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Reserve Bank of India net sold $6.5 billion in August, shows data

The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. Photograph: Shailesh Andrade/Reuters During the current financial year up......

Rupee overvalued vs key currencies despite new lows against $

The rupee remains overvalued against the currencies of India’s trading partners, even as it hit record lows against the dollar in August and September. Illustration: Uttam Ghosh/Rediff.com......

DON'T WORRY About The Rupee!

The currency market won't care for our moans, groans, cries and sighs.The rupee will find its own level, explains Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com This is an......

RBI's criticism for 'delayed' rate hike unfair, says D Subbarao

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it......

Why RBI wants rupee to remain weak for some more time

The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that ‘Atmanirbhar Bharat’ strategy. A deluge of foreign fund inflow in India’s equity......

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News for Reer

Reserve Bank of India net sold $6.5 billion in August, shows data

Rupee overvalued vs key currencies despite new lows against $

DON'T WORRY About The Rupee!

RBI's criticism for 'delayed' rate hike unfair, says D Subbarao

Why RBI wants rupee to remain weak for some more time

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