The Indian rupee recovered 15 paise from its all-time low against the US dollar after the Reserve Bank of India cut the repo rate by 25 basis points. The rupee closed at 87.44 on Friday.

The government announced that the RBI has allowed 123 correspondent banks from 30 countries to open 156 Special Rupee Vostro ...

The rupee recovered 15 paise from its all-time low closing level to 87.44 (provisional) against the U.S. dollar on Friday ...

The Reserve Bank's tough decision of a 25-basis points rate cut tilts towards stimulating consumption over currency stability ...

The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.

The Reserve Bank of India likely intervened to support the rupee before the open of the local spot market ahead of a ...

For oil & gas sector, January's $182 million selling marked the fifth consecutive month of selling. For automobile sector, it ...

India's foreign exchange reserves rose for a second straight week and stood at $630.6 billion as of January 31, the Reserve ...

Market experts are unhappy that the RBI did not announce any further “liquidity easing measures” as part of the policy ...

The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a ...

Experts believe this policy shift aims to revitalise economic activity by lowering borrowing costs, thereby encouraging both ...