Raghuram Rajan

Raghuram Rajan defends RBI call for autonomy

Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI. Nov 6, 2018

Sensex down 150 points, rupee at 73

"The decline in the domestic currency is because of the US dollar, which is stronger as the their economy is doing well. As far as markets are concerned, the volatility is expected to continue. It is trading in a tight range and will continue for few months," Astha Jain, Senior Analyst, Hem Securities. Nov 5, 2018
Iran Oil output

India may trade with Iran in rupee for oil supplies

India is expected to stimulate a previous arrangement of making payments in rupee in an account with UCO Bank. Since the bank does not have any international exposure, it would be safe from any sanctions. Nov 4, 2018