FCNR-B deposit scheme—what it does and what it won’t
The RBI’s latest FCNR-B deposit scheme is designed to attract dollars at a time when global uncertainty and crude oil volatility threaten […]
Rupee
RBI’s Rupee Defence: A Familiar Strategy From the 2013 Playbook
The RBI has revived one of its most successful crisis-era tools to support the rupee. But while the medicine looks familiar, the illness is very different.
Why the Indian Rupee Fell to 84.62
On May 7, 2025, the Indian rupee opened 19 paise lower at 84.62 per US dollar, a notable slide from
The Rupee’s fall to 87: What does it signal for the economy?
At the heart of the rupee’s struggles is the ongoing trade war, particularly the new tariffs imposed by the United States. President Donald Trump’s 25% levy on imports from Mexico and Canada, along with the 10% tariff on Chinese goods, has triggered retaliatory actions from these nations, exacerbating global market uncertainty.
Rupee breaches 87-mark against dollar for the first time: What’s driving the decline?
Trump’s executive orders have slapped a 25% tariff on most goods from Mexico and Canada and a 10% levy on Chinese imports.
Should the RBI Keep Propping Up the Rupee?
A sharply depreciating rupee sends all the wrong messages—higher risks, reduced returns, and an economy struggling to keep up. Left unchecked, it can trigger capital outflows, destabilizing markets and worsening the current account deficit. The RBI’s interventions reassure investors, acting as a firewall against such outcomes.
India’s Forex Reserves Fall to 10-Month Low Amid Rupee Pressure
India’s forex reserves fell to a 10 month low as RBI sold dollars to support Rupee
Rupee recovers from record low to settle 17 paise higher at 86.53 against US dollar
Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds.
Rupee falls to record low to 86.70 against US dollar
The Indian rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.
RBI on a spelling spree to support Rupee, say traders
The US dollar surged on expectations that the Federal Reserve will not cut rates by much this year, Reuters reported quoting traders.