Tag: rupee
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…
RBI keeps repo rate unchanged at 5.25%, boosts rupee with new measures
The monetary policy committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to keep the repo rate unchanged at 5.25%, while announcing multiple…
Forex reserves fall $7.5 billion
MUMBAI: India’s foreign exchange reserves fell by $7.5 billion to $681.3 billion in the week ended May 22, as the RBI intervened to protect the…
India considering several measures to stop CAD from widening further, says Piyush Goyal
India is closely tracking external sector trends and evaluating a range of measures to prevent any sharp deterioration in the current account deficit (CAD), Commerce…
As rupee dips, I-T steps up vigil on shady outflows
MUMBAI: Amid the state’s moral suasion to discourage gold purchase and destination wedding, India’s tax authorities are dealing with a slew of shady overseas outflows…