FOREX RESERVES
Forex reserves record biggest weekly drop as RBI moves to support rupee At $17.8 billion, the reserves fell the most in the week ended November 15, eclipsing the $15 billion retreat in the week of October 24, 2008, when the subprime sinkhole had swallowed global financial assets - and emerging market currencies - in the...
23 Nov, 2024, 07.46 AM ISTIndia's forex reserves fall to $657.89 billion, down $17.7 billion as of Nov 15 India's foreign exchange reserves experienced a decline of $17.7 billion, reaching $657.89 billion by November 15th, as reported by the Reserve Bank of India. The decrease was primarily attributed to a drop in Foreign Currency Assets. Despite this d...
22 Nov, 2024, 05.13 PM ISTRupee rises 8 paise to 84.38 against US dollar in early trade The Indian rupee saw a slight recovery against the US dollar, appreciating to 84.38 despite a strong dollar and foreign fund outflow. Lower crude oil prices aided the rupee's rise, while rising inflation and a surge in US Treasury yields posed chall...
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Dollar notches weekly gain as traders reassess rate cut expectations The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump's policies could fuel inflat...
16 Nov, 2024, 10.09 AM ISTIndia's forex reserves fall to $675.65 billion, down $6.4 billion as of Nov 8 India's foreign exchange reserves experienced a decrease of $6.4 billion, settling at $675.65 billion by November 8th. The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase. Despite this dip, ...
15 Nov, 2024, 05.19 PM ISTRupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade The Indian rupee hit a record low against the US dollar due to foreign investors selling their holdings and strong demand for the dollar. The Reserve Bank of India has been intervening to support the rupee, leading to a decline in India's foreign ex...
14 Nov, 2024, 10.25 AM ISTRupee ends nearly flat, state-run banks' dollar sales offset outflows The Indian rupee closed nearly unchanged on Wednesday, as dollar sales by state-run banks helped the currency withstand pressure from equity outflows and persistent strength in the U.S. dollar.
13 Nov, 2024, 03.58 PM ISTRupee falls 5 paise to all-time low of 84.37 against US dollar in early trade The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed's recent interest rate cut and potential future cuts are influencing the rupee's trajectory. Despite market volatility,...
08 Nov, 2024, 10.25 AM ISTDollar soars, euro tumbles as Trump wins US presidential election The dollar surged to a four-month high after Donald Trump's victory in the U.S. presidential election. Markets reacted to expectations of policies that could accelerate U.S. growth and inflation. Trump's proposed tariffs and deregulation could impac...
07 Nov, 2024, 07.12 AM ISTDollar dips as US voters head to polls The US dollar dropped as voters went to cast their ballots in the US elections. The election results were expected to impact the dollar's value. The dollar's fall came despite predictions of a win for a particular candidate. Market analysts observed...
06 Nov, 2024, 07.06 AM ISTRupee moves in narrow range against US dollar in early trade The rupee appreciated by 1 paisa to 84.06 against the US dollar in early trade on Monday, influenced by persistent foreign fund outflows, a muted trend in domestic equities, and rising crude oil prices. This follows a relatively quiet week due to Di...
04 Nov, 2024, 10.29 AM ISTIndia's forex reserves fall by $3.5 bn The Reserve Bank of India's foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank's dollar sales to prevent rupee depreciation. Foreign currency assets fell significan...
01 Nov, 2024, 11.44 PM ISTRupee opens on flat note, rises 1 paisa to 84.07 against US dollar in early trade The rupee rose 1 paisa to 84.07 against the US dollar amid strong dollar demand and foreign fund outflows affecting investor sentiment. RBI interventions may support it at lower levels. Upcoming IPO inflows may provide relief, while domestic equitie...
31 Oct, 2024, 10.40 AM ISTGold helps hold up forex reserves Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by September 2024. This addition, along with a 25 percent rise in gold prices, has significantly bolstered...
29 Oct, 2024, 06.10 AM ISTRupee trades in narrow range against US dollar in early trade The rupee saw a slight appreciation by 1 paisa to 84.07 against the US dollar amid foreign fund outflows and a strong dollar. Traders expect range-bound trade, with support from the RBI's reserves. Sensex and Nifty showed modest gains, while India's...
28 Oct, 2024, 11.13 AM ISTAussie hit by China stimulus scepticism; US dollar firm on Fed outlook Australian and New Zealand dollars fall due to doubts over China's stimulus and weakening local economic indicators. The New Zealand dollar is further pressured by cooling inflation suggesting aggressive rate cuts, while the U.S. dollar remains stro...
16 Oct, 2024, 07.36 AM ISTDollar edges higher against major currencies as traders weigh US data The U.S. dollar remains steady against major currencies due to economic data supporting potential Federal Reserve rate cuts. Producer prices were unchanged, and consumer prices rose slightly. Traders are also focused on upcoming data impacted by rec...
12 Oct, 2024, 10.13 AM ISTHealthy Kitty: India's forex reserves of over $700 billion 4th largest in the world India's reserves-comprising major currencies, gold special drawing rights and reserves with the International Monetary Fund (IMF)-have been rising steadily since 2013, when the country was part of the "fragile five" category and foreign investors ex...
07 Oct, 2024, 05.55 AM ISTIn a first, India's forex kitty swells above $700-billion mark This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL...
05 Oct, 2024, 07.25 AM ISTIndia's forex reserves rise for 5th week, close in on $700 billion India's foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday.
20 Sep, 2024, 05.56 PM IST