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Tag

indian rupee

2 articles

RBI Holds Rupee Above 85.50 as Oil Surge Drives Dollar Demand
Macro & Rates4d ago
RBI Holds Rupee Above 85.50 as Oil Surge Drives Dollar Demand
State-run banks sold dollars Monday to counter rising crude prices and forward contract demand, keeping the rupee on the stronger side of 85.50.
RBI Dollar Intervention Bolsters Rupee, Shifts EM Fixed Income Outlook
Macro & Rates120d ago
RBI Dollar Intervention Bolsters Rupee, Shifts EM Fixed Income Outlook
India's central bank directs state oil refiners to use a special credit facility for dollar purchases, leading to significant rupee gains and recalibrating market expectations for Indian assets.