Rupee
Coverage of Rupee in the Nexus archive.
- Indian Stocks Beat Emerging Peers, Rupee Rebounds as Oil Slides
Indian stocks outperformed emerging market peers, the rupee rebounded, and oil prices declined. The performance of Indian equities and currency was linked to falling oil prices.
- Rupee Hits Six-Week High as India’s Inflow Measures Draw Demand
The Indian rupee reached a six-week high due to increased demand driven by India's inflow measures.
- India Bond Inflows Hit One-Year High After Rupee Support Steps
India's bond inflows reached a one-year high following government measures to support the rupee, which hit a record low against the dollar. The rupee's decline was attributed to rising oil prices, which could increase inflation and strain the country's finances.
- Goldman Sees Rupee Weakness Capped After Steps to Boost Inflows
Goldman Sachs predicts that the rupee's weakness will be limited following measures aimed at increasing inflows.
- Foreign Inflow Hopes Shift Focus Away from 100-a-Dollar Fears for Rupee
Foreign inflow hopes are shifting attention away from fears of the rupee hitting 100 per dollar. The article references stacks of 100-dollar bills in Washington, D.C.
- India scraps tax on overseas bond investors in bid to attract foreign capital and shore up the rupee
India has removed the capital gains tax for foreign investors in government bonds to attract foreign capital and strengthen the rupee. The policy change aims to boost capital inflows into the country.
- India scraps capital gains tax for foreign bond buyers to shore up rupee
India has eliminated capital gains tax for foreign bond buyers to strengthen the rupee. The central bank maintained interest rates despite currency pressures from foreign outflows and the Iran war.
- India Central Bank Takes Steps to Boost Rupee, Holds Rate
India's Central Bank has taken measures to strengthen the rupee while maintaining the current interest rate. Sanjay Malhotra is mentioned in the article.
- India Rate-Hike Bets Build as Pricey Oil, Weak Rupee Stoke Inflation Risks
India's Reserve Bank of India (RBI) faces mounting expectations for a rate hike as rising oil prices and a weak rupee increase inflation risks. RBI Governor Sanjay Malhotra countered U.S. President Donald Trump's dismissal of India's economy, stating the country contributes more to global growth than the U.S.
- Why India Cannot Let the Rupee Float
India faces challenges in allowing the rupee to float due to imported inflation, fragile manufacturing, and unequal burdens, which complicate textbook arguments for unrestricted currency depreciation.
- Why a Weak Rupee Is About More Than the Oil Shock
The article discusses the decline of the Indian rupee, highlighting that factors beyond the oil shock are contributing to its weakness. It references the current economic situation in India.
- Rupee Plunge Sees India Turn to 2013 Taper Tantrum Playbook
India's rupee has experienced significant depreciation, prompting the government to employ strategies similar to those used during the 2013 taper tantrum crisis. The central bank and authorities are implementing measures to stabilize the currency amid broader economic pressures.
- Indian Central Bank Intervenes as Rupee Drops to Record Low
The Indian Central Bank has intervened as the Rupee dropped to a record low. The bank's action is aimed at stabilizing the currency. The record low has significant implications for India's economy.
- India Tightens Silver Import Rules Amid Measures to Defend Rupee
India has tightened silver import rules to defend the Rupee amid a surge in demand. The increased demand has led to a decrease in available silver bars for trade in London. This move is part of measures to stabilize the currency.
- Why Modi wants Indians to buy less gold and take fewer foreign holidays
Indian Prime Minister Narendra Modi is urging Indians to reduce their gold purchases and limit foreign travel to conserve dollars. This comes as India's economy faces strain from war and oil price shocks, affecting the rupee. The goal is to mitigate the impact of these global events on India's economy.
- India has increased tariffs on gold. Why it might paradoxically be a positive signal for the metal.
The Indian government has increased tariffs on gold to alleviate pressure on its currency by discouraging gold imports, but analysts think this may have the opposite effect and protect investors from inflation. The move is intended to reduce gold imports. However, it might paradoxically boost gold investment.
- India FX Buffer Is Still Robust to Defend Rupee, Economists Say
Economists believe India's FX buffer is robust enough to defend the Rupee. The country's foreign exchange reserves are still substantial. This will help stabilize the currency.
- New Rules for India Shadow Banks May Put Tata Sons IPO on Radar
The Reserve Bank of India (RBI) maintained interest rates amid a weakened rupee and economic growth challenges, while new regulatory rules for shadow banks could impact Tata Sons' potential IPO. The policy decision follows the Middle East crisis, highlighting the RBI's balancing act between currency stability and economic support.
- India’s RBI Eases Some Curbs on Banks’ Forex Market Trades
The Reserve Bank of India (RBI) eased restrictions on banks' foreign exchange market trades amid a weaker rupee and ongoing efforts to support economic growth. The decision came during the RBI's first policy meeting since the Middle East crisis, with interest rates held steady.
- India’s Rupee Is Asia’s Biggest Gainer on Oil FX Window Report
India's rupee became Asia's biggest gainer due to the oil FX window report. The report highlighted the currency's performance against regional peers.
- The tumbling rupee is a big problem for Narendra Modi
The Indian rupee's decline is causing significant economic concerns for Prime Minister Narendra Modi. The weakening currency poses risks to India's economy, highlighting challenges in managing monetary policy.
- Indian central bank holds firm on key rate as rupee suffers historic lows
The Indian central bank has maintained its key interest rate despite the rupee reaching historic lows. The decision to hold the rate suggests a focus on stability amid currency challenges.