Page 43 - Finance News Analysis

Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report

The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday

Indian Rupee declines 7 paise to close at 75.03 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent up at 93.97

Indian Rupee recovers 12 paise to end at 74.96 against US dollar

The rupee snapped its two-session losing streak to settle 12 paise higher at 74.96 (provisional) against the US dollar on Tuesday, tracking a positive trend in domestic equities.

Indian Rupee settles 18 paise lower at 75.08 against US dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent higher at 93.76.

BNPL players hawk nearly $8 billion in credit to a wide swath of society

They are largely digital non-banking financial companies with credit lines from banks

Soon, regular yoga will get you a discount on your insurance premium

Irdai set to allow wellness programme along with life plans; policyholders participation voluntary

Indian Rupee rallies 47 paise to close at 74.88 against US dollar

A surging American currency in the overseas market and losses in the domestic equity markets put some pressure on the rupee, forex dealers said.

Indian Rupee settles 9 paise lower at 75.35 against US Dollar

At the interbank forex market, the local unit opened on a steady note and later traded in a narrow range of 75.24 to 75.38 against the American currency.

Dollar looks set to end week down, yen nears a 3-year low

Global stock markets have rallied this week as fears about a stagflationary economy have been eased by forecast-beating corporate earnings in the United States.

Strong forex reserves to help India manage global shocks: D Subbarao

Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday

Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices

Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 278.32 crore

Rupee rises 26 paise to 75.26 against US dollar in early trade

The Indian rupee appreciated 26 paise to 75.26 against the US dollar in opening trade on Wednesday, supported by positive macroeconomic data and a rally in domestic equity market

Rupee declines 16 paise to 75.52; extends losses for third day

The Rupee was weighed down by a strong greenback in the overseas market and firm crude oil prices

Rupee slumps 37 paise to close at 15-month low of 75.36 against US dollar

Rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment.

Oil drives Indian rupee lower, 10-year yield to 18-month high

India imports 80% of its oil needs and high prices result in increased imported inflation and have a spiralling impact on the prices across other sectors.

Fall in travel, an unequal regulatory regime hit fortunes of money changers

The money-changing business was by no means booming before the pandemic; it has been evident for some time now that technology will reshape the business

Forex reserves down by $1.169 billion to $637.477 billion

The country's foreign exchange reserves dipped by $1.169 billion to stand at $637.477 billion in the week ended October 1, RBI data showed on Friday

Indian Rupee slumps 20 paise to close at 74.99 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15.

Life insurers see impressive 22% YoY growth in new business premium in Sept

While private insurers, 23 in total, saw their NBP go up over 42%, LIC saw a 12 per cent rise

Rupee rises 22 paise to 74.76 against US dollar in early trade

The Indian rupee appreciated 22 paise to 74.76 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities.