Tag: rupee depreciation
Rupee at 90: RBI Governor Malhotra says no targeted band, market will decide currency level
Reserve Bank of India Governor Sanjay Malhotra on Friday reiterated that the central bank does not operate with any predetermined band for the rupee and…
RBI to tolerate weaker rupee as inflows dry up, sources say
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar…
Rupee slide not a worry, says CEA V Anantha Nageswaran as FDI set to top $100 billion
New Delhi: Chief economic adviser V Anantha Nageswaran downplayed concerns over the rupee breaching the 90-per-dollar mark, saying, “I am not losing my sleep over…
Rupee depreciation against major world currencies good for economy: Rajiv Kumar
The rupee depreciation against major world currencies is good for the economy as it encourages labour-intensive exports from India, increases foreign exchange earnings and generates…
RBI chief says room for more interest rate cuts in India, timing up to panel
MUMBAI: Reserve Bank of India Governor Sanjay Malhotra said in an interview with Zee Business on Monday that there is scope to further reduce policy…
RBI does not target rupee level; depreciation driven by dollar demand, says Governor Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Thursday clarified that the central bank does not aim for any specific level of the rupee,…
Govt keeping ‘good watch’ on rupee, several currencies declined against USD: Sitharaman
Finance Minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have…
Lower GST will boost India’s economy higher, says FM Nirmala Sitharaman
The new dual-slab goods and services tax (GST) structure adopts a next-generation approach to dealing with indirect taxation and will boost the economy significantly, Union…