rupee

The Reserve Bank of India (RBI) is among the banks in India looking to rapidly increase the country’s digital currency trading volumes and promote the use of Central Bank Digital Currency (CBDC) e-rupee. Incentives such as cashback along with reward...

Consumer spending in Europe is experiencing a significant decline, as a combination of inflation andeconomic recession puts pressure on households to cut back on both essential food items anddiscretionary purchases. Europe’s economic recovery is facing challenges due to China’s...

India’s rupee is on the rise, tracking further losses in the U.S. dollar as the Federal Reserve’s outlook remains uncertain, Reuters reports. Why It Matters: The rupee has been strengthening against the dollar, a trend that could continue if the U.S. Federal Reserve maintains its dovish...

The slump in the Indian rupee’s volatility has traders worldwide questioning when the Reserve Bank of India (RBI) will ease its control, despite a global decrease in currency volatility. The RBI’s interventions have kept the rupee in a narrow range, leading to the lowest one-month...

The Indian rupee is expected to continue its decline following the release of the U.S. Federal Reserve’s June meeting minutes, which indicated the likelihood of more rate hikes this year, Reuters reports. Impact of Fed’s Decision Non-deliverable forwards suggest the rupee will open at...

The Reserve Bank of India, the Indian central bank, hiked the repo rate by 50 basis points to 5.4% as the Monetary Policy Committee agreed on the withdrawal of accommodation so that inflation remains within the target going forward while supporting growth. RBI Governor Shaktikanta Das stated that...

The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country’s trade deficit widened to a record $31 billion. The figure sparked concerns among traders about how India will fund its current account deficit (CAD). What Happened: Government...

After a tumultuous and volatile start to 2016, Asia's market calmed down and then took a back seat on the international stage, which became fixated on the Brexit vote and then President-elect Donald Trump's run to the White House. Here is Bloomberg's look at how Asia's largest economies performed...