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Indian rupee hits 14-week high against US dollar; tax collections rise

Sustained debt and equity buying by foreign investors enables the Indian rupee to close at a 14-week high against the US dollar; tax collections also increase. ....

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Forex Reserves Slump To Over 2-Year Low As RBI Defends Rupee To Below 80

India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar. ....

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Forex Reserves Dive By $7.5 Billion As RBI Uses War Chest To Help Rupee

India's forex reserves fell by $7.5 billion as the Reserve Bank of India is using its war chest to limit the sharp decline and 'jerky movements' in the rupee. ....

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Rupee Hit New Record Lows 26 Times Since Ukraine War; Teetering Near 80 Per Dollar

The rupee is in for a rough ride ahead, with the next key psychological level of 80 per dollar almost a done deal after a blowout US inflation print, which will boost the already-rampant dollar further. ....

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Rupee drops 9 paise to hit lifetime low of 79.90 against US dollar

The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows. ....

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