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INTERBANK FOREIGN EXCHANGE MARKET
Sebi proposes depository receipts against REITs, InvITs unitsIndia's markets regulator has unveiled a fresh set of regulations concerning depository receipts aimed at real estate and infrastructure in...
$100 bn in sight: India is rolling in dollars but what about the rupee?Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...
Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early tradeThe rupee opened flat and gained three paise against the US dollar in early trade. Dollar demand from importers was negated by a weaker dol...
Indian banks' new hunt for diaspora dollars pumps up loans marketsIndian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...
RBI appoints Monisha Chakraborty as executive directorThe Reserve Bank of India has appointed Monisha Chakraborty as Executive Director. She will now oversee foreign exchange and financial mark...
RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
IEX shares fall 4% after Supreme Court denies hearing market coupling caseIndian Energy Exchange shares declined after the Supreme Court allowed the Central Electricity Regulatory Commission to continue framing re...
Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
Yen leaps after intervention, leaving the dollar bruisedThe yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying ...
Japan to announce Tokyo, Washington took joint action on yen: ReportJapan's Finance Minister plans to reveal a cooperation with Washington regarding currency market interventions aimed at arresting the yen's...
Forex kitty grows $6 billion as dollar count risesIndia's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682....
India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of...
Global Market: Weak yen lifts Japan's forex reserve surplus to $31 billion in FY25Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...
Rupee rises 5 paise to 95.77 against US dollar in early tradeThe rupee strengthened by five paise to 95.77 against the US dollar on Wednesday. This appreciation marks the fourth consecutive day of gai...
Rupee rises 35 paise to 95.64 against US dollar in early tradeThe Indian rupee strengthened significantly against the US dollar in early trade. Lower crude oil prices and easing geopolitical tensions b...
Rupee rises 28 paise to 96.25 against US dollar in early tradeThe Indian rupee strengthened significantly against the US dollar on Monday. This gain was driven by a sharp decline in global crude oil pr...
Rupee falls 11 paise to 96.36 against US dollar in early tradeThe rupee fell eleven paise to 96.36 against the US dollar on Wednesday. Crude oil prices climbed due to geopolitical tensions and shipping...