Latest news and articles about Indian rupee from NEX English
India has announced new measures to tighten gold import regulations in a bid to support the Indian rupee amidst escalating tensions in the Middle East. These actions come as Prime Minister Narendra Modi seeks to enhance the country's economic stability.
The NSE Nifty IT index has hit its lowest level since June 2023, reflecting investor anxiety over potential restrictions on the Indian rupee. This decline comes at a critical time for the Indian economy, which is facing multiple challenges.
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.
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.