By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal …
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that …
KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at 299.6 against the U.S. dollar on Wednesday in the interbank market, touching a record low for the …
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle …
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in a narrow range over the coming three months and then …
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and …
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will …
By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies …
NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, …
BENGALURU (Reuters) – India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees …
BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, …
MOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying …
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been selling dollars in the non-deliverable forward (NDF) market via local banks based …
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record …
MUMBAI (Reuters) – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the …
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record …
By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, …
The Reserve Bank of India will conduct an overnight variable rate repo auction for 500 billion Indian rupees ($6.25 billion) on Thursday, the central bank …
NEW DELHI (Reuters) – India does not need to defend the rupee because its economic fundamentals are such that the currency can take care of …
By Arsh Tushar Mogre BENGALURU – India’s rupee will trade near its historic low in the coming three months, despite a recent recovery, based on …
ISLAMABAD – Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said on Sunday, adding the …
By Swati Bhat and Anushka Trivedi MUMBAI -The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses …
By Savio Shetty and Divya Chowdhury MUMBAI – The Reserve Bank of India (RBI) is justified in using the country’s foreign exchange reserves to smooth …
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the …
By Swati Bhat MUMBAI -The Indian rupee hit a record low on Friday and weakened for a 11th straight week as foreign investors continued to …
By Swati Bhat MUMBAI – The Indian rupee dropped on Monday to its lowest in nearly a month against the dollar, tracking losses in the …
By Shashwat Awasthi and Harshita Swaminathan – Investors raised their bearish views on most Asian currencies, with short bets on the Indian rupee at a …
By Uditha Jayasinghe COLOMBO – Sri Lanka’s central bank on Monday set an exchange rate limit of 230 rupees to the dollar, effectively allowing a …
By Swati Bhat MUMBAI – India’s trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge …
By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia …