The rupee seems to have got away with minor bruises on Friday in the midst of a global financial markets bloodbath triggered by Britain’s vote to quit the European Union.
Both the rupee and bonds reacted negatively to the RBI governor Raghuram Rajan’s announcement that he would not seek a second term. The rupee opened weaker at 67
- Jun16By Nupur Acharya, Bloomberg
A gauge of expected swings in rupee capped its biggest two-day jump since August amid signs that demand for local assets is waning, as anxiety about global central bank meetings
RBI on Tuesday cautioned that the rupee could face some volatility stemming from short-term dollar shortages following an expected outflow of $20 billion during the September-November period of the current fiscal year on redemption of FCNR-B raised by banks in 2013.
The rupee appreciated by 28 paise against the dollar, the first time in over two weeks, over rising optimism that the US Federal Reserve would delay raising the interest rates after a weaker than expected May employment report.
- Jun02By Kartik Goyal, Bloomberg
The rupee reversed gains and bonds declined after a vernacular newspaper reported that RBI governor Raghuram Rajan doesn't want an extension of his term, though prime minister Narendra Modi wants
- May30By Nidhi Verma & Neha Dasgupta, Reuters
The Reserve Bank of India (RBI) has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three
- Apr26By PTI
Rupee weakened by 17 paise to 66. 79 against the US dollar in early trade at the Interbank Foreign Exchange market on sustained demand for the American currency from banks
- Apr20By PTI
Rising for the second straight day the rupee on Wednesday advanced by another 33 paise to close at 66. 22 on sustained selling of US dollars by banks and
The rupee volatility related to around $30 billion of foreign currency non-resident (FCNR) bank deposits maturing in September will be tackled by healthy forex reserve position, the Reserve Bank of
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