Forex intervention gains outweigh costs: RBI study – The Times of India

MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors…

Rupee falls to record 85.77 vs $, forex kitty at 8-month low – Times of India

MUMBAI: The rupee closed at a record low of 85.77 against the dollar on Friday, marking its ninth consecutive week of losses. The decline is attributed to the drop in…

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar – Times of India

The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the US dollar in a range-bound trade…