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The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years, effective June 26, 2026. Janakiraman, who was initially appointed in June 2023, will continue in his role as the central bank maintains its four-deputy governor structure.
The rupee surged 56 paise to 95.18 against the US dollar following RBI's measures to attract foreign capital and boost forex liquidity. These policy announcements, including expanding the Fully Accessible Route and removing taxes on foreign investment in G-Secs, improved investor sentiment. Analysts expect further appreciation if oil prices remain below $100 a barrel.
Lower fuel and vehicle costs key to driving ethanol demand: ExpertsGovt extends tenure of RBI deputy governor Swaminathan J for two yearsRupee jumps 56 paise to 95.18 vs US dollar after RBI announces forex-support measuresOIL reports presence of natural gas in its third exploratory well in Andaman blockMore than 75 lakh households to have rooftop solar systems by Dec: Pralhad Joshi
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