The currency rose to a two-week high of 86.47 in early hours of trading. The Reserve Bank of India likely intervened in the NDF segment, before the spot market opened, driving the rupee to open ...

The rupee sustained its recovery from lowest level for the second straight session and appreciated 27 paise to 86.52 against the US dollar on Wednesday supported by easing crude oil prices and ...

He further said that RBI took on board the current rupee-dollar rate while working out the growth and inflation projections for the next financial year. The rupee recovered 9 paise from its all-time ...

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On Monday, the rupee breached the psychologically important 87 per dollar level when President Donald Trump threatened to impose 25% tariffs on Canada and Mexico. The days of stability in the ...

Reserve Bank Governor Sanjay Malhotra on Saturday (February 8, 2025) said that the market forces decide the value of the rupee with respect to the U.S. dollar and the central bank is not worried ...

India's central bank (RBI) is not targeting any price band for the Indian rupee and focusing more on curbing excess volatility, Reserve Bank of India (RBI) Governor Sanjay Malhotra told reporters ...

The Indian Rupee rose 25 paise to 87.33 against US Dollar after it opened 11 paise higher at 87.48 a dollar, on Friday. It closed at 87.58 a dollar on Thursday. The Monetary Policy Committee cut the ...

The Indian rupee strengthened by 15 paise to close at 87.43 against the US dollar on Friday after the Reserve Bank of India cut the repo rate for the first time in two years. Following the Monetary ...

Addressing the media after the meeting of Finance Minister Nirmala Sitharaman with the Reserve Bank board, Malhotra said that the central bank focuses on the value of the rupee in the medium to ...

The Indian government announced that the Reserve Bank of India (RBI) has permitted 123 banks from 30 trade partner nations to establish 156 Special Rupee Vostro Accounts (SRVAs) with 26 Indian banks.