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ROUBLE EXCHANGE RATE
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
How US sanctions on Russian oil majors will impact the rouble and economyAmid escalating tensions, the United States has rolled out new sanctions targeting Russian oil corporations Rosneft and Lukoil. These sanct...
Rupee-rouble rule: RBI clears path for faster India-Russia paymentsAmid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...
Big Russian alert for President Donald Trump on Day one at office as Rouble rises against USD dollarRussia will be an important issue for President Donald Trump as he takes charge today.
India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriersThe Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India...
Russia's optimistic fiscal plans risk budget revenue shortfallRussia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and econo...
Russians feel the pinch as rouble tumbles past 91 vs dollarCapital controls have helped insulate the rouble against geopolitics in the 16 months since Russia invaded Ukraine, but mercenary leader Ye...
Rouble pares losses after slumping to 15-month lowMercenaries led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov-on-Don overnight on Saturday under a deal that halte...
Why is internationalisation of rupee not gaining currency? Lessons from the India-Russia oil trade dealThe rupee-rouble settlement mechanism drawn up after the invasion of Ukraine shows the barriers in India’s plan to make the INR a globally ...
First to firm up the Rupee-RoubleThe government and the Reserve Bank of India (RBI) will need to guide the banking system through the evolving situation. Although climbing ...
From Russia (for crude), with rupeesEnsuring Russian oil supply is critical for the rupee-dollar exchange rate that determines the bill for Indian energy imports from traditio...
Vladimir Putin hikes Russian pensions, plays down Ukraine impact on economyThe pension increase comes into effect from June 1, while the minimum wage hike kicks in on July 1. Analysts said the steps would not preve...
Russian rouble rallies to March 2018 level against dollarAgainst the euro, the rouble firmed by more than 5% to 60.86 after touching 59.02, its highest since June 2015.The rouble is driven by expo...
Rouble extends gains, Russia stocks also up on 5th trading dayThe rouble is now driven by export-focused companies that are obliged to sell foreign currency as well as by month- and quarter-end tax pay...
How India and Russia can trade directly in rupee-roubleTrade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.
Vladimir Putin gives central bank rights to determine size of FX operations with non-residentsRussian residents are not allowed to buy stakes in companies that are not Russian residents without the central bank's permission until the...
Russian rouble slips over 7% in early Moscow tradeThe central bank has more than doubled its key interest rate to 20% and the government has rolled out support measures, but the rouble has ...
Russian rouble slides further after ratings downgradesOvernight Fitch said that U.S. and European Union sanctions prohibiting any transactions with the Bank of Russia would have a "much larger ...
Russians queue for cash as West targets banks over UkraineMoves to block some Russian banks from the SWIFT global payments system and freeze the Bank of Russia's reserves are expected to deal a sev...
Rupee touches 70 ahead of 72nd Independence DayThe Indian currency has lost about 8.6% so far this year as the dollar has been climbing.