The Indian rupee is likely to strengthen sharply if the Bharatiya Janata Party's Narendra Modi becomes the country's next prime minister after upcoming elections, a report has said.
Opinion polls show the BJP is pois
Indian inflation likely edged up to a sixth-month high in August, driven by higher food prices and as the battered rupee made key imports such as fuel costlier, a Reuters poll found.
Wholesale prices, India's key inflation mea
Dubai Gold and Commodities Exchange (DGCX) said its year-to-date volumes surpassed the 10 million mark for the first time last month.
The milestone was achieved in 164 trading days, while the total volumes stood at 10.37 million c
India's new central bank chief kicked-off his term with a bang, announcing a spate of measures to support the embattled rupee and unveiling a raft of steps to liberalise financial markets and the banking sector.
In an unexpect
The Indian rupee staged a sharp recovery on Wednesday after suspected heavy dollar selling by the central bank, preventing the battered currency from slipping to a record low on the same day that the authority ushers in a new governor.
The rupee slid towards a record low against the dollar on Wednesday, providing the incoming governor of the country's central bank with a test of fire as he takes over in the middle of a slump in confidence in the economy and its currency.
India's prime minister sought to quell fears of a currency crisis yesterday as economic growth fell to a four-year low, while New Delhi raised prospects of joint intervention with other countries following the rupee's crash to record low
The patriotism of wealthy overseas Indians has helped the country avert economic crises in the past and it is little surprise that embattled policymakers are turning to them again to plug a record trade gap that is battering the rupee.
The Indian rupee slid back towards a record low on Friday, with investors braced for a statement on the state of economy from Prime Minister Manmohan Singh and the release of data that was expected to show the country in the grip of a protracted
The Indian rupee rebounded on Thursday from a record low after the central bank's move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.