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If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor outflows are pressuring the currency. Analysts suggest the rupee's slide may continue if global conditions do not stabilize. The RBI aims to smooth the rupee's descent rather than defend a specific level.
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thehindubusinessline.com
Rupee hits record low of 96/$ as oil surge fans economic worries
Rising crude prices and persistent capital outflows pushed the Indian currency to a fresh all-time low.
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economictimes.indiatimes.com
If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor…
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Rupee may remain under pressure, experts warn of possible slide to 100 per USD
Experts warn the Indian rupee may slide to 100 per USD amid rising crude prices and foreign investor outflows.
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RBI intervenes as Rupee drops to record low
RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.
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Global funds ready for further Rupee weakness with 100 in sight
Global investors anticipate further depreciation of the Indian rupee, with some projecting a fall to 100 per dollar. This outlook is driven by rising oil import costs due to the…
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Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened,…
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cryptobriefing.com
Reserve Bank of India considers rate hikes and currency swaps to stabilize sliding rupee
The Reserve Bank of India is considering interest rate hikes and currency swaps to stabilize the rupee after it hit an all-time low of 91.7425 against the dollar.