Tag: rupee decline
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…