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Rupee Set to Weaken Beyond 80 per Dollar, Bank of America Says

India’s rupee may extend declines to a record-low 81 per dollar by year-end due to rising prices of crude and other raw materials, according to Bank of America. ....

United States , Abhay Gupta , Federal Reserve , Bofa Securities , Reserve Bank , Rbi In ,

India Proposes Settling Russia Trade in Rupees as Purchases Rise

India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil and weapons from the sanctions-hit country. ....

New Delhi , Narendra Modi , Representatives For The Reserve Bank , South Asian , Minister Narendra Modi , Cheaper Russian , Reserve Bank , Finance Ministry , Rbi In , Sber Rm , Vtbr Rm ,

Millennials Hunting Returns Drive Risk-Hungry Investing in India

An impatient Indian investor class, largely driven by millennials, is leaping into riskier investments from peer-to-peer lending to cryptocurrencies in the hope of boosting returns rocked by one of the worst inflation rates in Asia. ....

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Historic Rupee Low Forecasts Grow as Oil Costs Widen Deficits

The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets. ....

South Korea , Divya Devesh , Rohit Arora , Shaktikanta Das , Melbourne Institute Inflation , Standard Chartered Plc , Ubs Ag , Nomura Holdings Inc , Nomura Holdings , Reserve Bank , India Governor Shaktikanta Das , Standard Chartered , Caixin China , Melbourne Institute , 8604 Jp , Rbi In ,

Sri Lanka Looks to Rely More on India Until IMF Funding Agreed

Sri Lanka is counting on more help from India until it secures an International Monetary Fund program that’s hoped would unlock aid from other lenders to help face the worst economic crisis of its independent history. ....

Sri Lanka , Nirmala Sitharaman , Ranil Wickremesinghe , Gotabaya Rajapaksa , Milinda Moragoda , Nandalal Weerasinghe , International Monetary Fund , World Bank , Asian Development Bank , South Asian , President Gotabaya , Prime Minister Ranil Wickremesinghe , High Commissioner , Finance Minister Nirmala Sitharaman , New Delhi , Reserve Bank , 81074z Pm , Rbi In ,