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FOREIGN EXCHANGE DEMAND
RBI's heavy FX footprint revives memories of a tightly managed rupeeThe Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are...
Tier-2, Tier-3 cities account for 53% of India's forex demand: ReportThe report, based on Thomas Cook India's transaction data between April 2025 and March 2026 across leisure travel, education and corporate ...
Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vaultIn 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exc...
Geographic base of forex demand in India expanding, 47% demand from Tier 1 cities: Thomas CookBased on transaction data for April 2025 to March 2026, the report highlighted an increasingly diversified forex market driven by rising ou...
Siemens Q1 Results: Net profit declines 18% to Rs 343 croreSiemens Ltd reported a decline in net profit of over eighteen percent in the June quarter, largely due to fluctuating commodity prices and ...
Global Market: South Korean shares rise for second day as Samsung Electronics gainsSouth Korean shares extended gains for a second straight session, led by Samsung Electronics, while strong export growth provided further s...
A year after Alaska summit, Trump-Putin peace push gives way to war escalationA summit between Donald Trump and Vladimir Putin aimed at ending the Ukraine conflict has failed. Diplomatic initiatives have stalled, and ...
US defends dollar as yen weakness threatens global currency orderThe US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...
Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and pl...
After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
Rupee falls 8 paise to 95.25 against US dollar in early tradeThe rupee has fallen eight paise to 95.25 versus the US dollar as of Monday, influenced by a strengthening dollar and surging global crude ...
Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditionsIran's Revolutionary Guards will not reopen the Strait of Hormuz until its conditions are met. These demands include compensation for war d...
India's resilient economy to support markets but global risks remain elevated: SebiIndia's financial markets are poised for growth, buoyed by robust domestic economic fundamentals like strong consumer demand and proactive ...
Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocksJefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor o...
Liquidity to peak in Sept, but big surplus won't last long: RBIThe Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher curre...
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early tradeThe rupee opened flat and gained three paise against the US dollar in early trade. Dollar demand from importers was negated by a weaker dol...