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Jaspreet Kalra

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Articles

Rupee ends flat, anchored by RBI intervention in face of global strains

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By Jaspreet Kalra
| MSN Verified
By Jaspreet Kalra MUMBAI, Oct 5 (Reuters) - The Indian rupee ended little changed on Monday, wedged between pressures from a broadly firmer dollar, higher oil prices and likely intervention by the Reserve Bank of India, which kept the currency moored in a thin trading range. The rupee closed at 96.2925 per dollar, barely changed from its close at 96.3150 in the previous session. The dollar started the week on firm footing, hovering near a 17-month high on Monday.
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India Seen Kicking Off Rate Hikes as Inflation Broadens

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By Jaspreet Kalra, Jacqueline Wong, Kim Coghill
| GuruTrade
Nearly 60% of economists expect 25-basis-point hike: Reuters poll A hike would be RBI's first in nearly four years Swap markets pricing about 100 bps of hikes in next 12 months MUMBAI, October 5 (Reuters) - Investors have loaded up on bets that the Reserve Bank of India will ​raise rates this week, warning that it risks falling behind the curve as inflation quickens, growth remains resilient and major central banks turn more ‌hawkish.
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RBI intervention shields rupee as surging dollar, persistent outflows drag

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By Jaspreet Kalra
| MSN Verified
By Jaspreet Kalra MUMBAI, Oct 5 (Reuters) - The Indian rupee held its ground against a broadly stronger dollar on Monday after the Reserve Bank of India stepped in to support the South Asian currency under pressure from persistent global headwinds and foreign outflows from local stocks. The rupee was at 96.2650 per dollar by 11:00 a.m. IST, little changed from its previous close at 96.3150.
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