Rupee slide: RBI lets currency weaken amid outflows; focus shifts to curbing speculation

[ad_1] India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last […]

Read More

Rs 90 to a dollar: What’s driving the fall and why it matters to you – explained

[ad_1] The rupee’s fall past 90 is more than a number-it’s a marker of a new phase in India’s economic story. (AI image) Driving the newsOn Wednesday, the Indian rupee broke a historic barrier, falling below Rs 90 to the US dollar for the first time. Though the drop from Tuesday’s 89.94 may seem minor, […]

Read More