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Rupee depreciates 43 paise to 79.60 against US dollar in early trade The rupee depreciated by 43 paise to 79.60 against the US dollar in opening trade on Wednesday, as higher-than-expected US CPI print resulted in massive risk-off sentiments. At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, ...

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RBI may hike repo rates by 50 bps with inflation accelerating: Analysts MUMBAI (Reuters) – The Reserve Bank of India may raise interest rates by another 50 basis points this month after data showed inflation rose further above the central bank’s tolerance limit in August, analysts said. India’s retail inflation rate rose to 7.0% in August from ...

Irdai reduces number of returns to be filed for health insurance Easing compliance burden for insurers, regulator Irdai on Tuesday rationalised health insurance business returns reporting norm by reducing the number of returns that need to be filed in a year. Insurance Regulatory and Development Authority of India (Irdai) said the move is part of promoting ease ...

Rupee doesn’t need defending, it can take care of itself: CEA Nageswaran India is not defending the rupee and the Reserve Bank of India (RBI) is only taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday. “I ...

Bond yields drop, rupee logs biggest single-day gain since July 27 Government bonds and the rupee strengthened sharply on Tuesday as optimism over the prospect of Indian sovereign debt being included in a global bond index spurred hefty overseas investment in domestic assets, dealers said. The rise in bond prices came despite an increase in India’s consumer ...

RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards With retail inflation surprising on the upside, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to increase the repo rate by 35-50 basis points (bps) in the review scheduled for September 28-30. According to economists, the central ...

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting Rupee climbs to 5-week high on dollar inflows, breaches key level The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets. The rupee closed at 79.1475 per U.S. dollar, compared ...

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Rupee climbs to 5-week high on dollar inflows, breaches key level The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets. The rupee closed at 79.1475 per U.S. dollar, compared with the previous close of 79.5225, notching up its best session this ...