Tag: rupee
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…
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…
Draft note favours rupee payments for SEZ services provided domestically
New Delhi: The commerce and industry ministry has circulated a draft cabinet note to redefine services by removing the requirement for service exports from special…
Forex reserves hit record $740.8 billion, lift rupee
Kolkata: India’s foreign-exchange reserves scaled a new summit of $740.8 billion at the end of August 28, climbing for the ninth straight week, as dedicated…
Gold, code and the rupee: Inside the quiet war over how the world will pay
In November 1956, Britain learned what its money was really worth. British and French troops had seized the Suez Canal and were winning on the…
India’s forex reserves rise by $6.1 billion to $682.35 billion as of July 24
India’s foreign exchange reserves increased by $6.1 billion to $682.35 billion in the week ended July 24, according to data released by the Reserve Bank…
RBI to hold rates through 2026 as growth risks outweigh inflation: Poll of economists
Bengaluru: The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according…
Forex reserves up by $1 billion to $676 billion
Mumbai: Indias foreign exchange reserves increased $1 billion to $676 billion in the week ended July 16. Foreign currency assets increased $4.5 billion to $551…
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…
India likely to outpace RBI growth forecasts, says World Bank’s Neelkanth Mishra
New Delhi: India is likely to grow at a faster pace than projected by the Reserve Bank of India (RBI), according to Neelkanth Mishra, India’s…