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…
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…
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…