The Indian rupee appreciated 11 paise to 83.84 against the U.S. dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows. “The rupee emerged as the least volatile among its peer currencies, a testament to the RBI’s decisive actions, which were further reflected in the nearly $5 billion dip in India’s Forex …
Highlights Ind's forex reserves during week that ended on Oct 21 fell to new over 2-year low of USD 524.520 bn India forex reserves were at 528.367 bn during the week that ended on Oct 14, says RBI data India's foreign currency assets declined by USD 3.59 billion to USD 465.075 billion Forex reserves India: India's foreign exchange reserves during …
MUMBAI: The rupee appreciated 8 paise to close at 79.79 against the US dollar on Monday, in line with a firm trend in domestic equities. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.28 per cent to 109.83. Gains in the dollar extended after non-farm payrolls numbers released from the US came in …
India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by foreign investors in the Indian equity market. The country's foreign exchange reserves rose by $2.315 billion to $573.875 billion during the week ending June 29, according to the Reserve Bank of India's weekly supplementary …
A key factor that influences the foreign exchange market is the interest rate changes made by major central banks such as the Federal Reserve of the United States, Bank of England, and the European Central Bank. Impact of interest rate changes When the interest rates are hiked, the forex traders want to buy the currency and its exchange rate rises. …
Sri Lankan President Gotabaya Rajapaksa has declared an economic emergency to contain soaring inflation after a steep fall in the value of the country's currency caused a spike in food prices. President Rajapaksa on Tuesday declared the state of emergency under the public security ordinance to prevent the hoarding of essential items, including rice and sugar. “The president has promulgated …