Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, even as the monetary policy committee tries to balance India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. After keeping the repo rate unchanged in the past two monetary policy meetings, RBI Governor Sanjay Malhotra had […]
The Reserve Bank of India’s last repo rate decision of the year is proving to be one of its trickiest, with the Monetary Policy Committee members having to weigh India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. Sanjay Malhotra, governor of the Reserve Bank of India. (REUTERS) A majority of the […]
The Indian Rupee has slipped to another record low against the US Dollar, a day before the Reserve Bank of India spells out its latest monetary policy decision. The rupee weakened to 90.42 against the U.S. dollar, eclipsing its previous all-time low of 90.29 hit on Wednesday. (Bloomberg) The rupee weakened to 90.42 against the […]
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of ₹90 per US Dollar (USD) on Wednesday, December 3. On Wednesday morning, the rupee weakened to a low of 90.13 for one US dollar, hitting below its previous all-time low […]
The Indian Rupee fell past 90 per US dollar for the first time on Wednesday, as traders bet that the lack of a India-US trade deal and exodus of foreign monies from the stock market will keep Asia’s worst performing currency under pressure without central bank intervention. The rupee has fallen 5.3% against the US […]
The Indian Rupee weakened past the psychologically crucial 90 per US dollar mark on Wednesday, extending its rough patch as the weakness in trade and portfolio flows alongside worries over a missing trade deal with Washington kept the currency under pressure. FILE PHOTO: A customer holds hundred rupees Indian currency notes near a roadside currency […]
Hedging against the Indian Rupee’s weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment. A man walks past a logo of the Reserve Bank of India (RBI) and the Indian Rupee inside the RBI headquarters […]
The Indian rupee dropped to a lifetime low on Monday, with unfavourable trade and portfolio flows and the lack of a U.S.-India trade deal overshadowing the boost from stellar growth. The rupee declined to 89.59 against the U.S. dollar, dipping past its previous record low of 89.49 hit about two weeks ago. (Bloomberg) The rupee […]
The Indian Rupee strengthened 0.4% against the US Dollar on Monday as the Reserve Bank of India intervened to prop up the local currency. The INR-USD exchange rate stood at 89.15 as against 89.48 in the previous close. The rupee has declined 4.5% versus the US dollar over the year so far and is among […]
The Indian Rupee (INR) has barely budged against the US Dollar (USD) over the past three weeks, prompting some traders to speculate that the Reserve Bank of India is once again tightening its grip on the currency. The RBI is keeping a close watch of the rupee’s movements and would take “appropriate steps” as warranted, […]
