RBI Must Shun Excessive FX Market Intervention, Former Head Says
India’s central bank must avoid excessive intervention in the foreign exchange market and allow companies to adjust to ...
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Gold rallies Rs 500 to Rs 81,300 per 10 gm; silver soars Rs 2,300
Gold prices rallied Rs 500 to hit over a two-month high of Rs 81,300 per 10 grams in the national capital on Thursday amid fresh buying from jewellers and retailers and rupee depreciation, according ...
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Sensex, Nifty extend gains for 3rd day on strong global cues, lower US inflation
Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited ...
Short Rupee as India Slowdown Here to Stay, UBS’s Narain Says
UBS Group AG is asking investors to short India’s rupee and go underweight on the country’s stocks.
Cross-border transactions: RBI announces steps to encourage use of Indian rupee
The Reserve Bank has signed MoUs with the central banks of the UAE, Indonesia, and Maldives to promote cross-border ...
RBI Introduces Measures To Boost Cross-Border Transactions In Indian Rupee
To encourage greater use of Indian Rupee (INR) for trade transactions, in July 2022, an additional arrangement in the form of ...
RBI announces steps to encourage cross-border transactions in Indian rupee
The Reserve Bank has already signed Memorandum of Understanding (MoU) with the central banks of the United Arab Emirates, Indonesia and Maldives to encourage cross-border transactions in local ...