Forex

The gold reserves increased by $2.238 billion to $95.017 billion during the week, the central bank said

RBI net sold forex worth $34.5 billion in FY25 amid rupee volatility

RBI has said that the financial markets remain volatile amid heightened global uncertainties, following US President Trump’s tariffs.

Forex reserves jump $4.5 billion to $690.61 billion on rise in gold assets

In the previous reporting week, the overall reserves had dropped by USD 2.065 billion to USD 686.064 billion.

Share of gold in forex reserves doubles in four years, RBI report shows

In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.7% by end-March, from 9.32% as at end-September 2024

Rupee gains ground, opens 20 paise up against dollar at 85.48

Foreign fund inflows and a weaker dollar are supporting the currency

India's forex kitty rises by $305 million to $654.271 billion

For the week ended March 14, foreign currency assets, a major component of the reserves, decreased by USD 96 million to USD 557.186 billion, the data released on Friday showed

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

India's forex reserves drop by $8.714 billion to $625.871 billion

For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by USD 9.469 billion to USD 536.011 billion, the data released on Friday showed.

India's forex reserves halt 7-week rising streak, come off record high

The reserves fell by $3.71 billion in the reporting week, after having risen by a total of nearly $35 billion in the prior seven weeks

India's forex reserves hit record high

The reserves rose by $2.3 billion in the reporting week, after having risen by a total of $11.6 billion in the prior two weeks

India's forex reserves drop $4.8 billion to $670.11 billion

The Special Drawing Rights (SDRs) were up by USD 121 million to USD 18.282 billion, the apex bank said.India’s reserve position with the IMF increased by USD 18 million to USD 4.638 billion in the reporting week, the central bank data showed

Forex reserves drop $3.47 billion to $667.386 billion

The reserves fell by $3.5 billion in that week, the most in over three months. They had risen by a total of $18.9 billion in the previous three weeks and hit a record high of $670.86 billion in the week ended July 19

India's forex reserves decline $1.71 billion to $651.99 billion

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.

Rupee rises 1 paisa to close at 83.49 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.48 and hit the intraday high of 83.45 and a low of 83.50 against the American currency during the session

India's forex reserves jump $4.3 bn to hit new all-time high of $655.8 bn

The reserves rose by $4.3 billion in the reporting week, adding to last week's $4.8 billion increase.

Market expectations shift on rate cuts as Goldman Sachs foresees divergence between US Fed, G10 central banks

Several economists anticipate a near-term divergence between the Federal Reserve and most G10 central banks due to the Fed's anticipated delay in initiating rate cuts.

Rupee rises 3 paise to end at 83.43 against US dollar

Forex traders said a massive selling in the domestic equity market and outflow of foreign funds capped the gains in the local currency

India's foreign exchange reserves drop to six-week low

Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund.

Indian forex, bond investors eye Middle East developments, US inflation

The rupee dropped to a record low of 83.5750 to the U.S. dollar on Friday amid worries over a wider conflict in the Middle East and expectations that U.S. interest rates are likely to remain higher for longer.

What is carry trade and how does Bank of Japan’s rate hike affect it?

While the carry-trade strategy is popular with forex traders, it is also used by fund managers who deal in equities and commodities, and bonds.

India's forex reserves jump $6.55 bn to $625.63 bn

In the previous reporting week, the overall reserves had risen by USD 2.975 billion to USD 619.072 billion.

Forex reserves fall sharply by $5.89 bn to $617.3 bn: RBI

In the previous reporting week ended December 29, the reserves rose USD 2.759 billion to USD 623.2 billion, the highest so far this fiscal.

ED arrests Viraj Patil in TP Global illegal forex case

Viraj Patil was arrested from Mumbai on arrival on December 25 from Mumbai before which he was staying in Dubai.

RBI releases draft licensing framework for authorised persons under forex law

The central bank said comments or feedback on the draft framework are invited from all stakeholders till January 31, 2024.

5 points on IMF, RBI disagreement over forex market intervention

RBI officials, in their meetings with the IMF, said the forex market interventions were in line with the "best principles of transparency" and that the rupee's exchange rate continues to be market determined.