned to the export market, locking in 100,000 metric tons of shipments in a week after a slump in the rupee…