Dollar shortages in India’s banking system and weakness in the rupee are being attributed to dollar purchases by the Reserve Bank of India to stem inflows from foreign investments, analysts said. Despite almost $11bn flowing into the country’s foreign exchange reserves so far in May, the rupee has surrendered all gains this year in a bid to curb sharp appreciation and boost flagging exports. Analysts said investors are also watching a possible hike by the US Fed in June, which would add further pressure on the rupee.
Silver and gold ETFs fall up to 4% ahead of Fed decision. What investors should do
Silver and gold ETFs fell nearly 4% on Wednesday, tracking a mild decline in MCX prices as investors turned cautious ahead of the U.S. Federal
March 18, 2026