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USD PURCHASES BY RBI
RBI net forex buys hit a record $43 billion in August, balances it with swapsThe Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. This was done to manage significan...
Rupee posts best week in seven months, fundamentals key for lasting turnaroundThis week, the Indian rupee saw an impressive 2% increase, attributed to effective policy measures designed to alleviate short-term depreci...
Rupee jumps 82 paise to 94.96 against US dollar in early tradeIn early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of ...
Banks may explore easier forex hedging amid RBI curbsThe Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by co...
Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...
RBI tightens forex derivative rules: What changes for hedging, cancelled tradesThe RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the...
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
India’s growth engine still has plenty of runway with earnings set to accelerate: JefferiesJefferies expects India’s real GDP growth to stay at 6.5-7% in the current fiscal, with corporate earnings growth accelerating to 17% next ...
Rupee rises 14 paise to close at 94.59 against US dollarThursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against...
Rupee falls 2 paise to 94.97 against US dollar in early tradeThe Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with so...
NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rulesNon-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...
Delayed, Not Denied: India’s BGAI entry waits on market accessIndia’s potential inclusion in the Bloomberg Global Aggregate Bond Index remains delayed, not denied, with operational accessibility the ke...
NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
Rupee falls 6 paise to 95.42 against US dollar in early tradeThe rupee experienced a six paise decline against the US dollar during early trade. Concurrently, Brent crude oil prices saw a sharp rise, ...
Rupee falls 8 paise to 95.38 against US dollar in early tradeIn early trading on Tuesday, the rupee fell by eight paise against the US dollar, closing at 95.30 from the previous day. Ongoing tensions ...
Rupee falls 8 paise to 95.25 against US dollar in early tradeThe rupee has fallen eight paise to 95.25 versus the US dollar as of Monday, influenced by a strengthening dollar and surging global crude ...
RBI remains net purchaser of dollar in Feb; buys $9.14 billionRBI bought $10.604 billion of the US currency and $USD 1.460 billion in the spot market.
RBI becomes net buyer of dollars in Sept, bought $5.61 billionIn August, it sold USD 4.072 billion on net basis in the spot market.
RBI net purchaser of dollar in April; buys $566 millionApril was second consecutive month in the current fiscal when RBI net bought dollars from the spot market.