Category: Currency News

The rupee lost about 1% against the dollar last month due to a significant surge in fuel prices. A survey predicts that the rupee will weaken nearly 2% to 70.67 per dollar in six months.
May 3, 2019, midnight

The success of the Indian central bank’s currency-swap auctions is leading to exaggerated moves in the onshore forwards market.
April 24, 2019, 10:26 a.m.

The turn of fortune for India’s rupee couldn’t be more rapid. It has gone from being Asia’s best performer to the worst in two weeks.
Jan. 11, 2019, 10:39 a.m.

The central bank, in April last year, had announced it was looking at issuing its own Central Bank Digital Currency (CBDC) after it tightened the noose on cryptocurrency exchanges operating in the country, forcing several of them to shut shop.
Jan. 1, 2019, 3:58 p.m.

Representatives of atleast three Russian banks operating in India, including Vnesheconombank, Sberbank and VTB, will meet executives from top Indian banks in Mumbai on Monday to discuss rupee-rouble settlements between businesses of the two countries.
Nov. 11, 2018, 4:15 p.m.

The rupee weakened by 30 paise to hit a 13-month low of 66.10 against the US dollar. The benchmark 10-year bond yield was up 17 basis points at 7.80 per cent.
April 20, 2018, 10:17 a.m.

Dealers attributed the rupee’s persistent fall to increased demand for the US currency from importers and foreign fund outflows.
April 18, 2018, 10:47 a.m.

A week after the Reserve Bank of India put out an advisory against investment in cryptocurrencies, the Income-Tax department on Wednesday conducted nationwide surveys on several players selling bitcoins in the country.
Dec. 13, 2017, midnight

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