Reserve Bank of India holds rates at 5.25%, unveils measures to support falling rupee

RBI's measures to support the rupee highlight the delicate balance between curbing inflation and sustaining economic growth amid global instability. The post Reserve Bank of India holds rates steady, unveils measures to support rupee appeared first on Crypto Briefing.

India's tax exemption on foreign bond investments aims to attract capital inflow, potentially stabilizing the rupee amid economic pressures. The post India scraps taxes on foreign investments in bonds to stabilize rupee appeared first on Crypto Briefing.

India's rescue package may stabilize the rupee but could tighten liquidity, impacting investment flows and potentially boosting digital assets. The post India prepares rescue package to prevent currency crisis amid capital flight appeared first on Crypto Briefing.

RBI's gold reserve strategy underscores a commitment to economic stability, signaling a preference for safeguarding assets amid currency volatility. The post Reserve Bank of India denies media report of $12B gold sale, calls claims baseless appeared first on Crypto Briefing.

RBI's gold reserve strategy underscores a commitment to economic stability, signaling a preference for safeguarding assets amid currency volatility. The post Reserve Bank of India denies media report of $12B gold sale appeared first on Crypto Briefing.

As part of its further expansion into India, one of the world’s most rapidly developing marketplaces for digital assets, Coinbase has allowed direct rupee bank rails, facilitating the transfer of funds between local users’ bank accounts and the cryptocurrency markets on the exchange. In a blog post published on Sunday,

The post Coinbase INR support India: IMPS rupee deposits and withdrawals appeared on BitcoinEthereumNews.com. Coinbase INR support India is finally live in a form many users have been waiting for: direct rupee transfers. On June 1, Coinbase launched direct Indian rupee support in India, letting customers deposit and withdraw funds through IMPS instead of relying on awkward peer-to-peer routes to move money in and out. That may sound technical, but the shift is straightforward. Indian users now have a direct banking rail for rupee transfers on Coinbase, and that matters because payment friction has long shaped the day-to-day crypto experience in the country. It also gives the launch a comeback feel. Coinbase’s earlier push into India hit a wall in 2022 when its attempted UPI rollout unraveled quickly. This time, the company has returned with a different payments route, a compliance footing through FIU-IND registration, and a clearer bid to compete in one of crypto’s most active retail m

The post Indian Rupee extends gains at the start of RBI policy week appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) at the start of the Reserve Bank of India (RBI) policy week. The USD/INR pair slides to near 94.78 as the Indian currency strengthens further amid solid hopes over the United States (US)-Iran permanent peace deal, even as oil prices have bounced back. At press time, the WTI Oil price trades 2% higher to near $89.00 after registering over-a-month low at $85.41 on Friday. Theoretically, currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform when oil prices recover. Oil prices have regained ground, following attacks from Israeli Defense Forces (IDF) in Lebanon on Iran-backed Hezbollah, which renewed fears of an energy supply crisis. US President Trump revises terms for Iran deal The comments from US and Iranian officials clearly state that ne