Importers are rushing to hedge their dollar positions amid the sharp depreciation of the rupee against the American currency and expectations of further volatility even as exporters are holding off......
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.' IMAGE: Reserve Bank of India Governor Sanjay Malhotra.......
The recent depreciation of the rupee along with sharp fall in the country’s foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and......
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch......
The rupee breached the 80-mark against the dollar on Tuesday. The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India.......