Forex reserves are sufficient to buffer external shocks, while the RBI warns of increased threats to world economy.

The Reserve Bank of India (RBI) stated on Monday that new US trade investigations and the military war in the Middle East, which was sparked by combined US and Israeli assaults on Iran, have raised volatility in international financial markets. In its State of the Economy report, the central bank stated that the global economic…

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Rupee declines to all-time lows

As crude oil prices rose above $100 per barrel amid the conflict in West Asia, the rupee fell to a new low against the US dollar on Wednesday. According to Bloomberg data, the native currency finished the session at 92.63 against the dollar, down 24 paise, or 0.27%, from the previous close. According to dealers,…

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Due to concerns surrounding the US-India trade pact, the rupee hits a record low of 90.46/$

After opening flat, the Indian rupee fell to yet another record low of 90.46 versus the US dollar. The domestic currency was severely impacted by the uncertainty surrounding the finalization of the stalled trade agreement with the US, and persistent dollar outflows exacerbated the downward pressure. One of the worst-performing Asian currencies is the Indian…

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