Tag: us dollar
India approves Rs 30 billion for Maldives under SAARC currency swap
New Delhi: India has approved withdrawal of Rs 30 billion for the Maldives under the SAARC Currency Swap Framework, the Indian High Commission in Male…
RBI working to provide avenues to Russian trade counterparts for INR use
Mumbai: The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade…
Forex reserves decline by $12 billion as volatility hits asset valuations
MUMBAI: India’s foreign exchange reserves fell sharply in the week ended March 6, reflecting increased currency market volatility and valuation changes amid global geopolitical tensions….
India’s forex reserves swell by $8.66 bn to hit an all-time high of $725.7 bn
India’s foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February…
Futures breach ₹3 lakh per kg on strong global cues| Business News
Silver prices in India surged sharply on Monday, breaching the ₹3 lakh per kilogram mark in futures trade for the first time, buoyed by strong…
Rupee hits new all-time low of 90.72 vs Dollar with India-US trade deal in limbo| Business News
The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal and…
Not losing sleep over falling rupee against dollar, expects improvement next year: CEA
Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over the declining rupee, which has breached the 90-level against…
1 USD costs over INR 90: India rupee hits record low. What led the fall today?
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of…
Policymakers count the costs as rupee breaches 90/dollar barrier: Here is what could be in store for India now
The rupee sank to a record low against the US dollar on December 3, briefly breaching the psychological 90 mark before settling just below it….
Rupee depreciation against major world currencies good for economy: Rajiv Kumar
The rupee depreciation against major world currencies is good for the economy as it encourages labour-intensive exports from India, increases foreign exchange earnings and generates…