The Reserve Bank of India unveiled a series of measures in early June to attract dollar flows, which have drawn about $41 billion through the end of July
“If the trade deal with the US happens in the near future, then Indian rupee may quickly stabilise. Else Indian rupee could hover between 90 and 92,” says HDFC Bank
Average premium between the inter-bank and open market rate will be no more than 1.25 percent during any consecutive 5-business day period, the IMF had said in its country report on Pakistan
Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack
Minister for Finance asks banks and ECs to avoid manipulation of the dollar, warns of strict action if institutions are found involved in unlawful practices
