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Rupee may gain ground as crude prices ease and FCNR inflows rise, says Navneet Damani
The Indian rupee is poised for appreciation, driven by a significant drop in crude oil prices and anticipated substantial inflows from NRI FCNR(B) deposits. Recent tax reforms are expected to attract between $50 billion and $70 billion, potentially reversing the currency's recent depreciation and pushing it towards 92-93 levels.
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economictimes.indiatimes.com
RBI pushes banks to bring more dollars home
The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) deposits, aimed at strengthening forex…
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thehindubusinessline.com
Rupee likely to strengthen on US-Iran peace deal as oil prices tumble
Currency seen opening at ₹94.80-94.85 per dollar with hopes of renewed dollar inflows
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Rupee may gain ground as crude prices ease and FCNR inflows rise, says Navneet Damani
The Indian rupee is poised for appreciation, driven by a significant drop in crude oil prices and anticipated substantial inflows from NRI FCNR(B) deposits. Recent tax reforms are…
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Oil retreat hands RBI an assist in boosting rupee's near-term outlook
Oil price decline boosts the rupee's outlook, strengthening it to 94.4625 per dollar amid RBI support measures.
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Rupee hits five-week high after oil plunges; traders eye further rally
The Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve Bank of India to attract foreign…
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timesofindia.indiatimes.com
Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum
The rupee rose against the US dollar for a second straight session on Monday, helped by a sharp decline in crude oil prices after a preliminary US-Iran agreement to end the…