Tag: indian rupee
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Banks scramble to meet RBI’s forex deadline, expect curbs to last months
Banks rushed to cut forex exposures to meet RBI’s NOP cap, hitting profits and disrupting strategies. While the move has stabilized the rupee, lenders...
Travel, cross-border fintechs face twin blows from West Asia war
The West Asia war and a depreciating rupee have made travellers cautious about forex use and have disrupted business payment flows, cross-border settlements and...
Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400
Indian stock markets closed higher in the green on Monday after sharp ups and downs during the session, with Sensex settling more than 900...
Rupee hits record low, RBI intervention averts fall past 92
The Indian rupee hit a record low against the dollar on Thursday, pressured by dollar demand linked to the maturity of non-deliverable forward positions...
Rupee ends in the green on likely central bank support
The Indian rupee strengthened marginally to 87.53 a dollar Friday on likely intervention from the Reserve Bank of India (RBI), capping off a rough...
