The central bank reported for the week ending May 22, foreign currency reserves declined by $7.51 billion to $681.38 billion, compounded by a pullout of investors from Indian stock markets ...

RBI's new swap scheme could nearly double NRI dollar deposit returns from 3% to 6%, beating US yields, by absorbing the currency risk that previously held banks back.

New FCNR and ECB swap windows aim to attract long-term foreign currency deposits and cut hedging costs for banks and companies.

The graph of the Indian rupee has been snaking sharply downward. The rupee-to-dollar exchange rate, or the rupees needed to purchase a U.S. dollar, crossed 96 in May this year. That rate was around 85 ...

A move linked to the aim of reducing transaction costs and easing the pressure on foreign exchange reserves. New provisions ...

MUMBAI, May 4 (Reuters) - India's central bank is studying ways to mobilise dollar inflows to bolster its foreign exchange buffers and cushion rising pressure on the rupee from a spike in oil prices ...

The rupee has gained after Brent crude’s sharp fall, but traders say RBI dollar buying, weak FPI flows and reserve rebuilding ...