RBI parachute gives falling rupee a glide path to avoid 84/$ breach

September 11, 2024

The Reserve Bank of India has been actively intervening in the currency market to prevent the rupee from breaching the 84 per dollar mark. This strategy involves selling and purchasing dollars to maintain exchange-rate stability amid a broader trade deficit and global economic uncertainties.

More To Explore

HDFC Bank declares Rs 22 dividend for FY25, fixes June 27 as record date

HDFC Bank announced a dividend of Rs 22 per share for eligible shareholders, setting June 27, 2025, as the record date. The bank’s Q4 results

April 19, 2025

Smallcap stocks deliver weekly gains of up to 30% in 3-day truncated week

Indian markets posted a strong rebound in the holiday-shortened three-day trading week, with benchmark indices rallying over 4.5% on the back of positive cues from

April 19, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003