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RBI sold $9.28 billion in forex market in Oct to support rupee

The Morning Standard

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December 25, 2024

IN a bid to support a falling rupee, which lost as much as 125 paise between October 10 and December 24 when it closed at 85.207, the Reserve Bank on Tuesday said it has net sold $9.28 billion on the spot foreign exchange market in October. The net outstanding forward sale stood at $49.18 billion in October as compared to the net sale of $14.58 billion in September.

- BENN KOCHUVEEDAN

RBI sold $9.28 billion in forex market in Oct to support rupee

The RBI said in the monthly bulletin that it had purchased $27.5 billion and sold $36.78 billion during October. As against this, the central bank has bought a net of $9.64 billion in the spot market in September.

The Morning Standard से और कहानियाँ

The Morning Standard

The Morning Standard

Pernod Ricard remains India’s largest alcohol co

WITH consolidated sales of ₹27,445.80 crore in FY25, Pernod Ricard India has retained its position as the largest alcoholic beverage maker in the country by value, ahead of Diageo India (United Spirits Ltd).

time to read

1 min

January 02, 2026

The Morning Standard

Promise for a better future

They are young but full of potential as they have demonstrated in their limited exposure to competitive events. With veterans either retired or at the fag end of their careers, these youngsters are India’s hopes in the coming years. Going by their recent performances at national and international level competitions and media attention they have garnered, Firoz Mirza looks at a few future prospects from select sports

time to read

1 mins

January 02, 2026

The Morning Standard

IT’S A BIG YEAR & WE ARE LOOKING FORWARD TO IT

Priority is to keep body fit by training even during tournaments, says the badminton star as he gears up for an action-packed calendar

time to read

3 mins

January 02, 2026

The Morning Standard

Orphaned at 4, judoka from naxalite-infested region shines

LIFE was anyway not easy for the Mandavi household but destiny wreaked havoc as Mayaram and Sukhmati passed away within months of each other rendering their three children orphans in 2015.

time to read

1 mins

January 02, 2026

The Morning Standard

Pilot derostered for suspected alcohol use

AN Air India pilot-in-command, Captain Saurabh Kumar, was offloaded from the cockpit of his flight at Vancouver International Airport in Canada after a breathalyser test on board revealed that he had consumed a “very high quantity” of alcohol, said sources.

time to read

2 mins

January 02, 2026

The Morning Standard

The Morning Standard

Sabarimala case: Probe team doubtful about seized gold’s authenticity

THE Special Investigation Team (SIT) will examine whether the gold plating on Sabarimala temple’s door frames was replaced before reinstallation.

time to read

1 mins

January 02, 2026

The Morning Standard

Cigarette cos’ shares fall on excise duty hike

SHARES of ITC Ltd fell to the lowest level in nearly three years after the government notified the hike in excise duty on cigarettes and other products.

time to read

1 min

January 02, 2026

The Morning Standard

Israel bans 37 humanitarian agencies from Gaza over ‘transparency’ issues

ISRAEL on Thursday said 37 humanitarian agencies supplying aid in Gaza had not met a deadline to meet “security and transparency standards”, and would be banned from the territory, despite an international outcry.

time to read

1 mins

January 02, 2026

The Morning Standard

The Morning Standard

MANNATH PADMANABHAN

An Eventful Life Of A Warrior

time to read

3 mins

January 02, 2026

The Morning Standard

The Morning Standard

Mamdani takes oath as mayor on Quran in subway

Ceremony marks multiple historic firsts in NYC's political, cultural life; reflects change

time to read

1 mins

January 02, 2026

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