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RBI sold $6.1 bn in May as oil weighed on the rupee and foreign inflows showed signs of revival: Bulletin
The Reserve Bank of India sold six point one billion dollars in May. This intervention occurred amid global market volatility and geopolitical tensions. India's external sector remains steady with improving foreign investment inflows. The domestic economy navigated uncertainties well, supported by strong demand. Foreign exchange reserves are comfortable, covering over ten months of imports.
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thehindubusinessline.com
RBI intervenes to support rupee as currency nears record low
RBI intervenes in forex markets to stabilize the rupee as it approaches record lows amid rising crude oil prices.
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economictimes.indiatimes.com
Indian banks mobilise $20.7 billion under RBI's special incentive window
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve…
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RBI says $20 billion mobilised under the special foreign currency scheme
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve…
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Indian rupee gains as oil comes off; inflows, RBI intervention in focus
The Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran, which reduced oil market tensions. With…
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RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows
The Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the rupee to a record low. The central bank…
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RBI sold $6.1 bn in May as oil weighed on the rupee and foreign inflows showed signs of revival: Bulletin
The Reserve Bank of India sold six point one billion dollars in May. This intervention occurred amid global market volatility and geopolitical tensions. India's external sector…