Forex

The balance of risk improved as downside risk to growth declined along with upside risk to inflation, according to Gaura Sengupta, chief economist at IDFC First Bank

FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation

RBI Governor Sanjay Malhotra has said that banks have mobilised $32 billion under recent measures, though the inflows are yet to significantly boost forex reserves, banking liquidity or the rupee

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

India's forex reserves jumped USD 964 million to USD 675.157 billion in the week ended July 10, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had jumped by USD 7.26 billion to USD 674.193 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended July 10, foreign currency assets, a major component of the reserves, increased by USD 930 million to USD 546.508 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves increased by USD 24 million to USD 105.223 billion during the week, the RBI ...

Money changers say ambiguity over the principal-agent framework, liability and compliance could delay the rollout of the new forex correspondent category

India's forex reserves dropped USD 5.654 billion to USD 666.933 billion during the week ended June 26, the RBI said on Friday. In the previous reporting week, the kitty jumped USD 963 million to USD 672.587 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals, starting May 11, to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended June 26, foreign currency assets, a major component of the reserves, decreased USD 150 million to USD 541.067 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation

NRI money can steady a wobble but it's not a substitute for durable capital inflows. We need structural changes in the bond and equity markets

The revised framework aligns foreign exchange risk calculations with Basel standards and allows certain structural foreign-currency exposures to be excluded from NOP calculations

TNC Rajagopalan answers readers' SME queries related to GST, export and import matters

Banks have been asked to furnish daily details of FCNR(B) deposits, ECBs and OFCBs mobilised under the RBI's concessional swap facilities announced on June 8

The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.

The clock is ticking on the capital inflows that the recent measures of the government and the RBI are expected to garner

Reports first mark-to-market loss on forward contracts in at least five years

RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices

Earning as important as conserving forex; tourism needs better positioning

ABB reported strong order inflows in Q1CY26, but margins remained under pressure due to higher raw material costs, forex volatility and slower execution

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

Decline in foreign currency assets and gold reserves pulls down India's forex reserves in the week ended April 24, according to RBI data

Feedback highlighted operational challenges in capturing and reporting transactions undertaken by related entities across jurisdictions