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FOREX RESERVES DECLINE
PSU vs private banks: The real story behind the Q2 divergencePublic sector banks are experiencing stronger net interest margin growth compared to their private counterparts this quarter. Despite facin...
Rupee falls 5 paise to 94.98 against US dollar in early tradeIn early trading, the rupee was priced at 94.98 against the US dollar, slipping by 5 paise primarily due to high crude oil rates and ongoin...
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...
Chip selloff deepens Wall Street losses as doubts grew over AI returnsA significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 10...
India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this yearIndia’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $7...
India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBIIndia’s foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the...
Indian bonds hang tight ahead of supplyIndian government bonds remained stable on Friday as traders contemplated the central bank's forthcoming policy moves. A noteworthy auction...
Rupee extends rise but falters past 95/USD on importer hedging, outflowsThe Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a pe...
FM Sitharaman ready to hear out stock market tax debateFinance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment taxes and their implications. She me...
Why did market rally today? Sensex surges 1,100 points, Nifty closes above 22,700. 5 key factors behind D-Street reboundStock Market Today: On Tuesday, Indian equity benchmarks, Sensex and Nifty, showcased a robust recovery after a lower opening. Driving this...
IHC, First Abu Dhabi eye stake in Bandhan Bank promoterEarly investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic inter...
RBI measures, intervention spark rupee's sharpest rally in six monthsOn Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar...
Banks seek RBI relief, clarity on India's latest rupee-defence measures: ReportBanks have approached the Reserve Bank of India to request changes to the 20% cash deposit mandate. They propose that a flat charge replace...
Pressure on rupee may continue after temporary gains on RBI actions, say economistsThe Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indic...
RBI tightens rules for forex bets to shield bruised rupeeThe Reserve Bank of India has tightened regulations on foreign exchange derivatives to stabilize the rupee's value. New measures include st...
RBI moves to support rupee at 96.78, cracks down on forex derivativesThe Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange ...
Rupee rises 10 paise to 96.65 against US dollar in early tradeOn Thursday, the rupee saw a slight uptick, gaining 10 paise to settle at 96.65 against the US dollar. This increase emerged amidst tough e...