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.
Denne historien er fra December 14, 2024-utgaven av Hindustan Times Jaipur.
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Denne historien er fra December 14, 2024-utgaven av Hindustan Times Jaipur.
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ASHWIN DECLARES HIS IMMEDIATE RETIREMENT FROM INT'L CRICKET AMID AUS SERIES
India's premier off-spinner R Ashwin on Wednesday surprised the cricketing world by announcing his retirement with immediate effect in the middle of the Test series against Australia here.
Political slugfest erupts in Parl over Ambedkar
The Lok Sabha and the Rajya Sabha were adjourned for the day on Wednesday amid heated arguments over home minister Amit Shah's remarks on Dr BR Ambedkar, with the Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday saying the country will not tolerate Babasaheb Ambedkar's insults.
Doval meets Chinese FM; dialogue resumes
Doval arrived in Beijing to take part in the 23rd round of the Special Rep talks that are being held after 5 yrs
India has every reason to be proud: Shahana on Santosh being shortlisted for Oscars nom
Actor Shahana Goswami's film Santosh, has inched closer to being nominated for the International Feature Film category in the 2025 Academy Awards.
Kapil Sharma says 'Don't spread hate' amid criticism for alleged racist remark against Atlee
Comedian-talk show host Kapil Sharma has been facing intense criticism for seemingly making a joke about filmmaker Atlee's appearance on his comedy-talk show, The Great Indian Kapil Show.
Ashwin: Player who never believed in playing it safe
The off-spinner decided to retire from international cricket at the end of the third Test against Australia
UP Police announce ₹25,000 reward for accused in Sunil Pal, Mushtaq Khan abductions
The Meerut Police in Uttar Pradesh has announced a reward of ₹25,000 for information on Lavi Pal, the main accused in the abductions of comedian Sunil Pal and actor Mushtaq Khan.
Rain plays spoilsport as Test ends in draw
India escaped with a crucial draw in the weather-hit third Test against Australia after intermittent rain wiped out the majority of play on Day 5, leaving the five-match series tantalisingly locked at 1-1.
Will go to MCG with confidence: Rohit lauds late order fightback
Indian skipper Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia here on Wednesday, saying it has given the side renewed confidence for the remaining series.
INDIA TO FACE PAK IN INAUGURAL KHO KHO WORLD CUP OPENER ON JAN 13
Hosts India will face arch rivals Pakistan in the opening match of the inaugural Kho Kho World Cup on January 13, the organisers announced on Wednesday.
