The rupee’s biggest rally in seven years will give Reserve Bank of India scope to rebuild its forex reserves, potentially limiting further gains after the boost from the India-US trade deal, according to some analysts. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest […]
The dollar was poised for a second straight weekly decline on Friday as tariff threats against countries trading with Cuba added to global tensions that have sapped demand for U.S. assets. The White House said that President Donald Trump signed an executive order that would impose tariffs on countries that provide oil to Cuba, adding […]
Ather Energy Ltd. has decided to effect a price hike of up to ₹3,000 in the new year as a pricier dollar bites. Ather Energy’s sales rose 67% year-on-year to 65,595 units for a market share that improved 530 basis points to 17.4% in Q2 FY26. (Tushar Deep Singh/HT) The price hike is applicable across […]
India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest forex reserves data, buoyed by a global gold price rally. The gold’s share in India’s forex reserves has almost doubled over the past decade—from below 7% to nearly 15%. (Bloomberg) RBI’s gold reserves rose by […]