Rupee ends final week of 2022 higher as market mood improves- QHN
The Indian rupee ended the final week of a turbulent year in the green on Friday, as the dollar index declined, while hopes that the country’s current account deficit had … Read More
Tag: Indian rupee
RBI’s forex reserves rise for fifth straight week to $564.07 billion- QHN
The Reserve Bank of India’s (RBI’s) foreign exchange reserves rose by $2.9 billion to $564.07 billion in the week ended December 9. This is the fifth consecutive week of an … Read More
UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: Report- QHN
Indian lenders UCO Bank and Yes Bank are in talks with their Russian counterparts over a payment mechanism for trade between the two countries, a senior government official said on … Read More
RBI asks banks to set aside capital, provisions for unhedged FX exposure- QHN
The Reserve Bank of India (RBI) on Tuesday tweaked guidelines for banks on incremental capital and provisioning requirements in relation to unhedged foreign currency exposures, amid the weakness in the … Read More
Rupee breaches 82/$1 for first time as Fed officials back rate hike view- QHN
The rupee weakened to a new low against the US dollar on Friday as Federal Reserve officials in the US outlined a large quantum of rate hikes going ahead, leading … Read More