Indian Rupee
4 stories
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financeIndia Scraps Taxes on Foreign Bond Investments to Stabilize the Rupee
India exempts foreign investors from capital gains and withholding tax on government bonds, aiming to boost capital inflows and shore up the weakening rupee.
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financeRBI Sells $9.8B as Rupee Plunges 4% in March, Sharpest Drop Since 2019
The Reserve Bank of India intervenes aggressively as the rupee suffers its steepest monthly decline in seven years, driven by the Iran conflict and surging crude prices.
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financeRBI Revives Pre-Market Intervention to Stem Rupee's Slide
The Reserve Bank of India is actively selling dollars before official trading hours and capping bank positions to stabilize the rupee near record lows of 95-96 per USD.
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financeAsian Currencies Hit Multiyear Lows as Oil and Yields Surge
Rising crude prices and US Treasury yields are driving capital back to the dollar, pressuring Asian currencies.