Back-to-back heavy central bank interventions lift Indian rupee past 87/USD
The Indian rupee rose sharply on Tuesday, aided by the central bank's heavy-handed intervention, which also triggered stop losses for speculators betting against the currency. The Reserve Bank of India had also intervened heavily on Monday to support the rupee,
RBI intervention in forex rises as Indian Rupee turns volatile
Data suggests that the forex reserves of the RBI has declined sharply by over $75 billion since September 27. This was the period when the Indian rupee depreciated from 83.70 against the US Dollar on September 27,
India Central Bank Intervenes to Curb Speculative Rupee Bets
The Reserve Bank of India intervened in the foreign exchange market this week to curb speculation in the rupee, according to a person familiar with the central bank’s thinking, surprising traders who expected a more hands-off approach on the currency from the new governor.
Rupee rallies most in nearly 2 years on heavy central bank intervention
The Indian rupee rallied on Tuesday on the back of strong intervention by the Reserve Bank of India, which traders said could deter heavy speculative positioning against the currency in the near term.
Reserve Bank of India steps in to curb rupee speculation
The Reserve Bank of India (NSE:BOI) (RBI) took action in the foreign exchange market this week to limit speculation in the rupee, an unexpected move that caught traders off guard who anticipated a more laissez-faire stance from the new governor,
Indian rupee outperforms Asian peers at close on RBI's likely intervention
The local currency gained almost 1 percent and closed at 86.8300 against the US dollar on February 11, as compared to 87.48 ...
WEEKAHEAD Tariff risks to weigh on Indian rupee, bonds to track US inflation data
The rupee is expected to stay under pressure this week as the looming risk of trade tariffs support the dollar with remarks ...
Rupee extends intervention-spurred gains, hits near two-week high
The Indian rupee hit a near two-week high on Wednesday following a significant intervention by the Reserve Bank of India, ...
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When will Indian rupee stabilize? Chief Economic Advisor weighs in
India's Chief Economic Advisor (CEA), Dr. V Anantha Nageswaran, has predicted that the depreciation of the Indian rupee could ...
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Indian rupee falls to record low after Trump’s tariff threats
The Indian rupee hit a record low on Monday, reaching 87.95 per dollar at the opening of the day, weighed down by the latest ...
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Indian rupee slips to all-time low of 87.95 as global trade tensions escalate
Indian rupee plunges to a record low of 87.95 against the US dollar, impacted by global factors and domestic market ...
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Indian rupee hits historic low, nears 88-per-dollar amid tariff concerns
The Indian rupee hit a historic low against the US dollar, opening at 87.92 today. This major depreciation of 49 paise from ...
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Convert Indian Rupee To Special Drawing Rights
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Tariff risks to weigh on Indian rupee, bonds to track US inflation data
The rupee is expected to stay under pressure this week as the looming risk of trade tariffs support the dollar with remarks ...
RBI props up rupee to its biggest gain since Nov ’22
The Indian rupee strengthened by 64 paisa to 83.83 against the US dollar, marking its largest single-day gain since November ...