Dollar Liquidity News
The Reserve Bank of India has been conducting the auctions in a bid to absorb the dollars in the system and prevent a sharp rise in the currency
India Inc seeking dollar borrowings as global interest rates soften; lower-rated firms will struggle to secure offshore funds
And among those aiming for dollar-debt are renewable energy firms Adani Green Energy Ltd, Greenko Group and Azure Power, according to people knowledgeable about their plans.
Rupee at 2-week high, gains 53 paise at Rs 71.84 in early trade on increased selling of dollars by exporters, banks
the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.