Two Russian banks have opened a special vostro account following permission from the Reserve Bank of India to facilitate overseas trade in rupee. Sberbank and VTB Bank —…
Read more Two Russian banks open special vostro account for overseas trade in rupeeThe Reserve Bank of India’s 2013 playbook to buffer the domestic currency against steep declines and rebuild foreign exchange reserves is unlikely to prove fruitful in the current…
Read more RBI’s 2013 playbook to rebuild FX reserves unlikely to work, say expertsFinance minister Nirmala Sitharaman, who has been speaking about India’s growth story and robust economy during her recent interactions, has said that in the current scenario, the Indian…
Read more ‘Rupee is not sliding, dollar is strengthening,’ says FM Nirmala SitharamanThe International Monetary Fund (IMF) on Friday put out a detailed note suggesting ways the countries can respond to a strong US dollar, which has weakened other currencies…
Read more IMF warns central banks against taking this one step as they fight strong US dollarThe Indian rupee has weakened essentially due to the strengthening of the dollar index but it is holding well as compared to currencies of other emerging market economies,…
Read more Indian rupee’s depreciation essentially due to strengthening of dollar index: SBI chairman
