The Reserve Bank of India's (RBI) cap on banks' forex positions provided only a temporary boost to the rupee, with the currency quickly reversing gains and breaching the 95-per-dollar mark due to persistent underlying pressures.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
Satwiksairaj Rankireddy and Chirag Shetty fought back to win the Singapore Open title, defeating Indonesia's Fajar Alfian and Muhammad Shohibul Fikri in the men's doubles final.
Satwiksairaj Rankireddy and Chirag Shetty fought back to win the Singapore Open title, defeating Indonesia's Fajar Alfian and Muhammad Shohibul Fikri in a thrilling men's doubles final.
Mirra Andreeva, a Russian teenager, secured her spot in the French Open semi-finals with a decisive victory over Sorana Cirstea, continuing her impressive run in a tournament that has seen several top players eliminated.
Satwiksairaj Rankireddy and Chirag Shetty fought back to win the Singapore Open title, defeating Indonesia's Fajar Alfian and Muhammad Shohibul Fikri in a thrilling final.
The Indian rupee rebounded against the US dollar following intervention by the Reserve Bank of India, amidst ongoing concerns about foreign capital outflows, rising crude oil prices, and geopolitical instability.
PV Sindhu and Lakshya Sen progressed to the quarter-finals of the Singapore Open, while HS Prannoy exited the tournament after a defeat to Loh Kean Yew.
The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that recent regulatory measures to address foreign exchange market volatility, such as capping banks' net open positions, are temporary and aligned with current market conditions, not signalling any structural shift in policy.
PV Sindhu and Lakshya Sen progressed to the quarter-finals of the Singapore Open, while HS Prannoy exited the tournament after a defeat to Loh Kean Yew.
Satwiksairaj Rankireddy and Chirag Shetty defeated the world number one pair from Korea to reach the final of the Singapore Open Super 750 badminton tournament.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
Suryakumar Yadav was seen practicing in the nets ahead of Mumbai Indians' IPL match against Sunrisers Hyderabad, while Rohit Sharma's availability remains uncertain due to a hamstring injury.
The Indian rupee depreciated by 28 paise to settle at 93.44 against the US dollar, influenced by ongoing uncertainties surrounding West Asia peace negotiations, volatile crude oil prices, and the Reserve Bank of India's recent adjustments to non-deliverable forward market regulations.
Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.
Elina Svitolina of Ukraine defeated Coco Gauff in the Italian Open final, signalling her ambitions for the upcoming French Open.
The Indian rupee experienced a significant surge against the US dollar following the Reserve Bank of India's measures to restrict banks from onshore forward markets. Despite this, the rupee remains under pressure from foreign capital outflows, a strong dollar, and rising crude oil prices.
The Indian rupee weakened against the US dollar due to geopolitical tensions surrounding the Strait of Hormuz and ahead of the Reserve Bank of India's monetary policy review.
State-owned Life Insurance Corporation of India (LIC) has reported a net profit of over Rs 23,400 crore for the January-March quarter, making it the highest profit-making firm in the Indian financial sector during this period, surpassing major banks like SBI and HDFC Bank.
Jannik Sinner's dedication to patience and control has transformed him into a formidable clay court player, making him a favourite for the French Open, even as he navigates the mental challenges of heightened expectations and a potential rematch with Carlos Alcaraz.
NorthEast United FC concluded their Indian Super League campaign with a 2-0 victory over Mohammedan Sporting Club, with goals from Jairo Samperio and Dinesh Singh Soraisham.
After 70 matches packed with collapses, comebacks and last-over drama, Royal Challengers Bengaluru, Gujarat Titans, Sunrisers Hyderabad and Rajasthan Royals have survived the grind to storm into the IPL 2026 playoffs.
Sreenidi Deccan FC fought back to secure a 1-1 draw against Dempo Sports Club in an Indian Football League match, with Hadi Idrissou's second-half goal cancelling out Marcus Joseph's early opener.
Gujarat Titans opener B Sai Sudharsan said they are focused on sealing a top-two finish rather than obsessing over net run-rate going into their final IPL league match.
Bengaluru FC concluded their Indian Super League 2025-26 campaign with a 2-1 victory over Chennaiyin FC. Ryan Williams and Serto Worneilen Kom scored for Bengaluru, while Daniel Chima Chukwu scored for Chennaiyin.
India are entering a rebuilding phase in Test cricket, with Shubman Gill facing early challenges as captain amid concerns over form, selection stability, and recent home results.
Kolkata Knight Riders confirm Rachin Ravindra's departure to prepare for New Zealand's Test tour of England, impacting KKR's squad balance in a crucial phase of the IPL season.
The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).
India's Unity Cup campaign concluded with a 1-0 defeat against Zimbabwe in the third-place play-off, with Prince Dube's first-half penalty proving decisive.
Punjab FC secured a dramatic 3-2 victory over Odisha FC in an Indian Super League match, boosting their title ambitions. Goals from Manglenthang Kipgen, Bede Osuji, and Dani Ramirez sealed the win for Punjab, while Suhair VP and Kartik Hantal scored for Odisha.
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
'I think it was good that starting the season with a really good performance.'
Vinesh Phogat was knocked out of the Asian Games selection trials in Delhi on Saturday after losing to Meenakshi Goyat 4-6 in a tense semi-final bout of the women's 53kg event.
Vinesh Phogat overcame a tough challenge to reach the semifinals of the Asian Games trials, while Antim Panghal also progressed.
Josh Inglis's blistering 72 helped Lucknow Super Giants post a competitive 196 for six against Punjab Kings in their IPL match. Inglis and Ayush Badoni's aggressive batting helped Lucknow recover from an early slump.
Vinesh Phogat's hopes of competing in the Asian Games were dashed after a defeat in the selection trials. Despite a strong start to the trials, Phogat lost to Meenakshi Goyat, ending her chances of securing a spot at the prestigious event.
Indian equity benchmark indices Sensex and Nifty rebounded in early trade, driven by buying in blue-chip stocks and a positive trend in Asian markets, with domestic institutional investors providing crucial support.
Indian benchmark indices, Sensex and Nifty, closed marginally higher after a volatile trading session, driven by value buying in IT and select blue-chip counters, despite global crude price hikes and a weak rupee.
200+ scores are IPL's sugar rush. Great for TRPs, dangerous as a full diet. BCCI -- don't kill the golden goose, cautions Sandeep Goyal.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances