MUMBAI: The Indian rupee is set to decline at open on Wednesday following swings in the Chinese yuan prompted by US-China ...

It had declined to a low of 86.75 in early trading, but broad-based interbank offers, including those spurred by likely custodial inflows, helped it trim losses, an FX trader at a bank said.

The Indian rupee declined in the non-deliverable forward market on Thursday after the U.S. President Donald Trump slapped a 26% tariff on imports from the Asian nation.

It had declined to a low of 86.75 in early trading, but broad-based interbank offers, including those spurred by likely custodial inflows, helped it trim losses, an FX trader at a bank said.

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"From the way markets have reacted, it is obvious that they had expected a way less severe outcome (on U.S. tariffs)," a currency trader at a Singapore-based bank said. "There will be many reasons ...

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The Indian rupee reversed early gains to weaken slightly on Wednesday, pressured by dollar demand spurred by maturity of positions in the non-deliverable forwards ...

(Reuters) - India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetisation scheme, introduced in ...

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