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FOREIGN EXCHANGE MARKET
India’s record foreign deposit push could cost RBI $10.6 billion: Why the diaspora fundraising drive may prove expensiveIndia's recent fundraising initiative among its diaspora is anticipated to incur significant expenses for the Reserve Bank of India. The un...
AIFs seek status quo as 'foreign control' rules go for a recastLocal alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows ...
Cross-border fintechs are still competing with banks, not each other: Skydo’s Movin JainSkydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than com...
India's forex reserves rise by $11.47 billion to hit record high of $740.80 billion as of August 28India's foreign exchange reserves saw a substantial increase of $11.475 billion. This brought the total reserves to $740.8 billion by Augus...
Rupee rises 2 paise to close at 94.49 against US dollarThe Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased ap...
Rupee closes at 10-week high on strong inflowsThe Indian rupee strengthened significantly on Thursday, reaching a ten-week closing high. This gain was driven by substantial inflows of $...
Rupee rises 14 paise to close at 94.59 against US dollarThursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against...
- Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raise...
Prediction platform Kalshi targets US oil market with perpetual WTI contractKalshi is preparing to seek US regulatory approval for a perpetual West Texas Intermediate crude oil futures contract, Reuters reported. Th...
India's 7.8% growth, yet no foreign trips, no gold: Sridhar Vembu explains Modi’s messageWith India's robust economic expansion comes a pressing need to manage foreign exchange effectively. Zoho's Sridhar Vembu emphasizes that a...
Rupee falls 2 paise to 94.97 against US dollar in early tradeThe Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with so...
Iran defiant as Scott Bessent says US likely to announce bank sanctions this weekWashington plans to announce bank sanctions against Iran this week. Oil prices increased after direct attacks and tanker incidents. Iran wa...
Iran says it has enough foreign currency despite US sanctionsIran's Central Bank Governor stated sufficient foreign currency reserves exist despite sanctions. He announced plans to inject two billion ...
Unless necessary, do not buy gold, reiterates PM Modi on Instagram; jewellery stocks slidePrime Minister Narendra Modi has again urged Indians to avoid buying gold unless necessary, saying greater focus on local products and self...
FPIs lobby for faster access to bourses with link to serversThe proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities...
At $729 billion, India's forex kitty a recordIndia's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a speci...
RBI net absorbed $561 million in June as inflows picked upIn June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to signi...