The Indian rupee rose to a two-week high at 86.47, buoyed by central bank intervention. Analysts suggest this may have liquidated bearish positions. Despite the rupee’s recovery, forecasts predict it ...
Snapping its three-day gaining streak, the rupee declined by 16 paise to close at 86.95 against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
China has 2,191.53 tonnes of gold and the country is constantly increasing the reserve. Although the Dragon is the second ...
The Reserve Bank of India (RBI) is set to infuse a record 2.50 trillion rupees ($28.85 billion) into the banking system ...
According to forex traders, the rupee stayed firm initially but lost grounds amid volatile domestic equity markets that also added to the trend of withdrawal by foreign institutional investors.
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on ...
This could clear the way for another rate cut by the Reserve Bank of India, which slashed rates from 6.5% to 6.25% after its ...
The Indian rupee has faced downward pressure against major currencies like the US dollar. Factors contributing to this ...
The Indian central bank's unexpected and decisive intervention in the foreign exchange markets over the past two days, worth ...
The RBI's willingness to accept a larger scale of currency depreciation aligns with its looser policy approach and increased ...
Indian Rupee depreciated 3.60% since September 2024, which was lower compared to the Japanese Yen (-6.49%), Canadian Dollar ( ...
Business & Economy, US President Donald Trump's universal tariffs on all steel and aluminium imports coming to the country ...