Rupee gains 28 paise to close at 92.90 against US dollar; RBI measures aid recovery despite global pressures – The Times of India

Rupee gains 28 paise to close at 92.90 against US dollar; RBI measures aid recovery despite global pressures – The Times of India

The rupee appreciated by 28 paise to close at 92.90 against the US dollar on Monday, supported by the Reserve Bank’s measures aimed at curbing speculative activity and reducing volatility, PTI reported.Forex traders said that while the RBI’s actions are positive for the currency, continued foreign fund outflows, a firm dollar and elevated crude oil…

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RBI export relief: Longer repatriation window may hit rupee; exporters may delay dollar conversions – The Times of India

RBI export relief: Longer repatriation window may hit rupee; exporters may delay dollar conversions – The Times of India

The Reserve Bank of India’s latest export relief package could weigh on the rupee in the near term, with bankers warning that exporters may now delay bringing back their foreign earnings.The measures, announced on Friday, aim to help Indian exporters manage the impact of steep U.S. tariffs but may reduce immediate dollar supply in the…

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