The RBI’s interventions in the foreign exchange (FX) market are intended to ensure that the market is liquid and deep, and functioning in an orderly manner, according to central bank officials.
The RBI did not immediately respond to an email seeking comment. The move adds to the central bank's arsenal of forex interventions, which include regular dollar sales in the spot and non ...
While the RBI has previously stopped banks from adding long positions on the dollar-rupee, they have not asked them to cut positions in recent years. This move adds to the RBI's arsenal of forex ...
The RBI did not immediately respond to an email seeking comment. The move adds to the central bank's arsenal of forex interventions, which include regular dollar sales in the spot and non-deliverable ...
The comments try to address concerns that the RBI has artificially kept the exchange rate stable through excessive interventions in the foreign exchange market. The RBI has used its nearly $700 ...
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Rupee weakened to 84.4975 per US dollar in early trading on Friday, eclipsing its previous all-time low of 84.4925 on Thursday ...