India Forex Reserve

Ethanol blending saved foreign exchange worth Rs 1.08 trillion since 2014

Farmers have been paid Rs 92,409 crore so far as part of the ethanol blending program, data shows

Rupee appreciates 6 paise to Rs 84.35 against US dollar in early trade

Rupee appreciated 6 paise to 84.35 against the US dollar in morning trade on Monday, supported by a firm trend in domestic equities. Forex traders said factors like elevated Dollar Index levels, and a nearly 5 per cent surge in crude oil prices over the past week driven by the escalation of the Russia-Ukraine conflict pose significant headwinds for the USD/INR pair. At the interbank foreign exchange, the rupee opened at 84.38 and moved in a tight range and touched 84.35 against the greenback, registering a gain of 6 paise over its previous close. On Friday, the rupee recovered from its all-time low level and appreciated 9 paise to close at 84.41 against the US dollar. The Indian rupee opened with some gains as FPIs selling came down considerably and markets rose last Friday, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. "RBI has also warned banks from taking long side positions in the USDINR pair for speculation purposes," Bhansali ...

Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low

The previous highest weekly fall in foreign exchange reserves was $15.5 billion, recorded for the week ended October 24, 2008, during the global financial crisis

Reserve Bank defends forex policy as India attempts to avert global risks

The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world

Forex reserves slide for fifth week to more than 2-month low at $682 bn

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

Trump's win prompts calls for Indian firms to be cautious on forex risks

Investors are dumping Asian currencies, and the dollar is rallying against its major peers on bets that Trump's expected policies of lower corporate tax and deregulation would boost US growth

India's foreign exchange reserves drop $2.16 bn to $688.26 bn: Govt data

India's forex reserves dropped by USD 2.163 billion to USD 688.267 billion for the week ended October 18, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by USD 10.746 billion to USD 690.43 billion in one of the largest declines in the reserves in recent times, the RBI said on Friday. In the preceding week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion. At the end of September, the reserves had hit an all-time high of USD 704.885 billion. For the week ended October 18, foreign currency assets, a major component of the reserves, decreased by USD 3.865 billion to USD 598.236 billion, the data released on Friday showed. 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. Gold reserves increased by USD 1.786 million to USD 67.444 billion during the week, the RBI said. The Special

Market Today: TCS Q2 nos, NSE weekly options changes, Oil gains, Israel war

At 6:30 AM, GIFT Nifty Futures were trading 39 points lower at 25,079 levels, indicating a weak start for the Indian bourses.

Rupee remains unchanged as RBI's firm grip on currency limit losses

The rupee closed at 83.9775 against the US dollar, little changed from its previous close of 83.9725

RBI likely to continue using forex reserve to reduce volatility: Report

While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat

RBI net buys $6.93 billion in July; forex reserve reaches new high

India's foreign exchange reserves expanded by $67 billion so far in 2024, the second highest among major foreign exchange reserves holding countries, after China

RBI Guv Das stabilises volatile rupee with $689 billion forex reserves

India's current account deficit has also narrowed recently thanks to cheaper oil from Russia and global firms setting up service hubs

RBI expected to step up intervention if the rupee touches 84 level

Indian currency tested a series of record lows in recent days but stopped short of crossing that key level

India's foreign exchange reserves hit new record high of $657 billion

Economists said that reserves rose due to a combination of revaluation and inflows. Forex reserves fell by $1.71 billion to $652 billion during the week ended June 28

Rupee rises 5 paise to 83.44 against US dollar as crude prices come down

The rupee appreciated 5 paise to 83.44 against the US dollar in early trade on Monday, as the American currency and crude oil prices retreated from their elevated levels. Forex traders said foreign fund inflows also aided investors' sentiments and supported the rupee. At the interbank foreign exchange market, the local unit opened at 83.45 and gained further to 83.44 against the greenback, registering a rise of 5 paise from its previous close. On Friday, the rupee settled at 83.49 against the US dollar. According to CR Forex Advisors MD Amit Pabari the Reserve Bank of India (RBI) seems determined to prevent the rupee from depreciating below 83.70. Even with pressure from oil companies due to elevated oil prices. "Overall, positive economic indicators such as a good growth rate, stable inflation, a reduced fiscal deficit, record-high RBI forex reserves, and a pipeline of inflows are all supportive factors that should ideally bolster the rupee," Pabari said, adding that given these

India's forex reserves decline $1.71 bn to $651.99 bn, shows RBI data

India's forex reserves dropped USD 1.713 billion to USD 651.997 billion for the week ended June 28, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall kitty had dropped USD 2.922 billion to USD 652.895 billion. The reserves had touched an all-time high of USD 655.817 billion as on June 7 this year. For the week ended June 28, foreign currency assets, a major component of the reserves, decreased USD 1.252 billion to USD 572.881 billion, the data released on Friday showed. 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. Gold reserves were down USD 427 million to USD 56.528 billion during the week, the RBI said. The special drawing rights (SDRs) declined USD 35 million to USD 18.014 billion, the central bank said. India's reserve position with the IMF was up USD 1 million to USD 4.573 billion in the ..

RBI sold net $3.6 bn in spot forex market in April: Monthly bulletin

The Indian rupee was little changed month-on-month in April but fell to its record low of 83.5750 during the month while its upside was capped at 83.15

Indian firms increased forex hedging in volatile election-results week

Importers bought foreign exchange forward contracts worth $9 billion last week, a more than 70 per cent jump from the same period a year before

Forex reserves hit record high of $651.5 bn as of May 31: RBI Governor

Overall, we remain confident of meeting our external financing requirements comfortably, he says

RBI shifts to NDFs as preferred forex reserves intervention option

The Reserve Bank of India (RBI) has traditionally been more active in the local over-the-counter (OTC) spot market to keep the rupee stable