The Reserve Bank of India should temper its currency intervention efforts, and continue with measures to open up the nation’s markets, a former governor said, about a month after the monetary authority imposed sweeping curbs to support a struggling rupee.
The Reserve Bank of India should temper its currency intervention efforts, and continue with measures to open up the nation’s markets, a former governor said, about a month after the monetary authority imposed sweeping curbs to support a struggling rupee.
Duvvuri Subbarao in 2013. Photographer: Kuni Takahashi/Bloomberg
India’s central bank is weighing a plan for state lenders to sell foreign-currency bonds, mulling a tool last used nearly three decades ago to draw capital inflows and shore up the beleaguered rupee, according to people familiar with the matter.
India’s central bank is weighing a plan for state lenders to sell foreign-currency bonds, mulling a tool last used nearly three decades ago to draw capital inflows and shore up the beleaguered rupee, according to people familiar with the matter.
India is planning an electronic platform for trading bond forwards, according to people familiar with the matter, in a bid to improve price discovery in a market that operates largely over the counter.
India is planning an electronic platform for trading bond forwards, according to people familiar with the matter, in a bid to improve price discovery in a market that operates largely over the counter.
Most emerging-market currencies weakened on Monday as Iran fired missiles at the United Arab Emirates for the first time in almost a month, weakening an already fragile ceasefire, while optimism over artificial intelligence buoyed stock markets in Asia.
Most emerging-market currencies weakened on Monday as Iran fired missiles at the United Arab Emirates for the first time in almost a month, weakening an already fragile ceasefire, while optimism over artificial intelligence buoyed stock markets in Asia.
A screen displays the exchange rate between the South Korean won and U.S. dollar, left, the Korea Composite Stock Price Index (KOSPI) and the Korean Securities Dealers Automated Quotations (KOSDAQ) inside a trading room at Hana Bank in Seoul, South Korea, on Tuesday, April 14, 2026. Asian stocks advanced and crude oil extended declines as President Donald Trump raised hopes for an Iran deal, even as a blockade of the Strait of Hormuz took effect. Photographer: SeongJoon Cho/Bloomberg
India’s central bank-supervised clearinghouse is making changes to its trade reporting system to bring it more in line with global standards and to make it easier for lenders to disclose their offshore rupee trades, according to people familiar with the matter.
India’s central bank-supervised clearinghouse is making changes to its trade reporting system to bring it more in line with global standards and to make it easier for lenders to disclose their offshore rupee trades, according to people familiar with the matter.
India’s sovereign debt clearinghouse sent an application to European authorities to be recognized as a permitted trading counterparty, according to people familiar with the developments, potentially paving the way for lenders like Deutsche Bank AG and BNP Paribas SA to trade bonds more easily in the country.
India’s sovereign debt clearinghouse sent an application to European authorities to be recognized as a permitted trading counterparty, according to people familiar with the developments, potentially paving the way for lenders like Deutsche Bank AG and BNP Paribas SA to trade bonds more easily in the country.
India’s sovereign debt clearinghouse sent an application to European authorities to be recognized as a permitted trading counterparty, according to people familiar with the developments, potentially paving the way for lenders like Deutsche Bank AG and BNP Paribas SA to trade bonds more easily in the country.
India’s sovereign debt clearinghouse sent an application to European authorities to be recognized as a permitted trading counterparty, according to people familiar with the developments, potentially paving the way for lenders like Deutsche Bank AG and BNP Paribas SA to trade bonds more easily in the country.
India’s central bank eased some restrictions on lenders’ currency market transactions, signaling a partial rollback in some of its most aggressive steps in decades to defend the rupee.
India’s central bank eased some restrictions on lenders’ currency market transactions, signaling a partial rollback in some of its most aggressive steps in decades to defend the rupee.
The Reserve Bank of India (RBI) headquarters in Mumbai, India, on Wednesday, April 8, 2026. The RBI held interest rates in its first policy decision since the Middle East crisis erupted, as it grapples with a sharply weaker rupee while trying to support economic growth.
India’s central bank is seeking input from commercial lenders on how they can bring in larger and more stable deposits, as a shift in household savings into equities and other investment products threatens to snowball into a bigger problem for the country’s banks.
India’s central bank is seeking input from commercial lenders on how they can bring in larger and more stable deposits, as a shift in household savings into equities and other investment products threatens to snowball into a bigger problem for the country’s banks.
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A customer counts 100 rupee banknotes after withdrawing them from an ATM in New Delhi, India, on Monday, Feb. 3, 2025. The Indian rupee is expected to weaken further against the dollar, after hitting a new low Monday, as traders bet on interest-rate cuts amid signs the central bank is loosening its grip on the currency under its new chief. Photographer: Prakash Singh/Bloomberg
Emerging-market stocks rallied Friday, recording their biggest weekly advance since the Covid era, as optimism grew that the fragile ceasefire in the Middle East will hold.
Emerging-market stocks rallied Friday, recording their biggest weekly advance since the Covid era, as optimism grew that the fragile ceasefire in the Middle East will hold.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
500 rupee banknotes counted by a cash counting machine at a currency exchange in New Delhi, India, on Saturday, Aug. 30, 2025. The Indian rupee slumped to a record low versus the dollar on concern that 50% US tariffs will hurt the country’s economic growth and corporate earnings. Photographer: Prakash Singh/Bloomberg
The Indian rupee posted its biggest gain in more than 12 years after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.
The Indian rupee posted its biggest gain in more than 12 years after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.
The Reserve Bank of India (RBI) headquarters in Mumbai. Photographer: Dhiraj Singh/Bloomberg
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