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RBI likely intervenes to support rupee, conducts swaps, traders say
The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable forward contracts created downward pressure. The Reserve Bank of India also reportedly utilized dollar-rupee buy/sell swaps for longer maturities, with state-run banks executing these trades on its behalf.
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economictimes.indiatimes.com
India rupee defense lifts key forex tool past $110 billion mark
The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar…
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RBI opens a dollar swap window to help hedge foreign borrowings
The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The…
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Analysts see RBI measures steadying rupee, push back depreciation forecasts
The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts…
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cryptobriefing.com
Reserve Bank of India's forex defense tool surpasses $110 billion as rupee slides
The Reserve Bank of India's net-short dollar book has hit a record $110-115 billion as the central bank fights to stabilize the rupee past its all-time low.
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RBI likely intervenes to support rupee, conducts swaps, traders say
The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable forward contracts created downward…
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thehindubusinessline.com
Rupee ends nearly flat on competing oil, intervention and NDF maturity cues
The rupee closed at 95.2650 per dollar, up marginally compared to its close of 95.35 in the previous session.
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RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
New measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx will support the Indian rupee. Reforms…