News Muncher - searching for rupee

1 week ago

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

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, 4 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

2 weeks, 4 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

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

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

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

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

4 months ago

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

The Hindu

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 …

India Billion Rupee 11 Paise Forex Pabari

4 months, 4 weeks ago

Forex kitty crosses USD 670 billion, but rupee falls by two paise

New Indian Express

MUMBAI: The nation’s forex reserves have touched a new all-time high of $670.86 billion for the week ending July 19, adding $4 billion from the previous week, as foreign funds continue to flow in the country after the government bond inclusion into a global debt index last month. According to the weekly statistical supplement issued by the Reserve Bank Friday, …

Billion Reserve Forex Kitty

5 months ago

Forex kitty up by $10 billion to $667 billion

New Indian Express

MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into government debt after its inclusion into a global debt index from late last month. According to the latest data released …

Billion Forex Kitty

6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

India Foreign Rbi Reserves

8 months, 2 weeks ago

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Live Mint

India's foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, data released by the the Reserve Bank of India showed on Friday, April 5. The forex kitty had increased $140 million to $642.631 billion in the previous reporting week, according to RBI data. For the week ended March 29, the foreign currency assets, a …

India Billion Rbi Reserve Forex Reserves Forex Reserves

8 months, 2 weeks ago

RBI reiterates need for underlying forex exposure for rupee derivatives transactions

Live Mint

The Reserve Bank of India has reiterated that underlying foreign exchange exposure is necessary for transacting in exchange-traded currency derivatives. According to an RBI circular dated 5 January, which was meant to come into effect from today, both proprietary traders and retail investors were required to show either contracted or anticipated currency exposure to engage in the currency derivatives segments …

Currency Rbi Exposure Exchange Derivatives Underlying

8 months, 2 weeks ago

RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%

News 18

The RBI’s monetary policy committee on Friday decided to keep the repo rate unchanged for the seventh time in a row, at 6.5 per cent. FY25 GDP Growth The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, …

India Policy Growth Inflation Cent Rate Rbi

1 year ago

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

Firstpost

India’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December …

India Bank Currency Central Billion Foreign Rbi

1 year ago

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

Live Mint

Amid heavy inflows in Indian debt and equity markets, India's foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of December 15, according to the data released by the Reserve Bank of India on Friday. The Reserve Bank of India's intervention in forex markets along with valuation changes impact reserves. Foreign …

India Indian Billion Reserve Reserves

1 year, 3 months ago

RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank

Live Mint

Deutsche Bank Thursday said the Reserve Bank of India can spend up to $30 billion from the over $594 billion of forex reserves to defend the domestic currency and even though the country will be left sufficient reserves to take care of import bills for next ten months, reported PTI. The German brokerage said the Indian rupee is trading close …

Indian Prices Report Rbi Deutsche Bank

1 year, 9 months ago

RBI sold net 384 million dollars in Jan 2023 in spot forex market

Live Mint

The Reserve Bank of India sold 384 million dollars in the spot forex market during the month of January 2023. To tame rupee depreciation this fiscal year, RBI has been intervening in the forex market via both spot and forward positions. Meanwhile, the outstanding net forward purchase at the end of the month stood at $21.729 billion. This is compared …

Month Billion Jan Dollar Sold Net Spot Market 2023 Rbi

2 years ago

Rupee slips 10 paise to 82.80 against dollar

Deccan Chronicle

MUMBAI: The rupee declined 10 paise to settle at 82.80 against the US dollar on Wednesday as a massive sell-off in domestic equities and risk aversion in global markets dented investor sentiment. On the domestic equity market front, the BSE Sensex ended 635.05 points or 1.03 per cent lower at 61,067.24, while the broader NSE Nifty fell 186.20 points or …

Cent Rupee 10 Paise

2 years ago

Rupee declines 13 paise to 82.75 against dollar

Deccan Chronicle

MUMBAI: The rupee depreciated 13 paise to settle at 82.75 against the US dollar on Tuesday as investors turned cautious in view of a negative trend in domestic equities and rising crude prices in the global markets. On the domestic equity market front, the BSE Sensex ended 103.90 points or 0.17 per cent lower at 61,702.29, while the broader NSE …

Rupee 13 Paise

2 years ago

Rupee falls 3 paise to close at 81.71 against US dollar

Deccan Chronicle

MUMBAI: The rupee slipped 3 paise to close at 81.71 against the US dollar on Tuesday as rising crude oil prices in the international market weighed on forex market sentiment. At the interbank foreign exchange market, the local unit opened strong at 81.58 but later slipped into the negative territory. Global oil benchmark Brent crude futures surged 2.33 per cent …

3 Paise Local Unit Unit Forex Rupee Slipped Local Unit Forex

2 years, 1 month ago

Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18

News 18

India was the largest economy of the region in the 1900s, and it made sense for smaller economies to have a similar currency for ease of trade. The recent announcement of the Reserve Bank of India to make Rupee as preferred mode of international trade is a progressive move. $5-trillion economy has been a key growth target driver for which …

India Economy Growth China Russia Indian Taiwan

2 years, 1 month ago

India's foreign exchange reserves at new over 2-year low amid weak rupee

India TV News

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 …

India Billion Rbi Low Rupee Usd Forex

2 years, 2 months ago

Falling reserves and the bogey of the RBI’s role

The Hindu

There is a widespread misconception that the Reserve Bank of India has been depleting India’s foreign exchange reserves to defend the rupee. The RBI cannot simply fritter away India’s forex reserves, held mostly in dollars, by charging its “nostro” account with the Federal Reserve Bank of New York, New York. Central bank as regulator, player and jury The RBI’s intervention …

Market Bank Billion Exchange Dollars Forex Reserves

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Articles for Forex, search results for rupee

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

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

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

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

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

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

What Trump's win means for the Indian rupee

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

Forex kitty crosses USD 670 billion, but rupee falls by two paise

Forex kitty up by $10 billion to $667 billion

India's forex reserves hit record high of $651.5 billion as of May 31

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

RBI reiterates need for underlying forex exposure for rupee derivatives transactions

RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank

RBI sold net 384 million dollars in Jan 2023 in spot forex market

Rupee slips 10 paise to 82.80 against dollar

Rupee declines 13 paise to 82.75 against dollar

Rupee falls 3 paise to close at 81.71 against US dollar

Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18

India's foreign exchange reserves at new over 2-year low amid weak rupee

Falling reserves and the bogey of the RBI’s role