India's central bank is likely conducting buy/sell dollar-rupee swaps in addition to selling spot dollars to support the rupee, three traders told Reuters on Thursday.

Asian currencies also slumped after the dollar rallied on Trump's sweeping tariffs that impose a 25% levy on Mexican and ...

The Reserve Bank of India likely intervened to support the rupee on Wednesday as the currency hovered near its all-time low ...

LOS ANGELES, CA – As multiple wildfires continue to ravage Southern California, leaving devastation in their wake, several Indian American organizations have mobilized to provide critical aid to ...

The Indian rupee strengthened on ... latter half of the day on the back of dollar sales by foreign banks, traders said. At least three local private banks were also spotted offering dollars, aiding ...

MUMBAI (Reuters) - The Indian rupee ... back of dollar sales by foreign banks, traders said. At least three local private banks were also spotted offering dollars, aiding the rupee, a trader ...

The sharp devaluation of the rupee ... value of sales and the total variable cost. Figure 4 shows the trend in the markup for 1908 sample firms in the Centre for Monitoring Indian Economy (CMIE ...

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The Reserve Bank of India has implemented new rules to facilitate the use of the rupee in international trade and investment. These regulations allow overseas branches of authorised banks to open ...

Indian outsourcing giant Infosys Ltd. on Thursday raised its sales outlook for the third time this year as the company said clients were increasingly adopting its artificial-intelligence services.

The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions.