#currency
Rupee Value Debate : Why India Currency Should Be Judged Beyond Exchange Rates
State-run banks' intermittent dollar sales cushion rupee, forward premiums fall
The rupee was down 0.1% at 95.7675 per dollar, with trading in Asia thinned out by a clutch of regional holidays
Why Not Have a Different Approach to Strengthen the Rupee ?
Weekly Rupee View: Rupee eyes stability
Rupee stabilizes at 95.69 amidst easing geopolitical tensions and lower crude prices, with key resistance at 95 and support at 96.25.
RBI $5 billion FX swap subscribed nearly twice over - The HinduBusinessLine
RBI’s $5 billion FX swap subscribed nearly twice over
RBI's FX swap auction attracted nearly $10 billion in bids, underscoring strong demand amid a weakening rupee.
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency.…
Rupee vs Dollar : रुपया थेट १०० पार जाणार ? देशावर १९९१ सारख्या मोठ्या आर्थिक संकटाचे सावट
India’s Top Officials Rally Behind Economy as Oil Crisis Bites
India’s top officials sought to allay concerns about the economy as soaring oil prices roiled financial markets and the currency and weighed on growth prospects.
Rupee near record low — How it impacts your daily expenses, investments, travel, and EMIs
If you feel that weaker rupee is just a macroeconomic factor and staying behind the picture, here's a reality check. Here's how it could impact your daily life, from investments, travel, to your EMIs.
Oil slump, RBI support manifest in rupee’s three-day winning streak
The rupee closed at 95.23 per dollar, up over 1.5% since Wednesday, when it had hit a record low of 96.96 per dollar
Rupee May Appreciate Once West Asia Situation Normalises: RBI Governor
The rupee is expected to appreciate once the situation in West Asia normalises, said Reserve Bank of India Governor Sanjay Malhotra. He said the domestic currency is currently undervalued due to the recent decline caused by the Gulf crisis
The rupee may be undervalued, Sanjay Malhotra tells Mint
A gauge of the rupee’s competitiveness against other currencies stood at 90.96 in April, showing the currency is likely undervalued against peers
How to manage the rupee while protecting growth
First, on the rupee, one of the most effective ways to stabilise the currency is to improve the flow of foreign exchange into the country. While India has made significant progress on the export side, there is still substantial work required in attracting lar…
India Rupee shows strong rebound on firm RBI support
On Friday, the Indian rupee made a notable leap, finishing the day above the 96 per dollar threshold. The surge was largely attributed to robust actions from the Reserve Bank of India, following a dip towards 97 mid-week. Traders noted a wave of dollar offeri…
RBI helping hand muscles breathing room for rupee, cools forward premiums
The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite ris…
RBI's rupee defence persists after at least $2 bln intervention on Thursday, bankers say
RBI's $2 billion intervention strengthens the rupee, combating recent depreciation amid rising crude oil prices and market pressures.
Rupee plunge sees India turn to 2013 taper tantrum playbook
India's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The Reserve Bank of India is looking at past strategies to prevent further depreciation. These include interest rate hikes a…
RBI intervened to shore up rupee, traders say
The rupee jumped following the intervention, rising to a peak of 95.99 per US dollar, up from its intra-day low of 96.30 hit in early trading
Rupee plunge sees India turn to 2013 taper tantrum playbook
The urgency has grown after the rupee slumped to a record low of nearly 97 per dollar this week, driving up import costs and further eroding investors’ confidence
Rupee's RBI-spurred relief rally to fade on Asia FX weakness, hedging
The currency snapped its losing streak on Thursday, driven largely by aggressive pre-market dollar selling from the Reserve Bank of India
Rupee shock may slow India: Kearney sees 1-1.5 percentage point West Asia hit on GDP
Despite West Asia crisis’ potential hit on Even as West Asia crisis could shave 1–1.5 percentage points off India’s GDP growth over the next 6-9 months, global consulting firm Kearney dismissed fears of rupee breaching the ₹100-per-dollar mark and slide to ₹1…
RBI revives aggressive pre-market intervention to arrest rupee's slide, bankers say
The Reserve Bank of India aggressively sold dollars via state-run banks to halt the rupee's slide after it hit all-time lows. The intervention caused the rupee to surge significantly on the interbank market. This pre-open strategy, last used in March, aims to…
RBI revives aggressive pre-market intervention to arrest rupee’s slide
RBI’s pre-open intervention mirrored past episodes where it has acted aggressively to break a negative feedback loop of persistent depreciation and mounting pressure on the rupee.
Falling rupee isn't trousers, doesn't need pulling up. But is it revealing too much?
The falling rupee needs no support at the moment and foreign exchange reserves shouldn039t be burnt However the falling rupee might be pointing to a deeper investment problem Everything explained here in layman039s terms
Rupee slides to record 96.91, seventh straight session of losses
Rupee has fallen 0.6 per cent this week, following a 1.6 per cent decline last week, and is down more than 7 per cent since the start of the year
Rupee slides to new low of 96.53 vs dollar
India Business News: MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustai.
Rupee slips to lifetime low of 96.44 in intraday trade on mounting external finance pressures, rising US yields
The rupee dropped to 96.44 per US dollar, slipping past the prior lifetime low of 96.3875 hit on Monday. The currency’s losses since the Iran war broke out in late February now total 6%.
How NRIs can send money to family and businesses in India but one wrong step violates FEMA
Many NRIs don't realise they can give loans or make deposits with family members, businesses, or companies back in India. But the RBI has very specific rules depending on the currency, the recipient, and the purpose. Get it wrong and you could violate FEMA re…
RBI likely selling dollars via state-run banks to steady rupee, traders says
RBI reportedly sold dollars through state-run banks to stabilize the rupee, which neared its all-time low.