rupee
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the world’s fif...
How India’s rupee ended up as Asia’s worst currency this year
To stabilise the rupee, India’s central bank has sold over US$30b in FX assets since late July
Indian central bank likely intervenes to prop up rupee before local market open, traders say
[MUMBAI] The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders told Reuters, putting the currency on track to open above its all...
Indian rupee slides to record low, central bank likely intervenes near 89.50/USD
[MUMBAI] The Indian rupee weakened to a lifetime low against the greenback on Friday (Nov 21), pressured by shrinking risk appetite amid fading expectations of a Federal Reserve rate cut and uncertain...
India’s RBI is back defending rupee as October gains fizzle
The Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for Asia’s worst-performing currency this year.
Why India’s weak rupee has suddenly spiked in value
If US-India trade ties improve, pressure on the currency could ease; otherwise, the Reserve Bank of India may be forced to intervene
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month
Asian currencies gain as investors turn from dollar and rupee; baht among standout plays
Meanwhile, the Singdollar holds ground as regional safe haven while Japan, South Korea draw fresh inflows
India’s RBI said to have sold at least US$5 billion to boost rupee
If the trend persists, it could become RBI’s largest month of net dollar sales since January
Indian central bank’s surprise, outsized intervention eases bearish bias on rupee
THE Indian central bank’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as US$11 billion by one estimate, has reduced the bearish bias on t...
