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According to some analysts, the rupee’s biggest rally in seven years will give the Reserve Bank of India scope to rebuild its forex reserves, potentially limiting further gains after the boost from the India-US trade deal. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its…
The Reserve Bank of India sold dollars ahead of the opening of local spot markets on Thursday to support the rupee, three traders said. The rupee has fallen 5% against the US dollar after Donald Trump imposed 50% tariffs on India’s exports to its biggest market. (Reuters) The rupee today fell to 91.98/dollar, surpassing the…
India’s stock market recorded its biggest one-day fall in four months on Thursday, including heavyweight Reliance Industries Ltd, as uncertainty over US tariffs fueled widespread selling. Bombay Stock Exchange Building on Dalal Street in South Mumbai. (PTI) The 30-share S&P BSE Sensex fell 0.92% or 780.18 points to 84,180.96, while the broader NSE Nifty 50…
