Forex Market

Liquidity deficit swung from Rs 30,000 crore to Rs 3 lakh crore between December 16 and February 14 due to tax outflows, RBI intervention in the forex market and limited spending by government, the central bank's data shows

Booming offshore Rupee bond market set for record year of supply

Investors have this year bought more than Rs 42,000 crore of offshore rupee bonds, which are rupee denominated but settled in dollars. That is almost double last year’s tally and has already beaten the full-year record set in 2017.

RBI issues updated list of unauthorised forex trading entities, 14 more entities added

The central bank added 14 entities to the list including FX Western, Pepperstone, and QuotexFX, release said.

Banks looking at possibility of rupee trade with Bangladesh, African nations

The overseas trade in rupee would safeguard the external sector from fluctuation in the forex market.

As forex trading volume zooms, these currencies make their presence felt

The US dollar continues to reign supreme but some currencies have defied gravity when it comes to forex trading volume in the past three months. On the flipside, currencies such as Russian rouble, Turkish lira and Argentinian peso have fallen off a cliff.

Chart of the Day: The US dollar is king 

While most foreign exchange trades are in USD, London continues to be at the centre of currency trading

Is the dollar about to take a turn?

If the economy and inflation weaken, the Fed is likely to pause and the US currency will reverse direction 

A relook at RBI's extraordinary steps in 2013 to stabilise rupee

While there is no need today for expensive schemes such as the FCNR (B) swap window, it is always prudent to review contingency plans 

FAQs on rupee depreciation and its implications

The major part of the rupee depreciation is behind us

Rupee: More pain in store before we see some stability

As INR continue to witness fresh lows, the implied volatilities remain low as RBI remains vigilant on either direction, of course with the underlying weakening trend 

Time will tell the extent to which the rupee gets internationalised

Going by the experience of masala bonds, it is worth noting that their issuance has remained a very minor and insignificant fraction of overall external commercial borrowings 

Falling rupee and a balance of payments flux — What can be done?

Even if India records a negative BOP of $100-125 billion in 2022-23, the forex reserves will come down to only $500 billion or so, which is very large for India’s needs from any standpoint. Thus, there is no need to panic 

RBI measures unlikely to open forex floodgates, may not stop rupee slide: Experts

The central bank announced measures on July 6 to boost foreign exchange inflows and alleviate pressure on the rupee’s exchange rate

Indian rupee settles 28 paise higher at 73.61 against US dollar

At the interbank forex market, the domestic unit opened at 73.76 against the US dollar, then gained further ground to finally close at 73.61, registering a rise of 28 paise over its previous close.

Indian rupee pares early gains, settles 1 paisa down at 74.33 against US dollar

At the interbank forex market the domestic unit witnessed highly volatile trade. It opened on a strong note at 74.17, but lost ground during the day and finally ended at 74.33 against the greenback, down 1 paisa over its previous close of 74.32 against the American currency.

Budget 2020: 'Overambitious estimates of disinvestment & GST collections will spook markets'

Rolling out new schemes without laying down how these would be funded and without elaborating on how they would be executed will not go down well with markets.

Indian rupee pares initial losses, still down 2 paise vs USD

The rupee resumed lower at 65.08 per dollar as against last closing level of 65.04 at the Interbank Forex Market.

Indian rupee pares initial gains in late morning deals

The rupee opened higher by 7 paise at 64.95 as against yesterday's level of 65.02 at the interbank forex market (Forex) market.

RBI net buys $3.53 bn from spot market in March

In the reporting month, the central bank had bought USD 5.02 billion while it sold USD 1.486 billion in the spot market, according to the central bank data.

Rupee scales 20-month high on RBI's growth outlook

Keeping its bullish wave intact, the rupee today soared to a near 20-month high of 64.52, firming up by another 35 paise against the US dollar on massive unwinding of the American currency by exporters amid buoyant growth outlook by the Reserve Bank.

Gold regaining the Rs 26,000 mark

Silver followed suit and recovered to close higher on increased offtake by industrial units and coin makers. In the global market, the precious metal once again topped the USD 1,100 an ounce mark.

Rupee opens marginally higher at 66.11 per dollar

The market participants will keenly await the Reserve Bank of India (RBI) policy announcement tomorrow and we expect trade to be rangebound ahead of the RBI meet, says Agam Gupta of Standard Chartered.

Gold recovers Rs 110 on jewellers' buying

However, silver eased Rs 325 to Rs 35,250 per kg due to reduced offtake by industrial units and coin makers. Bullion traders said emergence of buying by jewellers and retailers at the existing levels to meet wedding season demand mainly led to recovery in gold prices.

Gold extends losses; down Rs 100 on global cues, low demand

Silver followed suit and lost another Rs 450 at Rs 33,750 per kg. Traders said weakening global trend amid speculation that the Federal Reserve will raise interest rates as early as September kept pressure on the precious metal.