Banks mobilized over 20.7 billion USD in foreign exchange inflows under the new central bank scheme.
Tag: Rupee
Indian Rupee Holds Steady Against the Dollar
Currency markets show resilience ahead of the Monsoon Session.
India Rupee Remains Under Pressure as RBI Monitors Exchange Rate Without Targeting Specific Band
RBI Governor Malhotra confirms exchange rate policy remains unchanged while reserves provide adequate buffer against external shocks.
India Rupee Expected to Strengthen on Iran Peace Deal as Oil Price Drop Cuts Import Bill
Indian markets anticipated a significant drop in global crude oil prices following news of the U.S.-Iran memorandum of understanding which would benefit the rupee significantly.
India West Asia Crisis Impact: Higher Oil Prices Hit Rupee Trade and Aviation Costs Hard
An analysis found that India absorbed significant economic shocks from the West Asia conflict through higher oil prices a weakened rupee reduced trade and rising aviation fuel costs.
India-Iran U.S. Peace Deal Could Lower Oil Prices Ease Inflation and Boost Rupee
Economists and analysts said the U.S.-Iran ceasefire could significantly benefit India by reducing oil import costs easing inflationary pressures and supporting the rupee’s value.
Rupee Under Pressure as Rising Fuel Costs and FPI Exodus Weaken Currency to Record Lows
India’s rupee fell to new record lows against the dollar as rising fuel imports and accelerating foreign investor exits drained forex demand.
Rupee Under Pressure From Three Fs as Finance Minister Cites Fuel Fertiliser Forex Costs
The Indian currency and economy face triple headwinds as global input costs weigh on corporate margins and household spending.
India US Trade Deal Impact Supports Rupee Stability Amid Broader EM Currency Pressure
The India-US trade agreement signed earlier in the year was cited as a stabilising factor for the Indian rupee
Crude Price Surge Puts India’s Fuel Subsidy Burden Back in Focus
Elevated crude oil prices, a weak rupee and persistent under-recoveries are forcing difficult policy choices for India’s petroleum ministry.