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CURRENCY EXCHANGE RATES
US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study findsThe dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve ...
What Is the Best Way to Pay for an International Trip and Does My Credit Card Include Airport Lounge Access?Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange ...
Global Market | South Korea’s NPS suspends FX hedging as won hits near two-year high: ReportsSouth Korea’s National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the d...
BlackRock to JPMorgan bet on EM as turmoil seizes global bondsEmerging market government bonds are outperforming developed markets as inflation remains contained. Funds from JPMorgan and BlackRock find...
Dollar bounces on job gains, then pares ahead of CPIThe U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has ...
India's forex reserves rise by $11.47 billion to hit record high of $740.80 billion as of August 28India's foreign exchange reserves saw a substantial increase of $11.475 billion. This brought the total reserves to $740.8 billion by Augus...
RBI may raise repo rate to 5.75-6% in H2 FY27, rate hike cycle likely from December: UBIUnion Bank of India expects the RBI to raise the repo rate to 5.75-6% in H2 FY27, from the current 5.25%, with the rate-hike cycle likely b...
Yen headed for strongest week in a month, dollar flat ahead of payroll dataThis week, the Japanese yen appreciated considerably against the US dollar, as traders are anticipating a potential interest rate hike from...
Centre sees no cost pain for RBI on dollar delugeThe Reserve Bank of India anticipates minimal costs from significant forex inflows. High interest rates on US treasuries are expected to of...
RBI faces about $11 billion bill on foreign deposits planIndia's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial cost...
Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflowsIndia's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...
ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidityICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial f...
Japan’s JCRA upgrades India’s sovereign rating to A-, cites strong growth, financial stabilityJapan Credit Rating Agency (JCR) has upgraded India’s sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustaine...
Rupee closes at near 2-month high of 94.95 to the dollarOn Tuesday, the Indian rupee achieved its strongest close in nearly two months, settling at 94.95. Factors such as dollar offers and centra...
RBI intervention, dollar flows push Indian rupee to two-month peakThe Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in f...
Dollar near eight-day high as US data lifts Fed hike betsThe dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increas...