rupee fall: RBI looks to have boosted forwards intervention in rupee fight

India’s central bank appears to have ramped up intervention in the forwards market to slow the rupee’s decline and preserve its hard-earned reserves. The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank … Read more

One step forwards, two steps back for Europe’s hard right

This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Welcome to the Financial Times’ Europe Express Weekend newsletter. I’m Tony Barber, the FT’s European Comment Editor, and every Saturday I’m sharing my thoughts on one of … Read more