RBI, Centre look to ensure gradual Rupee depreciation https://ifttt.com/images/no_image_card.png"The strength of the US dollar against the Indian rupee cannot be viewed as an isolated case," said one official. "It is just part of the strength of the US dollar globally, against all currencies - developed or emerging." They added that the Dollar Index has gained 13% this year against six major currencies - euro, pound, yen, Swiss franc, Canadian dollar and Swedish krona.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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