Page 36 - Finance News Analysis

India's forex reserves slump by another $2.59 bn in week ending March 18

India's foreign exchange (forex) reserves dipped by $2.59 billion in the week ended March 18, recording a sharp drop for the second consecutive week

Inflationary woes over commodity prices to maintain pressure on rupee

Inflationary concerns over elevated commodity prices are expected to maintain pressure on the Indian rupee during the upcoming week

Gold, asset devaluation pulls India's forex reserve down by $2.597 bn

Reserve Bank of India data showed that India's forex reserves fell to $619.678 billion from $622.275 billion reported for the previous week

Rupee advanes 18 paise to 76.15 against US dollar in early trade

The rupee advanced 18 paise to 76.15 against the US dollar in the opening trade on Friday, tracking the weakness of the American currency in the overseas market.

Rupee trades in narrow range against US dollar in early session

The rupee was trading in a narrow range in morning trade on Thursday as elevated crude oil prices negated the impact of positive domestic equities.

Rupee gives up early gains as importers buy dollars; bonds steady

India imports more than 80% of its oil requirements and a rise in global crude prices can push up the country's trade deficit and hurt the rupee

Rupee declines 28 paise to 76.46 against US dollar in early trade

The rupee declined 28 paise to 76.46 against the US dollar in opening trade on Tuesday, following a negative trend in domestic equities amid heightened concerns over global oil supplies.

Rupee slumps 26 paise to 76.10 against US dollar in early trade

The Indian Rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines, said Sriram Iyer, senior research analyst at Reliance Securities

RBI likely to adopt hands-off approach in foreign exchange market

The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.

India's forex reserves dip by $9.64 billion, the biggest drop in 2 years

This sharp decline in the country's foreign currency assets coincides with the week during which the rupee hit an all-time low

India's forex reserves decline 1.53% by $9.65 bn to $622.27 bn

In the previous week ended March 4, the reserves rose $394 million to $631.92 billion

Rupee stages strong comeback after hitting an all-time low on March 7

The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves

RBI remains net seller of US dollars in January; sells $771 million

The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling $771 million in the spot market.

Rupee jumps 41 paise to close at 75.80 against US dollar

The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness.

Rupee spurts by 41 paise to close at nearly two-week high of 76.20

The rupee spurted by 41 paise to close at a nearly two-week high against the US dollar on Wednesday, tracking positive domestic equities and Asian currencies ahead of the US Federal Reserve's decision on interest rate hike.

India's forex reserves rise by $394 million to $631.92 billion

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

Rupee pares initial gains, settles 18 paise lower at 76.61 against dollar

The rupee pared its initial gains and settled 18 paise lower at 76.61 (provisional) against the US currency on Friday amid dollar demand from oil importers and state-run power companies.

Rupee advances 16 paise to 76.27 against US dollar in early trade

The rupee advanced 16 paise to 76.27 against the US dollar in the opening trade on Friday, supported by positive domestic equities and a pullback in crude oil prices.

Rupee gains against the dollar for the third consecutive session

The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.

Rupee rebounds 44 paise to 76.56 against dollar as oil prices retreat

Brent crude futures, the global oil benchmark, were trading 1.88 per cent lower at USD 125.57 per barrel