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FOREIGN EXCHANGE MARKET
Rupee snaps eight-day rally as oil climbs to highest since MayThe Indian rupee ended its eight-session-long winning streak, closing down 0.4% at 94.8175 per dollar. Concerns over escalating oil prices ...
Global Market: China's yuan hits four-year high on export strength, weak dollarChina’s onshore yuan touched a more than four-year high against the US dollar, supported by robust exports, resilient economic growth, fore...
Why the rupee remains under pressure despite lower CAD?The Indian rupee has depreciated significantly this year and is expected to weaken further due to global conditions. Despite improvements i...
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDSThe exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax ye...
Global Market: Indonesia stock exchange to meet MSCI after downgrade warning triggers market routIndonesia’s stock exchange will meet MSCI on Monday to seek clarity over a warning that could strip the country of its emerging-market stat...
$60 billion in 6 weeks: RBI's rupee defence comes at a costReserve drain Forex reserves fall to $726 b on Oct 9 from $785.7 b on Sept 4, with latest reporting week alone showing a depletion of $8.58...
Rupee rises 1.9% in a week, closes below 95 per dollarThe Indian rupee strengthened 1.9% this week to close at 94.96 per dollar, its strongest weekly gain in seven months. Aggressive RBI measur...
Rupee relief comes with disruptions in financial marketsThe Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to sky...
Rupee rises 20 paise to 94.79 against US dollar in early tradeThe rupee reached 94.79 against the US dollar following structural forex interventions by the Reserve Bank of India. Elevated crude oil pri...
RBI clarifies interbank trades, ECBs coupons not part of FERRReserve Bank of India recently clarified the applicability of foreign exchange risk reserve for banks. The requirement does not apply to ba...
RBI issues clarifications on forex hedging curbsThe Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging r...
IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentalsThe International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamental...
RBI open to more steps to curb FX speculation, Governor Sanjay Malhotra saysRBI Governor Sanjay Malhotra said the central bank may take further steps to curb speculative forex trading and ensure orderly movement in ...
Can RBI’s six forex measures help stabilise the rupee?The Reserve Bank of India has introduced several measures aimed at stabilizing the value of the rupee. These steps have successfully lifted...
Rupee jumps 82 paise to 94.96 against US dollar in early tradeIn early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of ...
RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressureThe Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as th...
RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...