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Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Oct 29, 2014

Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Though there would not be any immediate forex impact given the legal issues involved, it could add $30-35 billion to the forex reserves over time #Black money #forex reserves #BofA-ML #illegal funds
RBI monetary policy: Gov Rajan's take on real estate, wilful defaulters and more

Sep 30, 2014

RBI monetary policy: Gov Rajan's take on real estate, wilful defaulters and more

The RBI kept its key policy repo rate unchanged at 8.0 percent as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016. #Inflation #India #GDP #RBI #Reserve Bank of India #Rupee #WPI #Raghuram Rajan #Growth #KYC #Forex #CPI #Real estate #Jan Dhan Yojana #economy growth
Rupee recovers 9 paise vs dollar in early trade

Jun 24, 2014

Rupee recovers 9 paise vs dollar in early trade

After two days of losses, the rupee today recovered by 9 paise to 60.11 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amidst fall in global crude oil prices. #BSE Sensex #NewsTracker #US Dollar #Indian rupee #Forex #Interbank Foreign Exchange
Rupee up 13 paise against dollar in early trade

Jun 23, 2014

Rupee up 13 paise against dollar in early trade

The rupee strengthened by 13 paise to 60.05 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks. #BSE Sensex #India #NewsTracker #US Dollar #Indian rupee #Forex #Interbank Foreign Exchange
Rupee down 8 paise against dollar in early trade

Jun 13, 2014

Rupee down 8 paise against dollar in early trade

The rupee weakened by eight paise to 59.33 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers. #BSE Sensex #India #Rupee #NewsTracker #US Dollar #markets #Forex

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The rupee will stay weak in the range of Rs 48-52 against dollar

Sep 22, 2011

The rupee will stay weak in the range of Rs 48-52 against dollar

Thanks to global risk-aversion and the US Fed's 21 September decisions, the dollar continues to remain strong. The rupee will remain weak till the risk-aversion remains #India #Rupee #US Dollar #ForexFever #NotJobsButPassion