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FOREIGN EXCHANGE
Forex reserves rise $2.5 billion to touch $719 billionIndian foreign exchange reserves rose $2.5 billion to $719 billion in the week ended November 6, largely due to revaluation in gold prices....
India's forex reserves rise $2.49 billion to $719.55 billion in week ended November 6India's foreign exchange reserves saw an increase of $2.49 billion during the week ending November 6. This rise follows two weeks of declin...
Indian rupee snaps rising streak on hawkish Fed, oil riseIn the past week, the Indian rupee faced downward pressure due to escalating oil prices. Although foreign investments offered some relief, ...
China's Yuan edges higher as exporters' dollar sales offset Fed rate hike betsChina's yuan rose against the US dollar as domestic companies converted foreign earnings into yuan. This seasonal trend occurs before year-...
Page Industries discloses 'inadvertent' FEMA violation, shares tankPage Industries said it inadvertently carried out retail trading of imported Jockey- and Speedo-branded products through ecommerce platform...
China Central Bank vows stronger policy support to achieve economic growth targetsChina's central bank has pledged stronger monetary support and increased policy adjustments to help achieve its annual economic growth targ...
Rupee rises 7 paise to 93.70 against US dollar in early tradeThe rupee strengthened 7 paise to 93.70 against the US dollar in early trade on Wednesday, supported by sustained foreign fund inflows, eas...
Rupee among Asia's top performing currencies as AI trade coolsThe Indian rupee has gained considerable strength in FY27, aided by increased foreign portfolio investor inflows. A notable decline in crud...
Indian rupee breaks six-day winning streak on state banks' dollar bidsThe Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive m...
RBI's $239 bn forward dollar position to limit rupee gains despite FPI inflows: ReportThe Reserve Bank of India currently has a net short position of USD 239 billion in the forward market, which may hinder the rupee's ability...
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strengthChina's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robus...
Japan's Yen intervention hits record $50 billion in single day in JulyJapan spent a record $50.36 billion in a single day in July to strengthen the yen, which had fallen to a 40-year low against the dollar. It...
FCNR(B) interest bill to keep dollar hedging costs highAs a multibillion-dollar FCNR(B) interest bill escalates, Indian banks grapple with increased dollar hedging expenses. Recently, the Reserv...
Indian economy to grow faster, foreign capital returning to markets: NSE CEO Ashishkumar ChauhanIndia's economy is projected to experience faster growth due to strong macroeconomic fundamentals and increased foreign interest. The Manag...
India's forex reserves fall $2.6 billion to $717 billion as of October 30India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, extending a decline from their S...
Sebi revises currency derivative norms for domestic investors, FPIs; allows to trade up to USD 5 mnSebi has revised its regulations to permit domestic and foreign portfolio investors to take positions in currency derivatives. Investors ca...
Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciationChina’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign ex...
RBI eases forex rules for services exports and importsThe changes form part of the Foreign Exchange Management (Export and Import of Goods and Services) which came into effect from October 1, 2...
India eases forex reporting rules for small value service exports, importsThe Reserve Bank of India has eased foreign exchange reporting rules for services exports and imports, reducing compliance requirements for...
Rupee falls 21 paise to 94.97 against US dollar in early tradeIn the early hours of trading, the rupee fell by 21 paise to 94.97 against the US dollar, influenced by a firmer dollar along with local ma...