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India's forex reserves drop to lowest since July 2020

The rupee hit a record low of 83.29 per dollar in that turbulent week, and traders said the RBI had intervened in both the spot and forward markets to contain the slide.

The rupee ended 0.25% higher at 82.47 per dollar this week, ending a run of six straight weeks of declines.(HT_PRINT)
The rupee ended 0.25% higher at 82.47 per dollar this week, ending a run of six straight weeks of declines.(HT_PRINT)
Published on Oct 28, 2022 09:01 PM IST

Morning brief: Chidambaram suggests PM meets Raghuram Rajan to discuss rupee

Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.

India’s former Reserve Bank of India (RBI) Governor Raghuram Rajan. (Reuters)
India’s former Reserve Bank of India (RBI) Governor Raghuram Rajan. (Reuters)
Published on Oct 21, 2022 08:55 AM IST

Kharge tweets on falling rupee, BJP's Malviya hits back: ‘Aap Cong ki girawat…

BJP IT-cell chief Amit Malviya shared an infographic on Twitter, which showed rupee depreciation against the US dollar in comparison to other currencies such as the Euro, Great Britain pound and Australian dollar, among others.

BJP's IT-cell head Amit Malviya and Congress president Mallikarjun Kharge.
BJP's IT-cell head Amit Malviya and Congress president Mallikarjun Kharge.
Updated on Oct 20, 2022 08:18 PM IST

Rupee marginally recovers from record low after RBI intervention: Report

The RBI likely sold dollars via state-run banks at 82.60-82.65 levels, traders had told Reuters, as a U.S. jobs report firmed bets of more aggressive rate hikes by the Federal Reserve and prompted a sell-off in Asian assets.

The partially convertible rupee pared all its losses to close unchanged at 82.32 per dollar, pulling back from a record low of 82.6825 hit in early morning trades.(REUTERS)
The partially convertible rupee pared all its losses to close unchanged at 82.32 per dollar, pulling back from a record low of 82.6825 hit in early morning trades.(REUTERS)
Updated on Oct 20, 2022 10:32 AM IST

Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar

On Friday, the rupee depreciated further by 13 paise to hit a new lifetime closing low of 82.30 against the US dollar.

India's forex reserves dropped by USD 4.854 billion to USD 532.664 billion as on September 30, the Reserve Bank said on Friday.
India's forex reserves dropped by USD 4.854 billion to USD 532.664 billion as on September 30, the Reserve Bank said on Friday.
Published on Oct 10, 2022 09:57 AM IST
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