Indian currency

(This story originally appeared in on Jul 27, 2022)The worst of rupee's decline may be over as the US Federal Reserve may dial down the pace of monetary tightening in the second half of 2022, a report by Research said. The Indian…

Mumbai: The recent announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts. Earlier this month, RBI…

"Rupee depreciation inline with all emerging market currencies. Indian rupee has its eyes set on the 81 to the dollar mark in the near term," says Sugandha Sachdeva, Vice President - Commodity and Currency Research, at Religare Broking…

The Reserve Bank of India's moves to liberalise foreign exchange inflows are unlikely to offer much immediate support to the floundering rupee as inflation pushes higher and the current account deficit threatens to balloon towards…

India's trade deficit swelled to a record $25.63 billion in June driven by imports of petroleum, coal and gold, and slow exports, raising concerns about a further slide in the rupee and a bigger current account deficit (CAD). Official…

MUMBAI: Unabated foreign fund selling in the domestic market and the strength of the dollar against some major currencies took a heavy toll on the rupee on Wednesday. The Indian currencyweakened to a record intraday low of 78.39 to the…

NEW DELHI: India faces nearterm challenges which need to be managed carefully without sacrificing hard-earned macro-economic stability, the finance ministry said in its monthly economic report. It asserted that the country faces a low…