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GLOBAL FOREIGN EXCHANGE RESERVES
US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study findsThe dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve ...
Broking firm Upstox offers US stocks, opens access to 8,000+ listed firms, 2,000+ ETFsWith this, Upstox will be joining a segment where players such as Vested Finance and IndMoney already provide Indians access to global equi...
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...
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...
Quad Sherpas meet ahead of ministers' talk in OctForeign secretary Vikram Misri hosted a Quad Sherpas meeting in New Delhi. Discussions covered maritime security and economic prosperity fo...
India bonds slip for third week tracking oil, global debt routIndian government bonds have witnessed a third straight week of decline, influenced by escalating oil prices and expectations of global int...
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...
RBI may raise repo rate to 5.75-6% in H2 FY27, rate hike cycle likely from December: UBIUnion Bank of India expects the RBI to raise the repo rate to 5.75-6% in H2 FY27, from the current 5.25%, with the rate-hike cycle likely b...
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 $...
RBI faces about $11 billion bill on foreign deposits planIndia's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial cost...
GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...
Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflowsIndia's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...
India’s current account deficit widens to $4.2 billion in Q1 FY27India's current account deficit reached $4.2 billion in the first quarter of the fiscal year. This widening was primarily driven by a highe...
Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid goldJewellery stocks fell after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases. The appeal, aimed at conserv...
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...
RBI's forex forward book swells to record $136.7 billionThe Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that dr...
Global Market: European central bankers leave Jackson Hole uneasy over US policy shiftsEuropean central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms o...
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...
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'...