The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions.

The Reserve Bank of India (RBI) on Thursday announced steps to encourage cost-border transactions using Indian Rupee and local/ national currencies. These liberalised norms come at a time when ...

It has also revised its 2025 USD-INR forecast, given increased external-sector volatility, evidence of the Reserve Bank of India’s (RBI’s) higher tolerance of a stronger USD, and tighter ...

The excessive exchange-rate stability of the past two years may have come at huge cost to the economy. For two years the rupee was stable. So stable that the International Monetary Fund ...

with the central banks of the United Arab Emirates, Indonesia and Maldives to encourage cross-border transactions in local currencies, including Indian Rupee.

The central bank "seems to be protecting the 86.50 level so we could see it (USD/INR) dip towards the end of the session," a trader at a private bank said. The dollar index was at 109.1 ...

The Indian rupee strengthened for the second day, closing at 86.40 against the US dollar, driven by positive domestic equities and softening crude oil prices. Mumbai, Jan 15 (PTI) The rupee extended ...

The Indian rupee opened stronger on Wednesday (January 15), gaining 15 paise to trade at 86.49 against the US dollar. This recovery follows Tuesday’s (January 14's) close at 86.64 and comes after the ...

Muscat: Indian rupee witnessed the steepest fall in the last two years on Monday to hit a record low of 86.59 against US dollar. The money exchange houses offered 224.05 for one Omani rial. Speaking ...

Gold prices in Pakistan experienced a consecutive second day of decline on Tuesday, mirroring a similar trend in international markets. The price per tola dropped by Rs1,400, settling at Rs277,900 ...

The freefall of Indian Rupee against US Dollar in the past few days is primary due to better-than-expected US jobs data, which could mean that the Federal Reserve could go for lesser interest rate cut ...