Latest news and articles about Reserve Bank of India from NEX English
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.
The Reserve Bank of India has announced stringent measures against speculation on the rupee, leading to widespread disruption in financial markets. This move aims to stabilize the Indian currency amid current economic challenges.
The Reserve Bank of India has postponed the implementation of new, stricter rules on trading loans due to severe market fluctuations caused by the ongoing conflict in Iran. This decision aims to alleviate pressure on traders facing economic instability.
The Indian banking system recorded a significant liquidity shortfall of about <strong>659 billion rupees</strong> (equivalent to <strong>7.01 billion dollars</strong>) due to large tax outflows and currency market interventions. Conditions are expected to improve by the end of the month.