Entries Tagged 'RBI' ↓

A key advisor to the government has said that there was yet no need for the central bank to intervene in the foreign exchange market.

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RBI intervention not needed in foreign exchange market: Kaushik Basu

Dealers said RBI is likely to have intervened for a second in a session in a row to shore up rupee, which has dropped around 2% in nearly a week.

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Dealers said RBI is likely to have intervened for a second in a session in a row to shore up rupee, which has dropped around 2% in nearly a week.

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At 11:39 a.m. (0609 GMT), the rupee was at 50.59/60 to the dollar, after hitting 50.68. It ended at 50.39/40 on Tuesday

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RBI may have sold dollars around Rs 50.63-Rs 50.65: Traders

At 11:39 a.m.

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RBI may have sold dollars around Rs 50.63-Rs 50.65: Traders

India’s foreign exchange reserves stood at $302.100 billion as of Dec. 16, down from $306.775 billion in the previous week, the Reserve Bank of India said.

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The Indian rupee reversed all intraday gains to close steady on Tuesday as traders pared some long-dollar positions.

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Indian rupee recoups losses on RBI deputy governor comments