RBI’s $127 Billion FCNR Haul: Why It Matters
Banks raised $127.2 billion through RBI’s FCNR(B) swap window, creating a large foreign-currency buffer with implications for the rupee and liquidity.
#Indian Rupee
2 articles
Rupee Hits Three-Week Low as Costly Oil Adds Pressure
The rupee closed at 95.75 per dollar as soaring oil prices and weak equities added pressure, despite nine sessions of RBI intervention.