RBI Likely Intervenes to Support Rupee as It Battles Pressures Near 95.56 Level, Traders Say

The Indian central bank likely stepped in to the foreign exchange market on Wednesday to support the rupee, three traders told Reuters, as maturing contracts in the non-deliverable forwards market exerted pressure on the currency.The rupee was at 95.27, up modestly on the day aft

Read More

  • Related Posts

    India Reclaims $5 Trillion Market Cap: Oil Price Dip and US-Iran Deal Drive Rebound

    Indian equity markets have regained the $5 trillion market capitalization threshold, thus marking a significant recovery for the domestic bourse. Following a period of volatility driven by the West Asia conflict and high energy prices, the valuation surge renews investor confiden Read More

    Leaked OpenAI Financials Reveal $34 Billion Spend and Massive Annual Losses Ahead of IPO

    Audited financial documents for 2025, verified by the Financial Times, reveal that OpenAI faced significant financial challenges despite surging revenue. The company reported $13.07 billion in revenue, more than triple its 2024 figures, but total costs and expenses reached $34 bi Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *