To get a sense of the pressure India’s financial markets were straining under before a wave of support measures announced last week, look no further than the record amounts of dollars the central bank had committed to support the beleaguered rupee.
To get a sense of the pressure India’s financial markets were straining under before a wave of support measures announced last week, look no further than the record amounts of dollars the central bank had committed to support the beleaguered rupee.
Traders in Reliance Industries Ltd.’s treasury department are strategizing over where to park the company’s cash in case the Reserve Bank of India starts raising interest rates in the coming months.
Traders in Reliance Industries Ltd.’s treasury department are strategizing over where to park the company’s cash in case the Reserve Bank of India starts raising interest rates in the coming months.
Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”
Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”
Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”
Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India’s growth has outstripped even that of 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’s growth has outstripped even that of manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
Bundles of rupee banknotes in New Delhi. Photographer: Prakash Singh/Bloomberg
Even if the Middle East war ends soon, corporate profits would stay under pressure, BofA says.
Workers assemble a vehicle at a VinFast Auto Ltd. factory in Thoothukudi, Tamil Nadu, India, on Monday, Aug. 4, 2025. Vietnamese electric vehicle maker VinFast sees its new India factory as key to entering South Asia, the Middle East and Africa, Asia Chief Executive Officer Pham Sanh Chau said, as it begins a $500 million push to crack the world’s third-biggest car market. Photographer: Dhiraj Singh/Bloomberg
India’s rupee strengthened as oil prices dropped on hopes of a US-Iran deal and on comments by the central bank Governor that the currency may be undervalued.
India’s rupee strengthened as oil prices dropped on hopes of a US-Iran deal and on comments by the central bank Governor that the currency may be undervalued.
Bundles of 500 and 100 rupee banknotes 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
Emerging-market stocks and currencies gained on the week as investors grew increasingly hopeful that the US and Iran are moving closer to a peace deal.
Emerging-market stocks and currencies gained on the week as investors grew increasingly hopeful that the US and Iran are moving closer to a peace deal.
India’s rupee advanced the most in Asia after the central bank intervened and as policymakers are said to be considering options, including an interest-rate hike, to defend the currency.
India’s rupee advanced the most in Asia after the central bank intervened and as policymakers are said to be considering options, including an interest-rate hike, to defend the currency.
Bundles of 500 and 100 rupee banknotes 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 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.
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