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Goldman Sachs favours Euro for its favorite carry trade, the Rupee
Goldman Sachs carry trades the Rupee using Euros, betting the European Central Bank will further reduce interest rates, while the RBI keeps the Rupee stable.
Published on Jun 28, 2024 08:46 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
India's foreign exchange reserves rise by $810 mn to $653.7 bn on June 21: RBI
India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.
Published on Jun 28, 2024 08:08 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Rupee hits record low against US dollar, weakens past 83.58
At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback.
Published on Jun 20, 2024 02:34 PM IST
PTI |
India’s foreign exchange reserves rise to new record after elections
The rupee weakened this week, like other emerging markets currencies, closing at 83.5612 a dollar on Friday.
Published on Jun 15, 2024 05:02 PM IST
Bloomberg |
Rupee's stability & cost makes it attractive for carry trade, Bank of America
The Indian rupee is stable and inexpensive compared to its emerging market peers
Published on Jun 10, 2024 05:00 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
