FX reserves had risen for seven successive weeks until the week ending 12th June. We first analyse the impact that FX purchases have had on the exchange rate in Real Effective Exchange Rate (REER) terms, volatility in USD/INR, liquidity in the banking system, and RBI’s balance sheet. … [Read more...] about Why is the RBI buying dollars aggressively?
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As authorities began scripting the epilogue of the Vikas Dubey crime files, his wife and son, who were picked for questioning by the police, returned to their home in Lucknow after cremating him. And back in his Kanpur village Bikru, the scene of the July 3 ambush in which eight policemen were killed, Rapid Action Force was deployed and police vehicles circled the area, breaking the hush with announcements asking people to come forward with information. … [Read more...] about Vikas Dubey crime saga: Four arrested, SIT formed and ED ready for probe as investigations gather pace