Rupee gains 145 paise in two trading sessions, but disquiet sets in forex market
Rupee climbs but market nerves grow as RBI curbs forex speculation with new measures and FERR requirements.
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Rupee perks up 96 paise on RBI’s weekend measures
Rupee gains after RBI weekend measures curb volatility, with mixed gilt yields and factors shaping near-term USD/INR dynamics.
RBI tightens forex derivatives framework to ensure orderly functioning of market
RBI tightens fx derivatives rules with a 20% cash FERR for large trades and opens a daily USD window for three PSUs.
RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11
Revised rates to take effect from October 11; 24–35 months and 15 months digital fixed deposits to earn 7.5%.
Market wrap: Infosys, Tech Mahindra, Adani Ent, ITC top gainers and losers on Nifty and Sensex on Thursday
Indian markets extended their sell-off as the RBIs hawkish policy stance pressured rate-sensitive sectors and reset near-term valuations. The Nifty fell 1.64% to 22,231.80, while the Sensex dropped 1.46% to 71,593.24, with metals and realty leading losses.
Rupee falls 13 paise to close at 96.88 against US dollar
Rupee slips 13 paise to 96.88/USD amid global risk-off, RBI support eyed as crude climbs and US dollar strengthens.
RBI intervention halts rupee's slide to record low, risks linger
The Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, traders remain wary regarding the future of the currency. Many market players doubt that a central bank interest rate hike will stem capital flight, while escala…
Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty
State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time. He emphasized that ba…
