Foreign Exchange

Balancing liquidity and the rupee’s level is getting tricky

India’s FX reserves to rise for latest week despite RBI support, swap maturity, economists say

A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves

PSU banks report 161% year-on-year surge in forex income in Q1FY26 as rupee weakens

In Q1FY26, the Indian rupee depreciated by 2.03 percent against the US dollar, creating favourable conditions for forex trading gains.

RBI net sold $1.66 billion in spot forex market in April, shows bulletin

In April, the domestic currency was under pressure for few days after the US President Donald Trump announced the imposition of tariffs.

The wheels that may spin the Indian Rupee on an appreciation path

The Indian rupee is gaining ground as global investors bet on India’s economic resilience and dollar weakness, but there are risks ahead

Bond investors must pay attention to RBI’s forex forward book for direction

Bonds can bask in policy rate cut expectations but watch for forex forward unwinding

Forex reserves record biggest weekly gain since 2021

Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed

Chart of the Day: How to read RBI’s forex intervention? Look both sides

Forex intervention is a necessity in the age of growing global uncertainties.

A change of guard at the RBI may not mean a change of approach in forex

New governor Malhotra has stuck to the old script when it comes to forex intervention, both in talk and walk

India's foreign exchange reserves halt 7-week losing spree as rupee pressure eases

The reserves rose by $5.58 billion in the reported week, the biggest increase in four months. They had fallen cumulatively by more than $34 billion in the prior seven weeks.

Chart of the Day: RBI’s forex position shows why a CRR cut was coming in December

The RBI’s forex operations are the biggest drag on liquidity

Rupee depreciates 1.40% so far in 2024, likely to head to 85 against US dollar

According to the Bloomberg data, in comparison to Japanese Yen and South Korea’s Won, Indian rupee seems to have held up well with volatility depreciating 1.40 percent against the US dollar

How much is too much in RBI’s forex market intervention?

Central bank interventions tend to distort market price but that is a cost worth taking sometimes

RBI sold $1.929 billion in spot forex market in November: Bulletin

The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn’t represent the views of the central bank.

RBI consolidates norms of Currency Futures, Exchange Traded Currency Options in one direction

These directions shall come into effect from April 5. In its December monetary policy, the RBI said that it will review the regulatory framework for hedging foreign exchange risks

On the rupee, RBI follows a principle, but is not dogmatic

Within the space of under two years, the RBI has become pretty active in the market, vindicating the IMF’s stance that the rupee is not freely floating any more

India's foreign exchange reserves jump $2.538 billion to $597.935 billion

The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year.

Rupee falls by 14 paise to 83.23 against US dollar

At the interbank foreign exchange market, the rupee opened lower at 83.18 against the US currency. The local unit remained under pressure in the day trade moving in a range of 83.17 to 83.25. The rupee settled at 83.23 (provisional) against the US dollar, showing a loss of 14 paise over the last close.

Rupee settles 1 paisa higher at 83.29 against US dollar

At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of 1 paisa from its previous close.

Rupee falls 6 paise to end at 83.28 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.22 and touched a low level of 83.29 against the greenback. It finally settled at 83.28 (provisional) against the dollar, registering a loss of 6 paise from its previous close.

Rupee settles flat at 83.25 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.24 and traded in a narrow range of 83.22 to 83.25 before settling flat at Thursday's closing level of 83.25 (provisional) against the greenback.

Rupee settles flat at 83.13 against US dollar

At the interbank foreign exchange market, the local unit opened weak at 83.17 and traded between the peak of 83.03 and the lowest level of 83.20 against the greenback.

Rupee rises 3 paise to close at 83.24 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.24 against the US dollar and moved in a range of 83.22 to 83.26 in the day trade.

Rupee settles 2 paise lower at 83.26 against US dollar

At the interbank foreign exchange, the rupee opened at 83.25 and traded in a narrow range before settling at 83.26 (provisional) against the greenback, 2 paise lower from its Thursday closing level.

Rupee rises 7 paise to settle at 83.18 against US dollar

At the interbank foreign exchange, the rupee opened strong at 83.20 and traded between the intra-day peak of 83.15 and the lowest level of 83.24 against the greenback.