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India's forex reserves down to $288 bn

Jun 30, 2012

India's forex reserves down to $288 bn

India's foreign exchange reserves fell by $0.76 billion to $288.62 billion as the RBI is believed to have been selling dollars during the week to curb the slide in the rupee's value. #Numbers #Reserve Bank of India #Foreign exchange market #USD #Foreign exchange reserves
Rupee effect Forex biz hit as Indians cancel foreign trips

Jun 29, 2012

Rupee effect Forex biz hit as Indians cancel foreign trips

Another reason for the plunge in business is the hoarding of dollars by traders #HowThisWorks #Foreign exchange market #Currency #Forex Business #Jitender Singh
Steps taken by RBI, govt to prop up the rupee

Jun 26, 2012

Steps taken by RBI, govt to prop up the rupee

Here are the measures taken by India to arrest the rupee fall in the last two months #Reserve Bank of India #Rupee #Foreign exchange market #PolicyWatch
RBI, oil firms discuss potential dollar purchase measures

Jun 22, 2012

RBI, oil firms discuss potential dollar purchase measures

After rupee hitting a lifetime low of 57.25 to dollar, RBI has asked the state-run oil firms to steer 50 percent of their dollar purchases through a single state-owned bank. #RBI #NewsTracker #United States dollar #Foreign exchange market #Oil firms
India starts betting on the rupee again, cautiously

Jun 21, 2012

India starts betting on the rupee again, cautiously

Swap deals where banks hardsell exotic forex products to many companies have returned to the market, though cautiously and as plain vanilla products. #Rupee #NewsTracker #bank #Foreign exchange market #exotic forex products