India Should Not Deplete Reserves to Defend Rupee, Ex-RBI Chief Rajan Says
Former RBI Governor Raghuram Rajan advises against depleting forex reserves to defend the rupee, citing risks from high oil prices and widening current account deficits.
42 articles
Former RBI Governor Raghuram Rajan advises against depleting forex reserves to defend the rupee, citing risks from high oil prices and widening current account deficits.
The Indian rupee is forecast to strengthen supported by Jio Platforms IPO inflows and RBI intervention, though traders remain cautious due to rising oil prices linked to Middle East tensions.
The Indian rupee is expected to stabilize near 95 against the dollar as the RBI intervenes amid rising oil prices, with Brent crude exceeding $110 per barrel. Foreign reserves have declined nearly $60
India's bond yields climb toward 7.5% as traders bet on rate hikes to support the rupee amid elevated oil prices exceeding $100 per barrel. The RBI faces liquidity challenges while managing currency s
India's central bank introduced a special dollar window for state-run refiners to meet $10 billion monthly needs, aiming to stabilize the rupee amidst soaring crude import costs linked to geopolitical
Indian equities are poised to rally as Brent crude prices drop on potential Ukraine-Russia energy ceasefire hopes, while the RBI implements measures to support the rupee.
India's central bank launched a special dollar facility for state-run oil firms to stabilize the rupee and tightened forex derivative regulations. These measures aim to curb currency volatility impact
The Indian rupee fell to near-record lows following a hawkish RBI rate hike, driven further by Brent crude surging past $102 per barrel. Rising oil import costs and Middle East supply tensions continu
The Indian rupee may stabilize as oil prices soften and US Fed rate hike expectations fade. Despite potential RBI intervention, traders warn further weakness could occur amid high oil costs and Treasu
The Indian rupee faces pressure near the 96 level against the dollar due to high US yields and rising oil prices linked to Middle East supply disruptions. The RBI may intervene to defend the currency
The Indian rupee is expected to trade narrowly supported by portfolio inflows, while elevated oil prices amid Middle East conflict may cap gains. Bond yields face selling pressure as investors anticip
The Indian rupee risks testing RBI support at 95.80 amid an oil rally and rising US yields. Brent crude jumped over 18% due to Middle East tensions, fueling inflation fears and potential Fed rate hike
The Indian rupee faces continued pressure from rising Brent crude prices exceeding $100 per barrel amidst geopolitical conflicts. While the RBI intervenes, traders anticipate limited relief due to the
The Indian rupee faces depreciation pressure as Brent crude oil prices surge near $100 per barrel due to Middle East tensions. Traders suggest the RBI may reduce aggressive currency intervention amids
The Indian rupee and bond markets face volatility driven by RBI intervention, influenced by surging oil prices and U.S. economic data. Oil prices hit a six-week high amid U.S.-Iran tensions, providing
The Indian rupee's rally, supported by RBI inflows, faces pressure from rising oil prices as Brent crude exceeds $96 per barrel amid geopolitical tensions.
The Indian rupee is projected to remain stable as falling oil prices and central bank intervention counterbalance Federal Reserve rate hike concerns. Brent crude futures dropped to around $87.30 per b
The Indian rupee weakens against the dollar as Brent crude prices exceed $91 per barrel and U.S. Treasury yields rise, compounded by the RBI shortening its foreign-currency deposit swap window.
The Indian rupee is expected to rise as Brent crude oil prices drop to $86.50 per barrel, offering relief against persistent currency pressure. Geopolitical tensions in the Strait of Hormuz are influe
Brent crude approaches $90/barrel, increasing dollar demand and pressuring the Indian rupee, prompting RBI intervention to stabilize the currency amidst rising oil risks.
The Indian rupee reached a one-month high against the dollar, driven by a 5.2% drop in Brent crude oil prices. Traders expect the upcoming RBI policy decision to have limited impact compared to oil pr
India attracted over $40 billion in overseas capital to stabilize the rupee amid rising crude oil prices, with the RBI intervening to defend the currency against geopolitical pressures.
The Indian rupee's recovery faces challenges from volatile Brent crude prices nearing $87.50 per barrel and Federal Reserve rate uncertainty amid Middle East tensions, despite ongoing RBI intervention
India's RBI cited economic resilience despite monsoon deficits affecting agriculture and Iran war risks impacting crude oil imports. Policy rates are expected to remain at 5.25%, with foodgrain stocks
RBI sold $6.1B in May to defend rupee against oil-driven surge. High grain stocks and policy measures aim to cushion economic pressure from rising costs and monsoon delays.
The Indian rupee faces pressure from soaring crude prices and Middle East tensions, outweighing $20 billion in central bank inflows. Geopolitical risks threaten energy supplies, keeping market sentime
India's central bank sold dollars to stabilize the rupee after crude oil prices jumped over 20%, straining the nation's import bill and foreign exchange reserves.
RBI Governor Sanjay Malhotra cites Iran conflict-driven oil price hikes and weak monsoon rains as key inflation risks for India. High dependence on imported crude and rain-fed agriculture exposes the
India's CPI reached 4.38% in June, exceeding RBI targets driven by food and fuel inflation. Rising crude prices and monsoon risks continue to impact agricultural and energy commodity markets.
India's RBI Governor stated that raising interest rates remains premature due to geopolitical uncertainties impacting crude oil prices. He emphasized monitoring both monsoon conditions and energy cost