Tag: rupee dollar
Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reserves
India should resist the temptation to defend the rupee at any cost, even if that means allowing the currency to weaken further, former Reserve Bank…
India’s rupee defence raises question of how far RBI will go
The Reserve Bank of India is broadening its defenses to steady the rupee, taking some of its strongest measures since the 2013 taper tantrum. That…
Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta
Mumbai: The rupee‘s depreciation over the past year and a half could prove temporary, with the currency having a fair chance of stabilising and eventually…
RBI faces $100 billion challenge after record currency defense
Over the past two years, India’s central bank built one of the world’s largest bearish dollar bets to support a persistently weak rupee. It now…
RBI plans to remain nimble to prevent persistent supply shock amid West Asia crisis
Kolkata: Reserve Bank of India governor Sanjay Malhotra said the central bank will stay agile in policymaking to ensure that the supply shocks triggered by…
View: Rupee at 100 will be a harsh check on India’s ambitions
Long before the first missiles were fired in the Middle East, the warning signs of a 2013-style capital exodus were visible in the gap between…
India scraps more South American soy oil cargoes as rupee slumps
India, the world’s largest vegetable oil buyer, canceled more soybean oil shipments from South America as the rupee’s slump to a record low widened the…
RBI seen resorting to heavy intervention again to support rupee against dollar| Business News
The Reserve Bank of India (RBI) has once again resorted to heavy intervention to strengthen the rupee past the 90/dollar mark after a dip at…
Rupee strengthens against dollar to 89.45 on FII inflows, RBI actions| Business News
The Indian Rupee continued to strengthen against the US Dollar on Monday, supported by foreign buying in the world’s fifth largest stock market. The rupee…
Rupee strengthens to under 90/dollar after nearly a week after RBI steps in| Business News
The Indian Rupee strengthened to under 90/Dollar for the first time in nearly a week, on likely interventions by the Reserve Bank of India in…