The RBI likely intervened near 83.50 levels earlier in the session to cap weakness in the rupee but interbank dollar sales picked up after the mid-day fix, which helped the currency gain, traders said. The fix is a daily reference rate for the dollar-rupee pair published by the central bank.
rupee rate today: Rupee ends flat as foreign banks dollar buys eat into uptick indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The Indian rupee is likely to take cues from its Asian peers, while government bonds will eye movement in Treasury yields after U.S. economic data raised investor expectations that the Federal. -May 05, 2024 at 10:02 pm EDT
- MarketScreener
RBI gives 1-month breather to forex traders financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
MUMBAI -The Reserve Bank of India on Thursday delayed the implementation of its consolidated directions for exchange-traded currency derivatives by a month, a move that should ease the panic seen in.