Foreign Exchange

India's forex reserves fall $4.82 billion to $698 billion, shows RBI data

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

Japan's MUFG to foray into Indian real estate, expand forex derivatives

Japan's biggest bank is setting up a team which will start operations this financial year, Shashank Joshi, MUFG India's deputy chief executive officer said

BS Opinion wrap: India must harness its untapped services trade potential

From services trade trends and POSH gaps in IT firms to rupee volatility, labour reforms, and Arctic geopolitics, here are the key insights from today's Business Standard Opinion page

RBI to implement phased FX derivatives reporting norms from July 2027

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

RBI net buys $7.41 billion in forex market in February, shows bulletin

During the month, the RBI purchased $21.4 billion and sold $13.99 billion. In January, it had net bought $2.5 billion

Banks urge RBI to revisit forex cap, flag MTM losses, forced unwinding

Banks seek relief as RBI caps forex exposure, triggering potential $40 billion unwinding and raising concerns over MTM losses and rupee volatility

March sees $30 billion drop in India's foreign exchange reserves

Forex reserves declined for a third week, led by a sharp fall in gold holdings, while forward book positions and global factors continue to exert pressure on reserve adequacy

Forex reserves adequate to cushion against external shocks, says RBI

Foreign exchange reserves fell to a two-month low of $709.76 billion as of March 13, the latest data shows

India may retain $113 bn forex as foreign universities set up campuses

A Knight Frank-Deloitte report says foreign universities establishing campuses in India could help retain $113 billion in foreign currency by 2040, easing large outflows for overseas education

RBI mulls allowing banks to trade FX derivatives on offshore ETPs

RBI proposes allowing banks to trade forex derivatives on offshore electronic platforms under tighter safeguards, governance norms and rupee transaction restrictions

RBI notifies amended ECB framework, eases cost and maturity norms

The central bank said the regulations were finalised after examining feedback received from stakeholders on the draft framework released on October 3, 2025

Draft rules seek mandatory reporting of offshore related-party ₹-Fx deals

The RBI has proposed expanding reporting norms to require AD Cat-I banks to disclose all offshore related-party rupee FX derivative contracts to CCIL, with phased compliance thresholds over 24 months

LSEG FX trading system returns to normal after glitches, say traders

The matter was resolved around 11:30 a.m. after traders had flagged issues with execution of trades on the interbank order matching system more than two hours ​earlier

Rupee internationalisation aims to reduce business risk: T Rabi Sankar

RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to reduce risk for Indian firms, not replace the dollar, and warns that stablecoins pose macro risks

Forex reserves rise $14 billion in best week in 10 months: RBI data

At $701 billion, reserves at 13-week high; shy of all-time high of $705 billion

New FEMA regulations for exports and imports to take effect from Oct 1

RBI notifies new FEMA export-import regulations effective October 1, 2026, tightening reporting timelines for banks and mandating stricter monitoring via EDPMS and IDPMS

Foreign exchange reserves increase $392 million to $687.19 billion

India's forex reserves increased by USD 392 million to USD 687.19 billion during the week ended January 9, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had dropped by USD 9.809 billion to USD 686.80 billion. For the week ended January 9, foreign currency assets, a major component of reserves, decreased by USD 1.124 billion to USD 550.866 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of the gold reserves jumped by USD 1.568 billion to USD 112.83 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 39 million to USD 18.739 billion, the apex bank said. India's reserve position with the IMF was down by USD 13 million to USD 4.758 billion in the reporting week, according to the apex bank's data.

RBI asks banks to meet forex risk capital norms on continuous basis

The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

RBI recognises FEDAI as self-regulatory organisation for authorised dealers

The Reserve Bank of India has recognised FEDAI as a self-regulatory organisation for authorised dealers, giving it a year to align governance and operations with the Omnibus SRO framework

Record domestic coal output helps India save nearly $8 bn in imports

Capex crosses target by 44%