Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff
The Indian rupee fell to 84.50 against the US dollar due to rising dollar strength, FPI selling, and geopolitical tensions.
Exclusive: Indian cenbank asks lenders to cut speculative bets against rupee, sources say
The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday ...
India’s forex reserves see sharpest weekly drop on record, hit over four-month low, on stronger dollar, RBI action
Forex reserves have fallen by a total of nearly $30 billion in the last six weeks and are down by $47 billion from the record ...
Currency Market: Rupee trades in narrow range against US dollar
At the interbank foreign exchange, the rupee opened at 84.48 and moved in a tight range and touched 84.47 against the greenback, registering a gain of just 3 paise over its previous close.
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RBI Confirms the Use of Ripple’s XRP Ledger for Digital Rupee Project
Introduced by India's finance minister in February 2020, the Digital Rupee (e₹) is a tokenized digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a Central Bank Digital ...