Currency Updates ( for 5 July 2022) § System liquidity surplus to improve this week. The system liquidity surplus (adjusted for CRR build-up) came marginally higher than our expectations led by improved government spending. On a WoW basis, the average liquidity surplus last week increased to Rs2.53 tn from Rs2.08 tn surplus in the previous […]
Read more..Rupee heading towards 80 Forex reserves slip to $596.458 bln India’s foreign exchange reserves extended downtrend for the second consecutive week ending June 10, 2022. RBI’s data on Friday sIn the week ending June 10, India’s forex reserves stood at $596.458 billion – declining by $4.599 billion compared to reserves of $601.057 billion in the […]
Read more..The Comment on ‘Indian Rupee’ from KVS Manian, Whole Time Director & Member of the Group Management Council at Kotak Mahindra Bank: “The forex markets and dealers seem relatively more spooked by the surge in Covid cases and hence this Rupee weakness may be purely sentiment driven unless there have been some large flows impacting the […]
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