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DOLLAR DECLINE
$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...- SBI, HSBC and ICICI lead India's overseas deposit drive, data showsHSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion...
- Thangamayil Jewellery shares crash 32% in a week. What should investors do?Thangamayil Jewellery shares fell 5%, extending their one-week decline to 32%, after the company said it saw no visible improvement in sale...
- Global Market: Japan stocks slide as stronger Yen hits exporters; Nikkei drops Over 2%Japanese stocks tumbled as a sharp rally in the yen weighed on export-oriented companies, with the Nikkei falling over 2%. Auto and chip st...
- Global Market: Japan, US confirm coordinated yen intervention to stem currency slideJapan's finance ministry confirmed that Tokyo and Washington jointly intervened in currency markets to support the yen for the first time s...
- 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...
- Rupee posts strongest week since March on RBI supportThe Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support f...
- Global Market | A history of Japan's biggest interventions to support the yenThe Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese a...
- Capital Group buys 1.5% stake in IIFL Fin for Rs 374 cr; stock rises over 2%Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from...
- Thermax shares crash 16% after firm expects weak quarters ahead after muted Q1 resultsThermax shares dropped significantly after reporting an 86% profit decline. Revenue rose 7% year-on-year, but earnings before interest, tax...
- Global Market Today: Asian stocks rise on Korean rally, yen holds gainsAsian stocks advanced as chip shares revived artificial intelligence trade confidence. South Korea's Kospi Index surged over fourteen perce...
- Banks in talks to lend $15 billion for Anthropic data center backed by Google: WSJBig Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.
- Rupee ends nearly flat at 95.68 vs USD, wedged between oil swings, RBI interventionOn Thursday, the Indian rupee remained stable, closing at approximately 95.68 against the dollar. The currency faced pressure due to fluctu...
- SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resourcesState Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to...
- Dollar hits one-month high on lingering chances of Fed hikeThe US dollar reached a one-month high as traders considered a potential Federal Reserve rate hike. Falling oil prices offered some relief ...
- Rupee logs best day in over 6 weeks as RBI intervention magnifies oil slump impactOn Monday, the Indian rupee experienced its most remarkable trading day in over six weeks, thanks to decisive actions from the central bank...
- Dollar pulls back as US-Iran attacks pause, oil dropsThe dollar weakened against major currencies as the United States paused its bombing campaign in Iran. Oil prices also sank significantly a...
- Yen slides past 163, raising intervention alertThe yen is near a four-decade low as the dollar strengthens broadly. Rising oil prices and U.S. Treasury yields are supporting the dollar's...
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