Heavy RBI intervention lifts rupee past 87, biggest gain in 2 yrs
MUMBAI: The rupee, which has been bleeding for long, has rallied sharply on Tuesday after the RBI’s heavy-handed intervention, triggering stop losses for speculators betting against the currency. The rupee which had sniffed at the sensitive 88-mark Monday,
RBI intervention in forex rises as Indian Rupee turns volatile
Data suggests that the forex reserves of the RBI has declined sharply by over $75 billion since September 27. This was the period when the Indian rupee depreciated from 83.70 against the US Dollar on September 27,
India Central Bank Intervenes to Curb Speculative Rupee Bets
The Reserve Bank of India intervened in the foreign exchange market this week to curb speculation in the rupee, according to a person familiar with the central bank’s thinking, surprising traders who expected a more hands-off approach on the currency from the new governor.
Back-to-back heavy central bank interventions lift Indian rupee past 87/USD
The Indian rupee rose sharply on Tuesday, aided by the central bank's heavy-handed intervention, which also triggered stop losses for speculators betting against the currency.
Reserve Bank of India steps in to curb rupee speculation
The Reserve Bank of India (NSE:BOI) (RBI) took action in the foreign exchange market this week to limit speculation in the rupee, an unexpected move that caught traders off guard who anticipated a more laissez-faire stance from the new governor,
Rupee rises most in over two years to reclaim 87 per dollar on likely RBI intervention
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Yahoo Finance4d
India’s New RBI Governor Set to Begin Interest Rate Cuts
However, RBI insiders say he favors a more hands-off approach on the rupee than his predecessor, and has shown a willingness to allow the currency to weaken along with global peers. READ ...
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The Reserve Bank of India (RBI) is set to cut its main policy rate on Feb. 7 followed by just one more cut next quarter, according to economists polled by Reuters, who have kept their views largely ...
Trump tariffs impact: Rupee emerges worst-performing Asian currency YTD ahead of RBI MPC’s interest rate verdict
Persistent foreign outflows, uncertainty surrounding US trade tariffs, and expectations of domestic rate cuts have all ...