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FOREX RESERVES SEPTEMBER 2023
Oil Price Today (September 10): Crude oil at $101 as Iran attack on 10 ships raises supply fears. $120 in sight?On Thursday, oil prices surged above one hundred dollars per barrel as traders evaluated the risks associated with supply disruptions stemm...
RBI may not need immediate CRR hike as liquidity surplus likely to moderate: UBI ReportThe Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidit...
Reliance Industries to tap local bond market after 3 years, lines up Rs 12,500 crore issueReliance Industries takes the forefront as Indian companies turn to domestic bonds for fund-raising. Banks, with their significant surplus ...
Japan name Asian Games squad for historic T20I against India in SanoJapan will host India in a historic one-off T20 International match. This game commemorates seventy-five years of India-Japan diplomatic re...
Keralam swelters as mercury crosses 36 degrees Celsius in Sept amid weak monsoonKerala is experiencing unusually early September heat as temperatures rise significantly. Punalur recorded a high of 36.2 degrees Celsius, ...
RBI turns to longer-dated VRRR for liquidity mop-upIn an effort to control escalating inflation, the Reserve Bank of India is running auctions to draw in surplus liquidity from the financial...
Dollar bounces on job gains, then pares ahead of CPIThe U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has ...
Forex reserves hit record $740.8 billion, lift rupeeBy the end of August, India recorded an unprecedented $740.8 billion in foreign-exchange reserves, which has significantly fortified the va...
RBI turns to 30-day VRRR to absorb excess liquidityThe Reserve Bank of India is conducting auctions to absorb excess funds. This liquidity stems from special dollar mobilization programs and...
RBI mops up Rs 6.02 lakh crore through VRRR auctions against a Rs 8.50 lakh crore planThe surplus liquidity in the system rose to a record high of Rs 10.3 lakh crore as of September 3, forcing the central bank to step up liqu...
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...
Government's Rs 37,500-cr coal gasification scheme fails to attract bidsNo applications were submitted for the Rs 37,500 crore coal gasification incentive scheme. The September 7 deadline passed without any priv...
September Birthday Astrology: What Your Birth Date Says About Love, Career & MoneyIndividuals born in September typically embody the traits of either Virgo or Libra. Virgos, known for their practicality and keen attention...
FCNR flows to complicate liquidity management, lead RBI to deploy more tools: EconomistsHigher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a f...
Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources sayIndian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...
India rupee hits near four-week high on equity-related flows, RBI support; logs monthly riseThe Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh investments due to stock index adjustmen...
India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jumpIndia's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation'...