India’s central bank stepped up its defense of the battered rupee, rolling out a measure to curb speculation after it slid to a new low amid concerns of a widening trade gap driven by the US-Iran war.
India’s central bank stepped up its defense of the battered rupee, rolling out a measure to curb speculation after it slid to a new low amid concerns of a widening trade gap driven by the US-Iran war.
The Reserve Bank of India (RBI) headquarters in Mumbai, Friday, Feb. 6, 2026. The Reserve Bank of India kept its benchmark interest rate unchanged on Friday, signaling an end to its easing cycle as the economy gets a boost from higher government spending and a surprise US trade deal to lower tariffs.
India will borrow 8.2 trillion rupees ($86.5 billion) in the first half of the financial year beginning April 1, around half of the amount scheduled for the full 12-month period, the government said in a statement Friday.
India will borrow 8.2 trillion rupees ($86.5 billion) in the first half of the financial year beginning April 1, around half of the amount scheduled for the full 12-month period, the government said in a statement Friday.
India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and trade deficit.
India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and trade deficit.
Anmelden
