The rupee lost 14 paise to close at fresh one-month low of 67. 19 against the dollar while the benchmark bond yield rose by 5 basis points on Monday
- Aug09By Tracy Alloway, Bloomberg
“I need a dollar dollar a dollar is what I need ” Aloe Blacc sang back in 2010.
Japanese banks might now be humming a similar refrain as efforts
- Jul07By Lananh Nguyen & Susanne Barton, Bloomberg
The pound’s plunge isn’t over yet according to three of the world’s top currency traders. After falling to a 31-year low on Wednesday sterling may sink another
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
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