Even prior to the conflict, the rupee was facing downward pressure due to widening external imbalances and persistent capital outflows. The surge in...

The Indian rupee’s slide toward the 94-per-dollar mark has emerged as one of the most closely watched market signals for investors, policymakers and...

According to forex market participants, the domestic unit remains under pressure due to persistent outflows by foreign investors and the strengthening...

For the moment, it has managed to ensure that consumers are fully protected as the oil retailers and govt will split the burden of higher crude...

The South African rand tumbled sharply today, shedding 1.7% of its value in a single session as a powerful US dollar rally continues to batter...

Until Friday, banks could run net open positions of up to 25% of their net worth. In practice, large lenders often accumulated sizeable long dollar...

Middle East tensions are significantly impacting global financial markets, pushing the Indian Rupee to record lows near 94 against the US dollar. ...

Nairobi -- Energy Cabinet Secretary Opiyo Wandayi has warned Oil Marketing Companies (OMCs) against hoarding fuel, saying offenders risk losing their...