RBI does dollar/rupee swap for $5 billion, injects liquidity
The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4. The RBI received bids worth five times the notified ...
Indian Budget 2025: Where does the rupee come from?
Ever wondered how the Indian government earns and where the money is ultimately spent? We break down the numbers for you in ...
India's FX reserves halt 7-week losing spree as rupee pressure eases
India's foreign exchange reserves halted a seven-week losing streak and rose to $629.56 billion as of Jan. 24, coming off ...
India cenbank infuses $5.1 billion worth of rupee liquidity via buy/sell FX swap
The Reserve Bank of India's $5 billion 6-month dollar/rupee buy-sell swap auction was oversubscribed five-fold on Friday, ...
USD/INR forms a small double-top: Is the rupee about to rebound?
Explore why the USD/INR exchange rate has jumped to a record high and what to expect later this year as the RBI starts ...
Sacred strokes of color on foreheads are a major display of Hinduism at India’s Maha Kumbh festival
A vermilion dot on the forehead is one of India’s most widely accepted Hindu cultural insignias. But at the festival, where millions are flocking to pray and bathe at the confluence of India’s holy ...
Rupee falls 26 paise to 86.57 against US dollar in early trade
The rupee dropped to 86.57 against the US dollar due to consistent dollar demand from oil importers and persistent foreign ...