Tag
Rupee
6 articles
RBI Raises Key Rate to 5.5%, Rupee Slides as Inflation Persists
The Reserve Bank of India lifted its benchmark rate 25 basis points to 5.5 percent, the first hike since February 2023, as retail inflation breaches the central bank's 4 percent target for a third consecutive month.
RBI's $200B Forward Short Shows Peak Dollar Absorption in Rupee Defense
The Reserve Bank of India's record net short dollar position of $200.06 billion in August reflects the structural limits of its currency intervention strategy via foreign currency deposits.
India's Diaspora Deposits Hit $100 Billion as Banks Target $50 Billion More
The RBI's overseas deposit facility has crossed $100 billion in inflows, with Indian banks now running a global campaign to attract an additional $50 billion from wealthy nationals abroad.
RBI Closes Dollar Swap Window Early, Rupee and Short-Term Bonds Sell Off
The Reserve Bank of India shut its FCNR(B) swap facility ahead of schedule, pushing the rupee to 95.61 per dollar and lifting the 10-year bond yield to 6.81 percent.
RBI Cuts FCNR Window a Month Early After $56.8B Floods In
India's central bank moves the FCNR(B) deadline to Aug. 31 from Sept. 30 after inflows across three channels hit $56.846 billion in just over two months.
RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength
India's central bank executed one of its largest direct interventions in months Friday, selling $7 billion to stabilize the rupee against a surging U.S. dollar.