India rupee drops for 7th straight year as headwinds swirl near year-end
The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed.
India's forex reserves drop by $4.11 billion
India's forex reserves has dropped by USD 4.112 billion (Rs 3,53,14 crore). Reserves now stand at $640.279 billion during the week that ended December 27, the Reserve Bank said on Friday. In the previous reporting week,
India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this,
India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.
India's Forex Reserves Hit 8-Month Low, Fall $4.11 Billion to $640.27 Billion
India’s foreign exchange (forex) reserves declined by $4.112 billion to an eight-month low of $640.279 billion during the week ended December 27, according to the latest RBI data. In the previous week,
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Indian rupee to get support at 85.5, in case of breach it may test 86.5 against US dollar: UBI
The Indian rupee opened strong on Tuesday morning as compared to the all-time low it tasted during the previous session. At ...
MC Explains| All you need to know about RBI's forex intervention tools to curb rupee fall
The Indian rupee has come under pressure in the last few weeks due to various domestic as well as international factors. These include India’s sluggish growth, outflows by foreign investors from ...
Ajit Ranade: Rupee depreciation is inevitable but exchange-rate volatility is not
The Reserve Bank of India should restrain its active forex intervention, while the government needs to frame policies aimed ...
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DBS Bank expects rupee to trade in the 85.5-86.5 range against the dollar in coming weeks
Ashhish Vaidya, Managing Director and Head of Treasury and Markets at DBS Bank India, emphasises the benefits of a weaker ...
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Rupee logs biggest one-day gain in over a month as regional peers jump
The Indian rupee logged its biggest one-day gain in more than a month on Tuesday as the dollar dipped towards a one-week low, boosting regional currencies, while ...
Rupee settles 5 paise lower at 85.73 against U.S. dollar
Rupee recovers slightly against dollar amid equity market support, while FII outflows and strong USD remain concerns.
RBI Should Allow More Rupee Volatility, Ex-Central Banker Says
A former Reserve Bank of India official said the authority should ease its tight grip on the rupee, a view that comes amid ...
India rupee onshore-NDF arbitrage widens, new all-time low in sight
The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian ...
Rupee hits record low as equity indices slide
The currency hit a low of 85.84/$1 during the day, with equity indices across the market capitalisation spectrum falling more ...
Indian markets plunge over 1.5% amid HMPV fears and weak rupee
Indian equity markets fell over 1.5% on Monday, driven by global cues, a weak rupee, and fears over the HMPV outbreak.