Neha Dasgupta

All stories by Neha Dasgupta

Banks still resisting rate cuts as liquidity row with RBI drags on

Banks still resisting rate cuts as liquidity row with RBI drags on

Rediff.com25 May 2016

These cash shortages increase banks' funding costs, making it harder for them to lower lending rates

Rajan says taking steps to 'firewall' the economy

Rajan says taking steps to 'firewall' the economy

Rediff.com13 May 2016

In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high

Forex reserves surge to record high of $360 bn

Forex reserves surge to record high of $360 bn

Rediff.com9 Apr 2016

The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme

Rupee posts biggest gain vs dollar in 2 years

Rupee posts biggest gain vs dollar in 2 years

Rediff.com18 Sep 2015

Forex market was closed on Thursday on account of Ganesh Chaturthi.

India's Jan-March CAD narrows to 0.2% of GDP

India's Jan-March CAD narrows to 0.2% of GDP

Rediff.com10 Jun 2015

Balance of payment stood at a surplus of $30.1 billion during January-March

Rajan says India must avoid 'layers' of checks

Rajan says India must avoid 'layers' of checks

Rediff.com20 Feb 2015

India needed more specialists within government

Rupee falls 31 paise to 10-month low of 62.33

Rupee falls 31 paise to 10-month low of 62.33

Rediff.com11 Dec 2014

The Reserve Bank of India sold dollars via state-owned banks around 62.3575 per dollar to contain the rupee's fall, traders said.

Rupee rebounds from 9-month low to end at 61.94

Rupee rebounds from 9-month low to end at 61.94

Rediff.com20 Nov 2014

In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.

Rupee closes higher on robust foreign inflows

Rupee closes higher on robust foreign inflows

Rediff.com31 Oct 2014

Foreign investors have bought around $2.4 billion in both debt and equity so far in October, pushing the total inflows to nearly $36 billion so far in the year.

Rupee weakens in line with Asia as Fed seen hawkish

Rupee weakens in line with Asia as Fed seen hawkish

Rediff.com30 Oct 2014

The partially convertible rupee closed at 61.45/46 per dollar, weaker from Wednesday's 61.35/36.

Rupee ends a tad weaker ahead of Fed meet outcome

Rupee ends a tad weaker ahead of Fed meet outcome

Rediff.com29 Oct 2014

In the offshore non-deliverable forwards, the one-month contract was at 61.56/66, while the three-month contract was at 62.16/26.

Rupee ends almost flat on Asian cues

Rupee ends almost flat on Asian cues

Rediff.com22 Sep 2014

The rupee appreciated by three paise to close at one-week high of 60.81 against the US dollar in the previous session on sustained dollar selling by exporters and capital inflows.

RBI will continue to limit India's reliance on foreign debt: Rajan

RBI will continue to limit India's reliance on foreign debt: Rajan

Rediff.com16 Sep 2014

Rajan also said the RBI had reduced the current account deficit "substantially".

Rajan explains why the govt needs to deregulate diesel prices

Rajan explains why the govt needs to deregulate diesel prices

Rediff.com15 Sep 2014

India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment growth to pick up, he added.

Rupee dips as shares remain under pressure

Rupee dips as shares remain under pressure

Rediff.com14 Jul 2014

The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.

Rupee tanks 36 paise against USD as Iraq crisis worsens

Rupee tanks 36 paise against USD as Iraq crisis worsens

Rediff.com18 Jun 2014

The rupee had revisited the near 2-month low of 60.55 per dollar earlier in the session.

India is better placed to deal with external uncertainties: RBI

India is better placed to deal with external uncertainties: RBI

Rediff.com17 Jun 2014

The rupee had closed at 60.1550/1650 per dollar on Monday.

Rupee hits 11-month high before RBI steps in

Rupee hits 11-month high before RBI steps in

Rediff.com23 May 2014

Increased selling of the dollar by banks and exporters amid sustained foreign capital inflows supported the rupee.

Rupee may test 57/USD in 3 months: JP Morgan

Rupee may test 57/USD in 3 months: JP Morgan

Rediff.com23 May 2014

The bank adds it expects Modi to fight inflation through administrative measure

Rupee sees biggest single-day rise in a week

Rupee sees biggest single-day rise in a week

Rediff.com22 May 2014

A higher opening in the domestic equity market also supported the rupee but dollar's gain against other currencies overseas limited the rise of domestic unit, forex dealers said.

Rupee falls for second day; oil companies buy dollars

Rupee falls for second day; oil companies buy dollars

Rediff.com21 May 2014

The rupee had retreated four paise from its 11-month high levels to close at 58.63 against the dollar on Tuesday on fresh demand for the US currency from importers, amid some profit- booking in stocks.

Rupee hits 3-week high; focus on US jobs data

Rupee hits 3-week high; focus on US jobs data

Rediff.com2 May 2014

The currency got support from dollar flows into local equities and greenback sales from state-run lenders.

Rupee gains for 2nd straight day; Fed policy in focus

Rupee gains for 2nd straight day; Fed policy in focus

Rediff.com30 Apr 2014

Forex dealers said besides selling of the American currency by exporters and banks, gains in other Asian currencies against the dollar and a higher opening in the domestic stock market also supported the rupee.

Rupee gains on large dollar sales by cos

Rupee gains on large dollar sales by cos

Rediff.com29 Apr 2014

In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.

Rupee nearly flat after hitting 1-week high

Rupee nearly flat after hitting 1-week high

Rediff.com28 Apr 2014

The domestic currency had gained a massive 47 paise to close at 60.60 on Friday amid heavy selling of the US currency by corporates, exporters and banks.

Govt bond yield spike temporary, says Chidambaram

Govt bond yield spike temporary, says Chidambaram

Rediff.com19 Nov 2013

Bond yields have risen since the Reserve Bank of India raised interest rates for a second consecutive month on October 29.

RBI likely sold dollars via state-run banks to cap rupee fall: Dealers

RBI likely sold dollars via state-run banks to cap rupee fall: Dealers

Rediff.com13 Nov 2013

The rupee has already shed around 3.3 percent over the last five sessions.