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India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

India Foreign Exchange Billion Rupee Reserve Reserves

3 days, 12 hours ago

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

The Hindu

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 against the U.S. dollar on Friday, on softening of the U.S. dollar index and a potential intervention by the Reserve Bank of India. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time …

Fed Rbi Low Rupee Gains 10 Paise Lower Levels

3 days, 18 hours ago

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade

Deccan Chronicle

Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. The Dollar Index is expected to remain elevated, with resistance near the 110 level in the near term amid a reduced likelihood of significant Fed rate cuts in 2025. On Thursday, the rupee depreciated …

Rupee Dollar Us Dollar 6 Paise Low Gains

3 days, 23 hours ago

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

India TV News

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.235 billion to USD 654.857 billion. For the week ended December 13, foreign currency assets, a major component of the reserves, decreased …

India Billion Usd Reserves Forex Reserve

6 days, 18 hours ago

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

The Hindu

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. “The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November …

India Trade Low Gold Imports 1 Paisa Decline Rupee

6 days, 20 hours ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

India Trade Indian Trade Deficit Low Rupee

1 week ago

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha

Live Mint

New Delhi, December 16 : The government on Monday clarified that the recent decline in India's foreign exchange reserves is not the highest decline in the country's history. Minister of State for Finance, Pankaj Chaudhary, stated in a written reply in the Lok Sabha that the reserves declined by 2.63 per cent during the week ending November 15, 2024, compared …

India Indian Decline Rupee Reserves

1 week ago

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar

The Hindu

The rupee depreciated by 9 paise to close at an all-time low level of 84.89 against the U.S. dollar on Monday, dragged down by a negative trend in domestic equities. Forex traders said the Indian rupee declined on weak domestic markets and rising U.S. bond yields. On Friday, the rupee rebounded from its all-time low level and settled with a …

Trade Low Rupee Dollar 9 Paise

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade

The Hindu

The rupee fell 3 paise to 84.83 against the U.S. dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices. On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. Additionally, Foreign Institutional Investors turning net …

3 Paise Rupee Falls

1 week ago

Indian rupee to face renewed pressure as US yields climb

Live Mint

By Nimesh Vora MUMBAI, Dec 16 - The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. "With inflation remaining sticky, and President-elect Trump looking to strengthen the U.S. growth performance, the Fed is set to signal a more cautious …

India Indian Bank Fed Rupee

1 week, 3 days ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Billion Low Rupee Reserve 10 Paise Paise Forex

1 week, 4 days ago

Rupee hits record low, RBI intervention counters bearish tilt

Live Mint

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the non-deliverable forwards market, while the central bank's intervention helped prevent sharp losses. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December …

Rupee Dollar Low Rbi

1 week, 4 days ago

India cenbank’s FX swaps spur inversion of rupee forward premiums curve

Live Mint

By Nimesh Vora MUMBAI, Dec 12 - The Reserve Bank of India's forex swaps, to avoid directly impacting cash in the system as it supports the spiralling rupee, and the arbitrage between the offshore and onshore markets have inverted the dollar/rupee forward premiums curve. For instance, the implied yield on the 1-month dollar/rupee forward premium is 30 basis points higher …

Rbi Rupee Onshore Forward Spur Inversion

1 week, 4 days ago

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

Live Mint

Credit cards: Are you all set for vacations as the year comes to a close? Joining fee: ₹12,500 SBI ELITE Credit Card The SBI ELITE Credit Card Foreign offers a currency mark-up charge of 1.99 per cent on international usage. Joining fee: ₹4,999 HDFC Regalia Gold Credit Card This credit card has a foreign currency markup charge of 2 per …

India International Credit Offers International Travel Credit Cards Card

2 weeks ago

Rupee drops 8 paise to close at 84.74 against U.S. dollar

The Hindu

The rupee depreciated 8 paise to close at 84.74 against the U.S. dollar on Monday, dragged down by fresh foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. The Reserve Bank of India on Friday kept its key interest rate …

Rupee Dollar 8 Paise

2 weeks ago

Rupee falls 7 paise to 84.73 against US dollar in early trade

The Hindu

The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous …

Trade Rupee Usd 7 Paise Pabari

2 weeks, 1 day ago

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Live Mint

India's foreign exchange reserves have seen a resurgence after an eight-week decline that pushed them to multi-month lows. According to data released by the Reserve Bank of India earlier this week, reserves increased by USD 1.51 billion, reaching USD 658.091 billion for the week ending November 29. This recovery follows a sustained dip from September's all-time high of USD 704.89 …

