Advertisements India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending… Read More ›
foreign exchange
Rupee Depreciates 12 Paise To Close At 79.64 Against US Dollar
Advertisements The Indian rupee depreciated 12 paise at close on Thursday after reversing early gains due to sharp rise in crude oil prices. At the interbank foreign exchange market, rupee ended at 79.64, after opening strong at 79.2225 from its… Read More ›
As FIIs Come Back, India’s Forex Reserves Rise By USD 2.4 Bn
Advertisements 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… Read More ›
Rupee Rises 13 Paise To 79.11 Against US Dollar In Early Trade
Advertisements The rupee strengthened by 13 paise to 79.11 against the US dollar in opening trade on Monday. Forex traders said the rupee opened stronger as the dollar continued to fall on account of a less aggressive US Fed and… Read More ›
Rupee Rises 15 Paise To Close At 79.76 Against US Dollar
Advertisements The Indian rupee appreciated 15 paise to close at 79.76 against the US dollar on Thursday on hopes of a slower pace of rate hike by the US Fed in the coming months and firm domestic equities. At the… Read More ›
India’s Foreign Exchange Reserves Fall USD 7.541 Bn To USD 572.712 Bn
Advertisements The country’s foreign exchange reserves declined by $7.541 billion to $572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb the fall of the rupee. In the previous week… Read More ›
India Central Bank Prepared To Spend USD 100 Bn More Defending Rupee
Advertisements India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware of the central bank’s thinking… Read More ›
Rupee Appreciates 6 Paise To 79.76 Against US Dollar In Early Trade
Advertisements The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee’s… Read More ›
Rupee Slumps 23 Paise; Hits Record Low Of 79.49 Against USD
Advertisements The Indian rupee weakened by 23 paise to hit a fresh historical low of 79.49 against the US dollar on Monday amid weakness in the equity markets. At the interbank foreign exchange market, the partially convertible rupee started trading… Read More ›
Forex Reserves Down USD 4.5 Bn To USD 596.4 Bn, Shows RBI Data
Advertisements The country’s foreign exchange reserves declined by USD 4.599 billion to USD 596.458 billion in the week ended June 10, RBI data showed on Friday. In the previous week, the reserves had decreased by USD 306 million to USD… Read More ›