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11.10.26 - 17:48
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Rupee relief, higher hedging costs: What RBI′s new forex rules mean (Times of India)
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Reserve Bank of India has introduced new measures aimed at stabilizing the Indian rupee against the dollar. These changes include tighter restrictions on foreign exchange derivatives and new reserve requirements for banks. Analysts expect these measures to ease rupee depreciation and lower speculative dollar demand temporarily. However, external factors like high crude oil prices may continue influencing the currency's stability....
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11.10.26 - 06:01
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India′s Rupee Defense Raises Question of How Far RBI Will Go (Bloomberg)
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The Reserve Bank of India is broadening its defenses to steady the rupee, taking some of its strongest measures since the 2013 taper tantrum. That may give the currency a boost as trading resumes Monday, but the question remains: how far is the central bank willing to go as external pressures mount?...
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08.10.26 - 06:36
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Rupee rises 10 paise against US dollar: What is supporting the currency? (Times of India)
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The rupee opened at 96.71 against the dollar but improved to 96.65 thanks to intervention from the Reserve Bank of India. External factors, like a robust US dollar and climbing crude oil prices, are still putting pressure on the currency. Additionally, India's forex reserves are diminishing, leading to unease about the rupee's consistency....
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08.10.26 - 03:24
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Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra (Times of India)
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RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit....
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