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CURRENCY RESERVES
India’s forex reserves fall $1.2 billion to $719.74 billion as of October 24India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, according to the RBI. The decline f...
Rupee to benefit from dollar retreat, plunging US yields; oil surge tempers impactThe Indian rupee is set to begin trading on a flat note or with a slight increase, driven by falling US Treasury yields. However, the loomi...
Rupee hits two-week low on 'sticky' dollar bids, modest intervention cushionsThe Indian rupee experienced a sharp decline on Thursday, hitting a two-week low against the dollar. Traders highlighted that heightened do...
Global Market: China’s yuan hits four-year high against dollar after Fed holds ratesChina’s yuan climbed to a four-year high against the US dollar, supported by the central bank’s firm guidance and the Federal Reserve’s dec...
Dollar steady after Fed hold leaves rate path murkyAfter the Federal Reserve's decision to keep interest rates steady, the US dollar found stability. Investors are now grappling with uncerta...
Elevated oil prices keep up heat on rupee, traders await cues from FedThe Indian rupee closed lower against the dollar as oil prices surged due to supply concerns. Brent oil rose to $115.3 per barrel following...
Global Market: China's yuan holds near four-year high as markets await Fed decisionChina’s yuan held near a four-year high against the US dollar as investors awaited the Federal Reserve’s policy decision for clues on the U...
India’s record bank cash surplus fades as RBI curbs rupee betsIndian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liquidity tightness. This monetary poli...
Rupee edges up to 95.11 against dollar on likely RBI interventionOn Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising o...
Rupee boxed in range; traders focus on oil, outflows and RBI's defenceThe Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost unchanged. Major external challeng...
Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reservesRaghuram Rajan said India should avoid aggressively defending the rupee amid the current depreciation spree, stressing that a weaker rupee ...
New Rs 1,000 note with temple image in India? Govt clarifies on viral claimImages of a purported Rs 1,000 yellow currency note have circulated on social media recently. Claims state that the note is new or will be ...
Global Market: Yuan holds near four-year high as China tempers appreciation paceChina’s yuan held near a four-year high against the US dollar as the central bank moderated its daily fixing. Export-related demand and str...
Rupee slips below to 95.18 against dollar on elevated oil pricesOn Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite incr...
India bonds give up gains as high oil prices weighIndian government bonds declined on Monday due to rising oil prices affecting market sentiment and the rupee. The rupee fell for the third ...
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the tablePrime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the I...
Currency markets subdued ahead of pivotal central bank weekAs the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a declin...
Banks seek relief from sustainable lending norms for FCNR(B) loansBanks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international bankin...
India’s forex reserves fall $5 billion to $721.02 billion as of October 16India's foreign exchange reserves fell by $5 billion to reach $721.02 billion for the week ending October 16. Previously, reserves declined...
Dip in the dollar takes a breather with Fed in focusInvestors are currently preparing for upcoming central bank meetings next week, expecting interest rate holds in major economies. The dolla...