by Dhara Hariya | Sep 20, 2023 | Forex
In a move aimed at enhancing data quality and monitoring, the Reserve Bank of India (RBI) has instructed credit information companies (CICs) to establish a common Data Quality Index (DQI) for both commercial and microfinance segments. The introduction of DQIs will aid...
by Dhara Hariya | Sep 20, 2023 | Forex
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
by Dhara Hariya | Sep 18, 2023 | Forex
The Reserve Bank of India (RBI) was actively engaged in the foreign exchange market in July, as revealed by the central bank’s monthly bulletin. During the month, the RBI purchased a net total of $3.47 billion, underscoring its efforts to manage currency...
by Dhara Hariya | Sep 18, 2023 | Forex
The Indian rupee faced fresh challenges as it closed at a new record low on Monday, despite support from the Reserve Bank of India (RBI), driven by escalating crude oil prices that heightened demand for the U.S. dollar. Closing at 83.2675 against the U.S. dollar,...
by Dhara Hariya | Sep 15, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), saw a decline to an 11-week low of $593.90 billion as of September 8. This marked a $5 billion decrease from the previous week, following a $4 billion increase in reserves...