Bhaskar Dutta

India’s rupee strengthened as oil prices dropped on hopes of a US-Iran deal and on comments by the central bank Governor that the currency may be undervalued.

India's rupee strengthened as oil prices dropped on hopes of a US-Iran deal and on comments by the central bank governor that the currency may be undervalued.

Even if the Middle East war ends soon, corporate profits would stay under pressure, BofA says.

A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India’s growth has outstripped even that of manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.

Indonesia and India intervened on Friday to prop up their currencies, which are being pressured by an energy price spike.

Emerging Asian equities rose to a record, propelled by continuing enthusiasm for the artificial intelligence trade that’s bolstered global stocks despite the Iran war.

Traders in Reliance Industries Ltd.’s treasury department are strategizing over where to park the company’s cash in case the Reserve Bank of India starts raising interest rates in the coming months.

The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people familiar with the developments.

A tweak to a single sentence within an arcane central bank circular has opened the door for billions of additional dollars to flow into India under a new incentive plan.

Some Indian lenders have asked the central bank if they can help individuals access loans from overseas banks to bring in more capital under a new plan, according to people familiar with the matter, potentially amplifying inflows into the country.