Category: INR

Indian Rupee News and Analysis from varies Financial media, we summarize all INR news into a sitemap summary with link to related INR News for the one who wanted to catch up Indian Rupee price change in timely manner.

Forex reserves rise to lifetime high of $608.08 billion

The country’s foreign exchange reserves surged by $3.074 billion to reach a record high of $608.081 billion in the week ended June 11, the latest data from the Reserve Bank of India (RBI) showed on Friday.. In the reporting…

USD/INR: Rupee Snaps Eight-Day Losing Run

That was largely driven by the Fed dot plot released on Wednesday, which suggested an expectation of two rate hikes in 2023.. “DXY has seen a classic short squeeze – the trigger being that 7 of 18 FOMC members felt that…

RBI nod to Centrum-BharatPe for PMC Bank takeover

The Reserve Bank of India (RBI) on Friday gave in-principle approval to Centrum Financial Services Limited to for takeover of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank via the small finance bank route.. The…

India’s central bank approves takeover of fraud hit PMC Bank

Business The Reserve Bank of India has given its in-principle approval to Centrum Financial Services Limited to take over the troubled Punjab and Maharashtra Co-operative Bank, it said in a statement on Friday.. A man walks…

Ex-central banker warns of financial instability risks in India

Former Indian central banker Rakesh Mohan warned of looming financial instability in India already struggling banking sector, citing the growing divergence between the pain in the real economy and the exuberance in the capital…

Rupee falls 15 paise to 74.23 against US dollar in early trade

The Indian rupee slumped 15 paise to 74.23 against the US dollar in opening trade on Friday as the US dollar extended gains, a day after the US Federal Reserve surprised markets with its hawkish statement.. At the interbank…

Rupee slips 33 paise to 73.65 against US dollar in early trade

The rupee slipped 33 paise to 73.65 against the US dollar in early trade on Thursday, amid the strengthening of the greenback in the overseas market.. At the interbank foreign exchange market, the domestic unit opened at…

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