Exchange Rates

Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin

Rupee's 40-currency real effective exchange rate (REER) - a measure of its competitiveness - shows the currency was overvalued by 7.21 per cent at the end of October, close to highest in 6 years

Explained: Has India's exchange rate regime changed for the worse?

Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy

Why exchange rate volatility is essential for economic flexibility

While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility

Rupee has been among the least volatile currencies since 2023: RBI governor

Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das

Lost a shock absorber

The economy would be more stable if the exchange rate fluctuated more

Yen's avoidable slide to 1990 level

The yen fell due to the prevailing blunt interest rate policy. But there is an alternative policy

Zimbabwe lets currency free-fall, working on exchange rate backed by gold

The country's local dollar has weakened against the US dollar every day in 2024, sending the price of a single loaf of bread from Z$6,105 to Z$19,357 in a mere 11 weeks

Fed pivot will dominate year of rate cuts in turn of global cycle

'Central banks are looking forward to a victory lap as inflation tracks back to target with only a modest blow to growth'

CBIC may soon introduce system to publish exchange rates of 22 currencies

The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing system of notifying rates fortnightly. The move would help capture daily exchange rate fluctuations and help importers and exporters to precisely calculate customs duties based on daily exchange rate. Currently, Central Board of Indirect Taxes and Customs (CBIC) manually notifies exchange rates of 22 currencies every fortnight -- 1st and 3rd Thursday of a month -- based of rates obtained from the State Bank of India (SBI). The rate notified comes into effect from midnight of the following day. An official said the entire process would be automated, beginning with forwarding of exchange rate data by SBI to ICEGATE. The exchange rates received from SBI every day shall be adjusted to the nearest five paise and integrated with Indian Customs EDI System (ICES) and published on Indian Customs National Trade Portal (ICEGATE) by 6:00 pm. "In or

In defence of financial globalisation

The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty

After initial losses, rupee settles flat at 82.54 against US dollar

The rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and touched a low of 82.66 and a high of 82.48 intra-day. It finally settled at 82.54 against the greenback, unchanged from its previous close. In the previous session on Wednesday, the rupee had appreciated 16 paise after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.36 per cent to 103.03. Global oil benchmark Brent crude futures advanced 0.19 per cent to USD 85.25 per barrel. "The Indian rupee depreciated against the US dollar amid fund outflows and risk-averse sentiments. However, the loss was limited following the state-run banks' dollar supply following inflows from the issuance of green .

Forex reserves likely to show revaluation gains now, say analysts

RBI said to have been actively buying dollars for the past couple of weeks, say currency traders

RBI has been prudent in its exchange rate management: Deepak Parekh

Currency's depreciation not a reflection of the economy, says HDFC Ltd chairman

RBI is anchoring expectations on rupee weakness, says Shaktikanta Das

He expects inflation to fall within tolerance band by January-March

Banks, financial markets strong enough to withstand extreme volatility: Das

Going forward, our monetary policy will be watchful, nimble footed and calibrated, says RBI Governor

What is a currency swap?

India has extended the duration of the $400 million currency swap facility extended to Sri Lanka, which is in dire straits. But what exactly is currency swap? This report offers an insight

Top Headlines: Rupee breaches 80/$ for 1st time, Right to Repair, and more

The rupee on Tuesday weakened past 80 per dollar for the first time but went on to recover lost ground

Indian defence firms seek protection from exchange rate variation

India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later

Explained: Why the Indian rupee is depreciating

Extending export credit in rupee can boost its acceptability: Experts

However, the rupee can truly become internationalised only when it becomes freely convertible on capital account, they say