rupee record low

RBI ready to spend $100 billion extra protecting rupee

India’s central financial institution is ready to promote a 6th of its foreign currencies reserves to protect the rupee in opposition to a speedy depreciation after it plumbed file lows in contemporary weeks, a senior supply acutely aware of the central financial institution’s considering instructed Reuters. The rupee has misplaced over 7% of its worth …

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Rupee might hover close to 81 in opposition to buck within the coming week

The unrest within the Indian rupee in opposition to the United States buck escalated additional because the native unit touched an rock bottom for the 5th consecutive consultation on the interbank foreign exchange marketplace. At the again of the robust dollar, cussed offloading of risker belongings via in another country buyers, and concern of worldwide …

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Indian rupee may just slide to 82 towards US buck in near-term. Key triggers

The Indian rupee endured to fall to hit a file low for a fourth instantly consultation on Thursday as america buck endured its relentless upward thrust towards different main currencies, whilst home bond yields rose. International institutional buyers endured to offload Indian equities, placing additional power at the Indian foreign money. The rupee nowadays fell …

Indian rupee may just slide to 82 towards US buck in near-term. Key triggers Read More »