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CURRENCIES AND FOREX MARKET
RBI says it will ensure 'undervalued' Rupee finds its correct levelThe Reserve Bank of India has stated its intent to stabilize the undervalued rupee, which reached a five-month low. Despite raising the pol...
These 8 banking stocks have an upside potential of up to 29% in 1 year, according to analystsFor the last two years, one sector where actual performance has been better than expected has been banking. Yes, there were exceptions amon...
Rupee loses 13 paise to close at 96.42 per US dollarThe rupee weakened 13 paise to close at 96.42 against the dollar, its weakest level in over two months, pressured by persistent foreign inv...
Hidden cost of travel: Visa fees, card markups, optional tours and tips that can add 25-40% to budget; here's how to plan for themMany travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overloo...
RBI MPC must raise rates as inflation and external risks riseIndia's economy is currently thriving, boasting a growth rate exceeding 7%, bolstered by diverse sectors and enhancing productivity levels....
Global Market: Euro under pressure from energy shock and political risksThe euro has fallen nearly 2% in September as energy prices, political uncertainty and a stronger dollar weigh on the currency. Concerns ov...
Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fallThe Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the...
Rupee slips toward 96 vs US dollar as crude, yields and stocks weigh on currencyThe rupee weakened 0.2% to 95.9825 against the dollar, pressured by surging crude oil prices, US bond yields and a sharp equity sell-off. R...
Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopesThe Indian rupee and government bonds are set to face challenges as oil prices climb. Global bond yields have surged to multi-year peaks, c...
Rupee's likely to slip despite RBI push for stabilityThe rupee could decline to 96-97 per dollar by the end of FY27 due to several factors. Persistent outflows from Indian financial assets and...
Rupee likely to trade in Rs 94.5-96 range in near term as dollar inflows fail to lift currency: ReportThe rupee is expected to fluctuate between Rs 94.5 and Rs 96 against the US dollar in the short term. Despite significant dollar inflows vi...
Forex reserves drop to $781 billion after hitting a peak of $785 billionIn the week ending September 11, India’s foreign exchange reserves fell by $4.9 billion, bringing the total down to $780.7 billion from a p...
Rupee gains 15 paise to 95.81 against dollar, likely helped by RBI interventionMarket participants said large public sector banks were seen selling dollars at the behest of the Reserve Bank of India (RBI) in a market w...
Explained: What really drives the rupee? Decoding the forces behind currency movesThe rupee’s decline over the past four years reflects a complex interplay of fundamentals, RBI intervention and market sentiment. A Bank of...
Banks likely to deploy FCNR(B) liquidity in coming months as festive credit demand rises: RBI Deputy GuvReserve Bank Deputy Governor Rohit Jain stated that banks are expected to deploy additional liquidity from FCNR(B) deposits. This deploymen...
Rupee falls 22 paise as crude, dollar demand riseThe rupee weakened 22 paise to 95.96 per dollar as strong importer demand, rising crude prices and global bond yields pressured the currenc...
Rupee rises 13 paise to 95.65 against US dollar in early tradeThe rupee appreciated by thirteen paise against the US dollar during early trading, driven by lower crude oil prices and optimism in the lo...
Rupee gains for third day as crude eases, but volatility persistsThe rupee strengthened for a third straight session to 95.8150 against the dollar as Brent crude eased to $101.5 a barrel. However, dollar ...
Oil prices key external risk, but yet to derail growth outlook: Radhika Rao, Executive Director & Senior Economist, DBS Bank"In the near term, priorities will be to manage liquidity, gradually lower the sizable forwards book and support the domestic currency. Lon...
India's forex reserves drop by $4.9 billionIndia's foreign exchange reserves faced a considerable downturn last week, plunging by $4.9 billion to a total of $780.7 billion. This decr...