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Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing India’s drive to become a developed economy. By Alex Travelli Reporting ...

The rupee appreciated 5 paise to close at 86.55 (provisional) against the U.S. dollar on Monday (January 20, 2025), as an overnight decline in crude oil prices and the U.S. dollar index supported ...

On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar. In two back-to-back sessions, on Tuesday and Wednesday, the local unit had gained 30 paise from its lowest-ever ...

In a significant push to enhance the global usage of the Indian Rupee (INR) and local currencies for cross-border transactions, the Reserve Bank of India (RBI) has liberalised key regulations under ...

For two years the rupee was stable. So stable that the International Monetary Fund reclassified India’s exchange-rate regime to ‘stabilised arrangement’ from ‘floating’ in December 2023.

MUMBAI: With the rupee under intense pressure against the dollar, the Reserve Bank of India (RBI) has further liberalised the Fema (foreign exchange management) rules to encourage its use to ...

Have you been following the troubles of the Indian rupee, which has crashed to historic lows over the last few days? Those of you with long memories will remember that the last time this happened, ...

The Indian rupee opened marginally down on January 16 at 86.42 against the US dollar after ending the previous session at 86.3625. After opening lower, the local currency made some recovery to ...

The Indian rupee's decline to a historic low of 86.59 against the US dollar on Monday has stirred concerns, but former Reserve Bank of India (RBI) Governor Raghuram Rajan has provided a measured ...

India’s new central bank governor, Sanjay Malhotra, appears ready to let the rupee move more freely against regional peers while still intervening to curb sharp volatility, according to a ...

Photo Credit: SUSHIL KUMAR VERMA Ahead of the next meeting of the RBI’s Monetary Policy Committee (MPC), a weakening rupee poses a new threat to inflation. Economists believe that any rise in ...