Page 5 - Currency

Stop-start in currency volatility: Markets deliver consistent daily shifts

Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate

Banks urge RBI to inject liquidity via foreign-exchange swaps amid crunch

The higher financing costs are posing a challenge for the RBI to support an economy that's witnessing a slowdown in manufacturing activities

Increase in rupee volatility in Dec shows little signs of abating

Implied volatility over 3-month, 6-month period remains elevated

Rupee hits new low for sixth straight session; settles at Rs 85.20

Liquidity deficit widens to 7 month high

Rupee defence strategy: Why RBI should embrace currency flexibility

India now holds about $650 billion in reserves, enough to finance nearly a year of imports. The problem is that global financial markets have even more firepower

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

India's foreign exchange reserves decline to 5-month low of $654.8 billion

The RBI is expected to have sold net dollars worth $61.1 billion to protect the domestic currency

Trump's trade adviser warns against China's attempt to manipulate currency

Peter Navarro, Trump's new senior counselor for trade and manufacturing, said White House would not interfere with the Treasury's review to see foreign trade partners are not manipulating currencies

Rupee stares at 85 against dollar amid GDP worries, hits fresh low of 84.70

Falls 21p to new low of 84.70; RBI has limited intervention room

Trump's threat of 100% customs duties on Brics nations unrealistic: GTRI

The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said on Sunday. BRICS, formed in 2009, is the only major international group of which the US is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the UAE. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US dollar or creating their own BRICS currency. India has so far not been part of the move. On Saturday, Trump warned BRICS nations against such a move. The Global Trade Research Initiative (GTRI) said that tariffs of this scale would harm the US consumers only as it would push prices on imports, disrupt global trade, and risk retaliation from key trading partners. "Trump's threat to impose 100 per cent tariffs on countries adopt

Donald Trump's tariff vow hits Mexican, Canadian currencies, yen firm

Dollar jumped more than 2.5 per cent against the peso to its highest since July 2022 in New York afternoon trade

CEA advises India Inc not to seek protective cover of weak currency

Chief Economic Advisor V Anantha Nageswaran on Thursday advised India Inc not to seek protective cover of weak currency as it is not a substitute for productivity and investment in research and development. A weak currency can be good for exporters, making their products relatively less expensive for buyers abroad. Nageswaran further said the reliance on weak currency should not be instrumental to boosting exports, "if anything, it should be part of the policy arsenal to be deployed contextually, but not as a substitute for productivity, investment in R&D and quality, but as a complement at best". Nageswaran further said the reliance on weak currency should not be the answer, if anything it should be part of the policy arsenal to be deployed contextually, but not as a substitute for productivity, investment in R&D and quality, but as a complement at best. "We should not be thinking about in terms of the transformation of competitiveness, which is to continuously expect the ...

BS Poll: Rupee may depreciate to 84.5 against US dollar by end of December

RBI is expected to be active in the currency market, which will cap the losses

Rupee near all-time low: 3 big reasons why rupee is falling?

Lately, the Indian rupee has been facing tough times. As of now, the Indian rupee is trading at around 84.07 to the US dollar. This is very close to its lowest point ever, which was 84.075.

Feasibility of expanding RTGS to settle transactions can be explored: Das

Divergence in global monetary policies can be expected to lead to volatility in capital flows and exchange rates, which may disrupt financial stability, says Das

NBFCs turning to alternative funding sources amid slower bank loans

This shift has been spurred by changes in banking regulations, making it more difficult for NBFCs, especially those with lower credit ratings, to secure bank funding

Dollar drifts, risk-sensitive currencies lifted by China optimism

Data on Thursday suggested the US labour market remained fairly healthy

India, Myanmar discuss ways for bilateral trade through local currencies

India and Myanmar on Saturday discussed ways to promote bilateral trade through their local currencies rupee and kyat. The issue was discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Kan Zaw, Myanmar's Minister of Investment and Foreign Economic Relations, on the sidelines of the 12th East Asia Summit Economic Ministers' Meeting at Vientiane, Laos. "Discussed potential cooperation in areas like lentils, diesel, gasoline, electric vehicles, etc and ways to promote bilateral trade including through Rupee-Kyat currency mechanism, between our nations," Goyal said in a post on social media platform X. India-Maynmar bilateral trade stood at USD 1.75 billion in 2023-24. India is looking at promoting trade in local currencies with various other countries including UAE, African nations and Russia. Local currency trading would reduce transaction costs by eliminating the need to convert currencies twice. In July 2022, the Reserve Bank of India introduced a

Central banks' digital currency momentum growing, shows new study

China too, which is running the world's largest pilot scheme, has seen use of its protype e-CNY nearly quadruple to 7 trillion yuan ($987 billion) of transactions according to officials

Stable currency fosters internationalisation, says Zarin Daruwala

The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI