Searched for
DOLLAR EXCHANGE
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
US Stocks: SpaceX leveraged fund providers hit by day-one launch setback, sources sayIn light of recent developments, asset managers are now facing a delay on the introduction of leveraged SpaceX exchange-traded funds. The S...
Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
Rupee rallies as oil slump sparks unwinding of dollar longsThe Indian rupee experienced a robust uptick against the dollar on Friday, sparked by newfound optimism regarding peace talks between the U...
Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
Investors fret about rates and dollar, cut back on gold, silverInvestors in gold and silver might be in for a rocky ride ahead. Experts caution that the meteoric rise seen last year is unlikely to repea...
Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
Asia’s currency fight moves offshore as central banks push backAsian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dol...
Rupee to average around 96/USD in FY27; risks from oil, dollar persist: Motilal OswalThe Indian rupee is projected to average around 96 against the US dollar in FY27. However, this outlook faces potential challenges includin...
RBI likely intervenes to support rupee, conducts swaps, traders sayThe Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable for...
RBI ramped rupee defense to record before government bazookaThe Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This sig...
Rupee falls 17 paise to 95.35 against US dollar in early tradeThe Indian rupee weakened by 17 paise to 95.35 against the US dollar in early trade on Monday, influenced by a strong dollar and geopolitic...
U.S. Stock Market prediction for Monday: Nasdaq, S&P 500, Dow Jones crash to continue in Wall Street? These factors will determineU.S Stock Market on Monday: Magnificent Seven stocks which includes AI players Nvidia, Google-parent Alphabet and Meta will be under scanne...
Dollar firms after strong US jobs data, pushes yen through 160 levelThe dollar strengthened significantly, poised for over a 1% weekly gain following robust U.S. employment figures. Nonfarm payrolls exceeded...
India's forex reserves rise $938 million to $682 billion despite RBI's $5 billion swapIndia's foreign exchange reserves saw a slight increase of $938 million, reaching $682 billion by May 29. This rise occurred despite a sign...
Rupee at 100: The cost of pretending numbers don't matterThe rupee's fall against the dollar is more than just a number. Like age, it brings real-world impacts. The value of 100 rupees affects dai...
Strong backing, but light touch: What is the RBI's rupee playbook?The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneo...
Rupee rises 50 paise to 95.24 against US dollar post RBI policy decisionThe rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the RBI's liberalization of FPI inves...
Global Market: Japan warns against excessive currency volatility as Yen nears key thresholdJapan signals readiness to step into currency markets if the yen weakens further. The currency is nearing a critical 160 per dollar mark. T...
Yen hits key 160 level for third session, dollar buoyed by Gulf woesThe Japanese yen is nearing a critical 160 per dollar level, prompting warnings of decisive action from Tokyo. Meanwhile, the U.S. dollar i...