Tag Archives: foreign portfolio outflows

MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank of India through state-run banks …

MUMBAI: India’s economy continues to display remarkable resilience amid global uncertainty, with growth underpinned by strong agricultural output and recovering consumption, the Reserve Bank of India (RBI) noted in its State of the Economy report.Key sectors – including agriculture, construction, financial services, and trade – remain buoyant. The country is benefitting from easing inflation, robust tax revenues, and sustained strength …