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forex, Reserve Bank of India and rupee
India's forex reserves slump to 10-month low amid sliding rupee
India's foreign exchange reserves extended their losing streak for a sixth straight week and stood at a 10-month low of $625.87 billion as of Jan. 10, data from the Reserve Bank of India showed on Friday.
India's forex reserves hit 10-month low, rupee faces persistent headwinds
India's foreign exchange reserves have been on a declining trend for six consecutive weeks, standing at a 10-month low of $625.87 billion as of Jan. 10, according to data from the Reserve Bank of India (NS:BOI) (RBI).
India's forex reserves drop by USD 8.714 bln to USD 625.871 bln
India's forex reserves dropped by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the RBI said on Friday. Earlier, the overall kitty dropped by USD 5.693 billion to USD 634.585 billion in the week ended January 3,
1d
on MSN
India's RBI sells dollars to support rupee before market open, traders say
The Reserve Bank of India likely sold U.S. dollars before the local spot market opened on Friday to support the rupee, ...
devdiscourse
22h
Depreciating Rupee: An Export Paradox
The Global Trade Research Initiative warns that the weakening Indian Rupee is increasing import costs, particularly in ...
1d
Weaker rupee to push India’s import bill: Global Trade Research Initiative
GTRI says depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped ...
2d
on MSN
Dollar-rupee forward premiums dip after India central bank's liquidity infusion
Dollar-rupee forward premiums declined on Thursday after India's central bank said it would infuse rupees into the banking ...
20h
India to Invest $1.3 Billion to Revive Ailing Steelmaker
India has approved an investment of 114.4 billion rupees ($1.3 billion) to revive state-owned steelmaker Rashtriya Ispat ...
1d
Reserve Bank of India rolls out steps to boost Rupee power overseas
The RBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee ...
2d
Indian central bank likely selling dollars to support rupee, traders say
The Indian central bank was likely selling dollars via state-run banks to support the rupee on Thursday, as the currency ...
1d
Short Rupee as India Slowdown Here to Stay, UBS’s Narain Says
UBS Group AG is asking investors to short India’s rupee and go underweight on the country’s stocks.
1d
Weaker rupee to push India's import bill, says Global Trade Research Initiative
Weaker rupee raises import bill, impacts sectors differently, challenges conventional wisdom on currency's impact on exports.
1d
on MSN
Seagull to albatross: Indian importers' option strategy hit by rupee's plunge
For nearly two years, Indian importers flocked to a commonly used option strategy to hedge their forex risks amid the rupee's ...
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