Page 7 - Forex Market

Forex reserves rise by $5 billion to lifetime high of $609 billion

Gold reserves rose by USD 365 million to USD 36.296 billion in the period under review, the data showed.

Rupee slips 2 paise against US dollar amid higher crude oil prices

Higher crude oil prices weighed on forex market sentiment

Asian central banks build dollar war chests, prep for US Fed policy

India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.

Foreign exchange reserves cross $600 billion mark for first time

Forex reserves rose by $6.842 billion in the week ended June 4

Forex volatility falls to pre-pandemic lows as traders wait it out

The Deutsche Bank Currency Volatility Index hit its lowest since February last year.

Rupee gains for 3rd straight session; rises 15 paise to 72.45 against USD

On Thursday, the rupee had settled at 72.60 against the US dollar.

Rupee will be in suspended animation for some time

While a value of Rs 74-74.5/$ looks fair, one can never tell. The RBI may have to intervene if the rupee crosses the 75 mark and edges upwards

Analysts see rupee at 76.5; Four factors that may guide the trajectory

Rupee vs Dollar: Over the short-term, currency watchers expect the rupee to fall on the back of the RBI's plan to buy government bonds worth Rs 1 trillion from the secondary market

India's forex reserves increase by $689 million to $584.55 billion

The reserves increased for the second consecutive week

Shift from rates to managing the emerging Quadrilemma

A large autonomous driver of liquidity has been RBI intervention in the foreign exchange markets.

'See rupee trading in the range of 72.50 to 74.50 in the short term'

Receiving longer tenor, therefore, looks a good proposition considering the steepness of the curve. Near-end is likely to remain anchored on account of abundant Rupee liquidity in the banking system

Foreign exchange reserves surge by $4.2 bn to $485.31 bn, says RBI

The gold reserves rose by $13 million to $32.291 billion in the reporting week

Rupee can depreciate another 4% despite RBI's liquidity support measures

The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.

Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar

Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.

India's forex reserves soar to record $473 billion, gold down by $218 mn

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

24x7 Forex market ops: Some NDF volume to move onshore, say experts

The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator

India plans to migrate rupee trading back home. Why is that an uphill task?

London has become the biggest center for trading the Indian currency, according to the latest survey by the Bank for International Settlements in September.

Rupee opens 26 paise higher against US dollar amid firm global cues

The domestic unit on Wednesday gained 27 paise to settle at 72.12 in line with a recovery in domestic equities.

Bank mergers may bring down the curtains for old-world forex brokerages

The flurry of state-run bank mergers will see an era come to an end

Rupee hits 1-week low, down 7 paise at 64.15

Sustained capital outflows and a sudden spike in crude oil prices globally too largely weighed on the forex market