Markets

India Is Working On A Big Plan To Boost The Rupee

India’s rupee has faced a lot of volatilityover the past few months. But some believe the worst is over. Demand at government bond auctions is up after months of failed auctions, the Wall Street Journal reported. The rupee has gained nearly 9.2% since lows in the beginning of September. But […]
India Is Working On A Big Plan To Boost The Rupee
Markets

The Indian Rupee Just Had Its Best Day In 4 Years

The Indian rupee rollercoaster ride continues. After booking its biggest loss in years 18 years, the rupee surged 3.2% against the dollar today. This was the biggest gain since May 2009. Late Wednesday, the Reserve Bank of India said it will enter into USD-INR swaps with state-owned oil-marketing companies. “The […]
The Indian Rupee Just Had Its Best Day In 4 Years
Markets

India Is Scrambling To Figure Out What To Do About Its Tumbling Rupee

India’s finance minister P. Chidambaram met with top bankers Saturday to discuss ways to boost the weak rupee and bring in more foreign capital to bridge a trade gap that has put pressure on the currency. Chidambaram was accompanied by top officials at the meeting in India’s financial hub of […]
India Is Scrambling To Figure Out What To Do About Its Tumbling Rupee