Tag: rupee
Posted in Business
Rupee opens 0.4% stronger against US Dollar as RBI seen propping up currency| Business News
The Indian Rupee strengthened 0.4% against the US Dollar on Monday as the Reserve Bank of India intervened to prop up the local currency. The…
Posted in Economy
No anchor, rupee sinks to 89/dollar
The rupee hit its weakest level on record, depreciating past the psychologically significant 89 per dollar mark for the first time on Friday, before closing…
Posted in Economy
Exchange rate is not a policy tool to fight tariffs, RBI deputy governor says
The Indian rupee‘s exchange rate is not a policy tool to fight trade tariffs, a senior Indian central bank official said on Wednesday. The exchange…
Posted in Business
A stable rupee vs dollar fuels speculation of RBI returning to old playbook| Business News
The Indian Rupee (INR) has barely budged against the US Dollar (USD) over the past three weeks, prompting some traders to speculate that the Reserve…
Posted in Economy
Rupee pushed to the front in cross border transactions
The central bank Wednesday proposed measures to push the use of the rupee in trades beyond home and make the currency more widely used in…