Indian rupee

Latest news and articles about Indian rupee from NEX English

Central Bank of India Criticizes Forex Market Practices

A senior official from the Reserve Bank of India has criticized foreign exchange market makers for their role in exacerbating the weakness of the Indian rupee amid tensions in the Middle East. This comes as the central bank continues its strong message to defend the currency.

Expect weak fourth-quarter forecasts for Indian IT firms

Major Indian IT companies are facing significant challenges in the fourth quarter, with revenues and profits expected to rise by only 10% year-on-year. This is primarily due to the weakening Indian rupee and concerns over war and discretionary spending.