News Muncher - category forex

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, 17 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

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

Best credit cards for international students: Top 3 picks for abroad

Live Mint

If you are a student planning to pursue education abroad, financing your expenses might be the biggest challenge. Features of a student credit card Fees and charges: Most student credit cards do not levy any joining fees and have minimal annual fees compared to a usual credit card. Validity: The validity for most student credit cards is around five years, …

Students Credit Credit Cards Card Cards Abroad This Card

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

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

1 week, 5 days ago

New Challenges for New RBI Governor

Deccan Chronicle

The new year 2025 is going to see a new and very different MPC composition with three newly appointed external MPC members in October 2024, being now joined by the new governor and possibly a new deputy governor in January 2025 with deputy governor Michael Patra's tenure getting over. Entrenched state of India's stagflation, tricky timings and small window of …

India Governor Mpc Revenue Secretary Easing Policy Window

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, 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

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

Live Mint

India's foreign exchange reserves extended losses for the eighth consecutive week to hit a five-month low after dropping by $47 billion cumulatively in the last seven weeks. The forex reserves dropped by $1.31 billion to $656.582 billion for the week ended November 22, Reserve Bank of India data showed on Friday. Forex traders said dollar demand from importers for meeting …

India Trump Billion Cent Foreign Rbi Low

3 weeks, 3 days ago

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India TV News

India's forex reserves dropped USD 1.31 billion to USD 656.58 billion for the week ended November 22, the Reserve Bank of India said. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was released on Friday, showed. India's reserve position with …

India Billion Rbi Usd Forex Reserves

1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India Currency Billion Foreign Rbi Low Rupee

1 month, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

India Billion Foreign Rbi Usd Reserves Foreign Currency Assets

1 month, 1 week ago

Forex card vs debit card: Which helps save on markup fees?

Live Mint

When travelling abroad, travellers can choose between cash and card for payments. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside India. Assuming the cardholder used a debit card on the Visa network, swiping the card for payments worth $500 would debit …

Visa Currency Cards Rate Hdfc Bank Hdfc Debit Card

1 month, 2 weeks ago

ED raids five locations in Mumbai in connection with illegal forex sale case

India Today

The Enforcement Directorate's Mumbai zonal office conducted search operations at five locations in Mumbai in connection with a case of suspected illegal sale and distribution of Forex by FFMCs. The raids were conducted on Thursday under the provisions of the Foreign Exchange Management Act, 1999 at premises of Kuntilaa Forex Pvt Ltd, Shagun Enterprises, Capital India Finance Ltd and MDB …

Mumbai Pvt Forex Illegal Sale Kuntilaa Forex Pvt Ltd Capital India Finance Ltd

1 month, 2 weeks ago

Two bogus call centres in western suburbs busted by Crime Branch

Hindustan Times

Mumbai: The Mumbai crime branch on Thursday arrested 19 people for operating two illegal call centres, one of which duped foreign nationals under the pretext of providing services by Google, while the other targeted Indians by convincing them to invest in forex trading. Two bogus call centres in western suburbs busted by Crime Branch According to the police, a few …

Crime Google Centre Kandivali Crime Branch Branch Forex Trading

1 month, 2 weeks ago

ED seizes 4.6cr forex in FEMA probe

Hindustan Times

MUMBAI: The Mumbai unit of the Enforcement Directorate seized foreign currencies worth ₹4.6 crore during searches at five locations in the city, mainly at the premises of four entities that are Full-Fledged Money Changers. ED seizes 4.6cr forex in FEMA probe The investigation was initiated based on observations related to unusual financial activities during the financial year of 2022-23 in …

Foreign Exchange Fema Foreign Rbi Forex Kfpl

1 month, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

India Foreign Exchange Billion Rbi Rupee Making

1 month, 2 weeks ago

Forex reserves dip for fifth week to over two-month low, rupee slides to record low

New Indian Express

MUMBAI: The foreign exchange reserves continued to fall for the fifth consecutive week to an over two-month low of $682.13 billion for the week ending November 1, dropping by $2.7 billion as the central bank continued to defend the unit which has been under continuous assault by the dollar. Since the peak it climbed in the week to September 27, …

Billion Low Forex

1 month, 2 weeks ago

What Trump's win means for the Indian rupee

Live Mint

Mumbai: The Indian rupee is expected to remain under pressure on the back of a strengthening US dollar as Donald Trump wins the presidential race, experts said, prompting the Reserve Bank of India to curb volatility in the forex market. “However, in a slowing and fragile global economy, we firmly believe that economics is likely to trump politics," said Kanika …

India Market Trump Indian Rbi Rupee Dollar

1 month, 4 weeks ago

How a Low Forex Markup Fee Can Save You Money on International Transactions

Live Mint

Credit cards with low forex markup fees can help users save money on international transactions and currency exchanges. A low markup fee means that banks and credit card companies charge a smaller percentage to convert currencies, resulting in lower transaction costs and potentially significant savings. This benefit is particularly valuable for frequent travellers who make numerous international payments. Additionally, low …

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Articles for Forex

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

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

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

Best credit cards for international students: Top 3 picks for abroad

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

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

New Challenges for New RBI Governor

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

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

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Forex card vs debit card: Which helps save on markup fees?

ED raids five locations in Mumbai in connection with illegal forex sale case

Two bogus call centres in western suburbs busted by Crime Branch

ED seizes 4.6cr forex in FEMA probe

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

Forex reserves dip for fifth week to over two-month low, rupee slides to record low

What Trump's win means for the Indian rupee

How a Low Forex Markup Fee Can Save You Money on International Transactions