Tag: rupee exchange rate
Rupee strengthens to 95.05 a dollar while forward premiums hit four-year high amid RBI measures
The rupee ended 10 paise stronger at 95.05 a dollar Thursday while forward premiums surged to over four year high in a shallow market. The…
Rupee set for sharp rally as RBI moves to curb speculative bets, but risks remain
The rupee is set to open sharply stronger on Monday after the Reserve Bank of India (RBI) moved over the weekend to curb speculative bets…
Rupee headed to 100? How much the psychological red line matters
The International Monetary Fund (IMF) has said India is strong enough to withstand the pressure on rupee. An IMF spokesperson on Friday suggested the US…
Full flow FCNR deposits could hit $100 billion, beat estimates
Mumbai: Strong momentum in foreign currency non-resident (bank), or FCNR (B), deposit inflows over the past week has prompted some analysts to raise their estimates…
Will FCNR (B) deposit scheme that’s bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India (RBI) has no plans to prematurely wind up its special Foreign Currency Non-Resident (Bank), or FCNR(B), deposit scheme that has…
$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the Reserve Bank of India (RBI) unveiled a package of measures to attract foreign currency, the numbers are beginning to look extraordinary….
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as…
RBI not in favour of rate hikes to defend rupee, prioritises inflation
MUMBAI, – India’s central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position…
Forex reserves drop by $10.29 billion to $688.06 billion as of March 27
Mumbai, India’s forex reserves dropped by USD 10.288 billion to USD 688.058 billion during the week ended March 27, the Reserve Bank of India (RBI)…
India’s forex reserves rise by $4.36 billion to $693.32 billion as of December 19
India’s forex reserves were up by $4.36 billion to $693.32 billion for the week ending December 19, according to data released by the Reserve Bank…