India Crore Billion Rbi Usd Reserve Forex

2 weeks, 3 days ago

Forex reserves jump $1.51 bn to $658.091 bn

Deccan Chronicle

Mumbai: India's forex reserves increased by USD 1.51 billion to USD 658.091 billion for the week ended November 29, the RBI said on Friday. For the week ended November 29, foreign currency assets, a major component of the reserves, increased by USD 2.061 billion to USD 568.852 billion, the data released on Friday showed. Gold reserves decreased by USD 595 …

Billion Usd Forex Reserves Reserves Increased

2 weeks, 3 days ago

After 7 weeks of losses, forex kitty adds $1.5 billion; rupee gains on RBI action

New Indian Express

MUMBAI: For the first time in eight weeks, India's forex reserves have increased by a modest $1.51 billion, reaching $658.091 billion for the week ending November 29, after a loss of over $50 billion in the previous seven weeks. According to the weekly statistical supplement issued by the Reserve Bank Friday, the forex kitty made the first recovery in eight …

Billion Rupee Reserve Reserves

2 weeks, 3 days ago

How RBI tried to balance growth-inflation matrix with a CRR cut

India Today

The Reserve Bank of India continues with its tight vigil on inflation, not succumbing to pressure from the Union government to slash interest rates. At the end of the three-day meeting of its Monetary Policy Committee on December 6, the RBI announced that the repo rate—at which commercial banks borrow from the central bank—would remain unchanged at 6.5 per cent. …

Inflation Joshi Rate Cent Growth Crr Rbi Cut

2 weeks, 4 days ago

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar

Live Mint

Mumbai, The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 against the US dollar in a range-bound trade on Thursday, amid a positive trend in domestic equities. Forex traders said the Indian rupee recovered slightly on strength in the domestic markets and overnight decline in crude oil prices. …

Trade Low Rupee Dollar Us Dollar

2 weeks, 4 days ago

Why Funded Firm is Trusted by Over 97,000 Forex Traders Worldwide

ABP News

New Delhi, December 05: In the competitive world of forex trading, having access to the right resources and capital can make all the difference between success and failure. Funded Firm has quickly become one of the most trusted platforms for forex traders by offering a unique model that provides funded accounts, expert support, and advanced trading tools. By offering access …

Support Access Trading Capital Platform Firm Forex

2 weeks, 6 days ago

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis

Live Mint

Bangladesh has slashed its electricity imports from India’s Adani Power by half, citing reduced winter demand and unresolved payment issues amounting to hundreds of millions of dollars, according to government officials, as reported by Reuters. Adani Power reduced its supply on October 31, citing delayed payments from Bangladesh, grappling with a foreign exchange crisis. High Costs Under Scrutiny Adani’s power …

India Bangladesh Power Reuters Adani Bpdb

2 weeks, 6 days ago

Credit card changes in December: 4 banks revise fees and rewards

India Today

As 2024 comes to a close, banks like SBI, Axis Bank, YES Bank, and AU Small Finance Bank are introducing key changes to credit card policies starting December 1. YES BANK From December 1, 2024, YES Bank will limit reward point usage for flights and hotels as follows: MARQUEE credit cardholders can redeem their YES Rewardz points for flights and …

Credit Bank 2024 Card Points Yes Bank Sbi

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India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

Record trade deficit adds to rupee’s challenges, may open to all-time low

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade

Indian rupee to face renewed pressure as US yields climb

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

Rupee hits record low, RBI intervention counters bearish tilt

India cenbank’s FX swaps spur inversion of rupee forward premiums curve

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

Rupee drops 8 paise to close at 84.74 against U.S. dollar

Rupee falls 7 paise to 84.73 against US dollar in early trade

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Forex reserves jump $1.51 bn to $658.091 bn

After 7 weeks of losses, forex kitty adds $1.5 billion; rupee gains on RBI action

How RBI tried to balance growth-inflation matrix with a CRR cut

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar

Why Funded Firm is Trusted by Over 97,000 Forex Traders Worldwide

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis

Credit card changes in December: 4 banks revise fees and rewards