Kotak said that if markets do not know of a level the policy maker is trying to justify, 'the markets will be guessing' (Oct 13): Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guess»»»

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday dismissed report claiming that it may have sold gold worth about $12 billion to bolster foreign exchange reserves and support the rupee amid economic pressures linked to the ongoing US-Iran conflict.In a press release, RBI said, "The Reserve B»»»

New Delhi [India], May 14 (ANI): The Indian rupee could face further depreciation if the West Asia conflict continues for a prolonged period, with higher crude oil prices likely to keep pressure on India's economy and external balances, according to an ICICI Bank research report.The report said tha»»»

Add TNIE As A Trusted Source NEW DELHI: The ongoing West Asia conflict and disruptions in the Strait of Hormuz are emerging as a major risk for the Indian economy, with elevated crude oil prices likely to pressure inflation, the rupee, and the current account, according to a report by Union Bank of»»»