Not only China, India & other emerging markets to also feel the pinch of stronger dollar: Mitul KotechaMitul Kotecha, Head of Forex & EM Macro Strategy Asia at Barclays, cautions that the surging US dollar and yields are drawing capital away ...
18 Nov, 2024, 10.42 AM IST
RBI’s gold purchases in 2023 fell to lowest level in 6 yearsThe Reserve Bank of India (RBI) reduced its gold purchases in 2023, marking the lowest level since it began accumulating gold in 2017, due ...
13 Feb, 2024, 08.20 PM IST
Shrinking current account gap provides a reprieve for rupeeBarclays expects the improving external sector fundamentals and relatively cheap valuations to help the rupee rally later as the dollar wea...
27 Mar, 2023, 09.13 AM IST
RBI may have bought $8 billion from market in less than a monthIndia's foreign-exchange reserves, which declined about $100 billion since February this year, have begun climbing over the past few weeks....
18 Nov, 2022, 05.00 AM IST
RBI defended rupee with $41 billion over 5 months, says reportAccording to a report on India’s foreign exchange reserves by Barclays, while last week’s imposition of higher duties on gold imports and e...
04 Jul, 2022, 07.47 AM IST
Rising CAD, outflows may force RBI to rethink currency plansWhile FDI flows are likely to stay broadly stable, record portfolio outflows, especially in equities, and rising dollar funding costs will ...
18 Jun, 2022, 09.51 AM IST
EU slaps ₹344 million euros penalty on major banks over forex trading cartelThese fines brought to an end the third part of an investigation that has been ongoing since 2013 and which had already resulted in more th...
03 Dec, 2021, 12.04 AM IST
Smart treasury operations could help RBI transfer higher surplus to the governmentThe Reserve Bank of India may have accumulated a record high foreign exchange reserves, but it is a losing proposition given that a nearly ...
05 Apr, 2021, 07.27 AM IST
Why RBI may go slow on dollar purchasesIn December itself, the central bank shifted policy from buying from spot to forward by buying record $11 billion in the forward market, bu...
04 Mar, 2021, 08.26 PM IST
Why is RBI buying more dollar forwards than spot?The central bank’s forward market purchases in August were $10.7 billion, according to RBI data. It bought $8.5 billion in the spot market ...
14 Oct, 2020, 07.46 AM IST
Large forex kitty may not be good enough cushionTrouble may be compounded if local economic activity revives or if global commodity prices rise.
07 Aug, 2017, 08.55 AM IST
Brokerages bullish on IT sector outlook for this yearBarclays expects March quarter results to have a growth divergence for IT cos with revenue traction for Infosys and TCS lagging that of HCL...
06 Apr, 2014, 11.55 AM IST
Readying war chest, Bharti Airtel to raise $1 billion via Euro bondsThe proposed issue - Bharti's third in 2013 - is part of its strategy to ready a war chest of $3-4 bn to outbid rivals in the crucial spect...
26 Nov, 2013, 10.23 AM IST
Brokerages bullish on Infosys post Q1 resultsInfosys reported consolidated net profit of Rs 2,374 cr for the quarter ended June 2013, down 0.8 pc, against Rs 2,394 cr in the previous q...
13 Jul, 2013, 02.49 AM IST
- Rupee signs off the best week since october
The rupee will be at 49.50 a dollar in 3 months, Credit Suisse Group AG said in a note on Friday, stronger than its earlier estimate of 53....
21 Jan, 2012, 08.00 AM IST
- Rupee volatility to affect revenues of IT companies like Infosys, TCS, MindTree, iGate Patni,Mphasis & Wipro
The sharp depreciation in the rupee has been acting as a vital cog in determining the revenues and profitability of IT companies.
22 Oct, 2011, 10.31 AM IST
- IT cos rejig hedging plans as rupee slides
Satyam has cut its foreign exchange hedges, while HCL Tech, TCS have adopted a wait-and-watch policy. Wipro, Infosys continue to adhere to ...
25 Oct, 2008, 03.17 AM IST