rupee

THE BROAD VIEW

What can India do to stop capital flight?

Bank Indonesia said on Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock”.

Indonesia and India intervene to prop up weakening currencies

The Reserve Bank of India sold small amounts of US dollars in the onshore currency market to shore up the rupee.

Indian central bank intervenes as rupee drops to record low

Gold is India’s largest import item after crude oil.

India hikes gold and silver tariffs to 15% as it defends rupee against Iran war fallout

The Reserve Bank of India has intervened heavily in the spot and forward FX market to slow the decline in the rupee.

India explores steps to mobilise US dollar inflows as rupee slides, sources say

The Reserve Bank of India took bold steps recently to stamp out speculation, yet the gains that followed have proved short-lived.

India’s rupee drops to record low as crude surge deepens worries

The RBI clamped down on speculation against the rupee by capping currency bets by banks at US$100 million each and barring them from entering derivative contracts in the offshore market.

India forex regulator criticises banks’ rupee arbitrage trades

The Reserve Bank of India will announce its monetary policy decision on Apr 8, with most economists expecting it to hold rates.

India FX cap softens pressure on rupee even as offshore influence lingers: Axis Bank director

Every one rupee move in the local currency versus the US dollar could lead to a one-time loss of 30 billion to 40 billion rupees for banks.

India’s boldest currency move in years brings brief rupee relief

The rupee has slumped more than 2% since the Iran war broke out.

Rupee breaches 93 per US dollar to hit record low as Iran war risks deepen