The Indian central bank was likely selling dollars via state-run banks to support the rupee on Thursday, as the currency ...

Shenoy said the central bank is not doing enough to stop the decline of the rupee, which recently logged its steepest ...

India's foreign exchange reserves fell for the fifth consecutive week to a 10-month low of $634.59 billion as of Jan. 3, data ...

Indian lenders have asked the central bank to infuse durable liquidity into the banking system in the wake of the significant ...

RBI steps in to stabilize the rupee Market participants noted intervention by the Reserve Bank of India (RBI), which sold dollars near the 85.72 level to support the rupee. This intervention ensured ...

On Monday, the rupee dropped 4 paise to 85.52 against the US dollar. The domestic unit has depreciated against the greenback by almost 3 per cent from 83.16 on December 29, 2023, to 85.65 on ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Indian rupee touched an all-time low in the afternoon trade at 85.81 against the US dollar, but recovered sharply after the intervention by the Reserve Bank of India (RBI) in the spot market ...

The rupee's decline was driven by strong dollar demand in the non-deliverable forwards (NDF) market, coupled with robust US Treasury yields. The dollar index, a measure of the US currency’s strength ...

The rupee's recent weakness is likely to persist on Friday in wake of an upbeat outlook for the U.S. dollar and an expected pickup in the demand for the greenback by importers. The 1-month non ...

MUMBAI (Reuters) - The Indian rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying ...

MUMBAI, Dec 26 (Reuters) - The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers' month-end dollar demand.