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Foreign Exchange News
Rupee Vs Dollar: Rupee gains 8 paise to 81.80 against US dollar in afternoon trade
Wed, Feb 01, 2023
Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its previous close. The local unit was later trading at 81.80 against the greenback.
Foreign Exchange Reserves declined between March 31- Sep 30
Mon, Dec 12, 2022
The Foreign Exchange Reserves of India declined by US$ 74.65 billion to US$ 532.66 billion between March 31 and September 30.
US Treasury removes India from its Currency Monitoring List after two years - Details!
Sat, Nov 12, 2022
China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress.
Foreign exchange reserve swells by USD 6.561 billion to USD 531.081 billion
Fri, Nov 04, 2022
India's forex reserves increased by USD 6.561 billion to reach USD 531.081 billion for the week ended October 28, the RBI said on Friday. The overall reserves, which have been on a declining spree, had dropped by USD 3.847 billion to USD 524.52 billion in the previous reporting week.
Rupee vs Dollar: Indian currency weakens 38 paise to 81.78 against $ to start October on negative note
Mon, Oct 03, 2022
Rupee vs Dollar Today: Brent crude futures, the global oil benchmark, surged 2.77 per cent to USD 87.50 per barrel.
RBI issues 'Alert List' on entities not authorised to deal in forex trading: Full List
Wed, Sep 07, 2022
The Reserve Bank of India (RBI) has issued a warning against applications and platforms that are involved in illegal foreign exchange (forex) transactions and released an ‘Alert List’ consisting of names of 34 firms that are operating electronic trading platforms (ETPs) without due clearance from
India exhibits several 'bright spots' despite headwinds from Ukraine war & pandemic challenges, says Kumar Mangalam Birla
Sat, Aug 27, 2022
Startups and technology-based new age enterprises are exhibiting a strong momentum, providing new jobs and enhancing customer experiences, Birla said.
India has ample forex buffers to withstand pressure on credit worthiness: S&P
Thu, Aug 25, 2022
The rupee has depreciated about 7 per cent against the US currency this year but has performed better than its emerging market peers.
Against dollar, rupee falls 10 paise to 79.23
Fri, Jul 08, 2022
The rupee declined by 10 paise to close at 79.23 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market.
Rupee gains 15 paise against US dollar in early trade
Thu, Jun 16, 2022
The US Federal Reserve on Wednesday raised its key interest rate by 75 basis points, the largest hike since 1994, to a range of 1.5-1.75 per cent. It also indicated more rate increases to cool down high inflation.
India’s forex reserves dip 3rd straight week; fall by $2.03 billion
Sat, Apr 02, 2022
According to the RBI’s weekly statistical supplement, the country’s forex reserves dipped by $2.03 billion to $617.648 billion during the week ended March 25.
FPIs net investments cross Rs 51,000 crore in 2021 vs Rs 1.03 lakh crore in 2020; India still attractive in 2022: Experts
Wed, Dec 29, 2021
Foreign portfolio investments (FPIs), who were net sellers in the cash segment of Indian equity markets in 8 out of the 12 months in 2021, cumulatively poured in over Rs 51,000 crore into the Indian markets in 2021.
Indians lost Rs 26,300 cr as foreign exchange fees in 2020 despite pandemic: Report
Thu, Oct 28, 2021
Indians sending money to other countries have ended up paying Rs 26,300 crore as foreign exchange fees in 2020, despite the pandemic, a report said on Thursday.
Rupee gains 8 paise to 71.49 vs USD in early trade
Wed, Feb 06, 2019
At the Interbank Foreign Exchange, the rupee opened higher at 71.56 then gained further ground to touch 71.49 against the US dollar, showing a gain of 8 paise over its previous closing.
Rupee falls 54 paise, touches 71 level against US dollar
Thu, Dec 06, 2018
The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.
India's Forex reserves up $568.9 mn
Sat, Nov 24, 2018
India`s foreign exchange (forex) reserves rose by $568.9 million during the week ended November 16, official data showed on Friday.
Indian rupee set to shock further, create more history, of the negative kind
Mon, Nov 05, 2018
With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.
Rupee vs US dollar: Indian currency strengthens by 8 paise to 73.24 in early trade
Mon, Oct 22, 2018
The Indian rupee strengthened by 8 paise to 73.24 against the dollar in early trade Monday on increased selling of the US currency by exporters and banks amid easing crude prices.
Rupee jumps 29 paise against US dollar to 73.32
Fri, Oct 19, 2018
The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar Friday, amid a weakening greenback.
Arun Jaitley on Indian rupee: Comfortable forex reserves to deal with undue volatility
Thu, Aug 16, 2018
Recent developments relating to Turkey have generated global risk aversion towards emerging market currencies and the strengthening of the dollar, the minister said in a series of tweet.