Tag: rupee vs dollar
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…
India’s richer middle class is living a more dollar-linked life while earning in rupees
From overseas holidays and foreign degrees to AI subscriptions and premium gadgets, India’s growing middle class is increasingly spending on products and services linked to…
India may have brokered a rupee truce, but hasn’t won peace yet
India has announced a raft of measures to revive global confidence in the sagging rupee. The best thing about the package announced Friday is what’s…
That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
The rupee has been undergoing intense pressure due to a prolonged geopolitical stalemate in the Middle East that has driven up global crude oil prices….
Citi sees India tightening currency controls to halt Rupee slump
India may take a number of steps in coming months to bolster foreign reserves and the rupee, including possibly restricting outflows from businesses, according to…
Rupee caught in tug-of-war between RBI-led unwinding, Trump’s Iran war deadline| Business News
The Indian Rupee is likely trade in a narrow range near 93 per dollar, supported by the central bank-spurred unwinding of arbitrage positions, while lingering…
Rupee breaches 95/dollar, bond yield tops 7% for first time since July 2024| Business News
The rupee fell to an all-time low and the bond yield crossed 7% for the first time since July 2024, as Reserve Bank of India’s…
RBI’s defence of rupee vs dollar is weighing on India’s forex reserves| Business News
The Reserve Bank of India’s recent defence of the rupee vs dollar is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts…
Rupee slumps to record low even as Goldman Sachs warns of 95/dollar levels| Business News
Goldman Sachs Group Inc. has warned that the Indian Rupee (INR) could tumble to 95 against the US Dollar (USD), even as the local currency…
Iran war drags down everything, everywhere all at once for India Inc.—from Sensex to Nifty 50 and Rupee| Business News
India’s stock market suffered a across-the-board selloff Friday as an intensifying Iran war in West Asia pushed crude oil prices above $100 a barrel, threatening…