The dollar index has rallied more than 3% since Donald Trump won the US presidential election on November 5. The rupee fell just 0.8% at that time, making it the second-best among major Asian currencies, largely due to the RBI's intervention. This intervention has stretched across segments: buying and selling dollars in the onshore spot and forward markets, taking positions in local currency futures and in the non-deliverable forward (NDF) market.
"The amount of intervention has been quite substantial... We can say intervention is a little bit stretched but, at the same time, it is a call that the RBI must take," said B. Prasanna, head of global markets at ICICI Bank.
この記事は Hindustan Times East UP の December 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Hindustan Times East UP の December 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Rain revelry no more; deluge ravaged 24 UP primary schools
In the context of the Indian subcontinent, two things bring unadulterated joy - rain and children.
Govt presents 2nd supplementary budget of Rs 17865.72 crore
The UP government on Tuesday presented its second supplementary budget of Rs 17865.72 crore for 2024-2025, including additional provisions for sprucing up the energy sector, making Prayagraj Mahakumbh secure and magnificent, creating development infrastructure, providing additional funds for maintenance of cows and ensuring the sanctity of examinations.
EDUCATION MIN ANNOUNCES OVERHAUL, NTA TO ONLY CONDUCT ENTRANCES
The National Testing Agency (NTA) will not conduct any recruitment exams starting 2025 and will focus on only higher education entrance exams, Union education minister Dharmendra Pradhan said on Tuesday.
Rahul, Jadeja, tailenders help India avoid follow-on at Gabba
BRISBANE: KL Rahul and Ravindra Jadeja were determination personified as their fighting fifties helped India avoid the follow-on on the fourth day of the weather-hit third Test against a menacing Australia that seems meandering towards a draw.
New Zealand crush England to send Southee out on high
HAMILTON: New Zealand tore through England's batting Tuesday to crush the visitors by 423 runs in the third Test and send Tim Southee into retirement on a triumphant note.
INJURED JOSH HAZLEWOOD TO MISS REST OF INDIA SERIES
Australia pace spearhead Josh Hazlewood is likely to miss the rest of the Test series against India after injuring his right calf during his warm-up before play in Brisbane on Tuesday.
Security concerns hinder AI adoption in India: Report
NEW DELHI: As many as 92% of Indian executives view security vulnerabilities as the foremost challenge to responsible artificial intelligence (AI) adoption, highlighting a pressing need for robust governance frameworks to foster trust and mitigate risks in an increasingly AI-driven landscape, according to a recent report by Deloitte.
Jaitley beats Azad to be re-elected as DDCA president
Incumbent Rohan Jaitley comfortably defeated former India cricketer and Lok Sabha MP Kirti Azad to be elected as the President of the Delhi and Districts Cricket Association (DDCA) for a third successive term.
Banking liquidity deficit hits highest in six months
The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility.
Sebi mulls new platform to trace unclaimed MF folios
THE PLATFORM WOULD ALLOW INVESTORS TO SEARCH FOR FORGOTTEN MF INVESTMENTS, UPDATE KYC
