Foreign Exchange

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%

India's foreign exchange kitty down $10 bn, sharpest in over a year

The previous largest weekly decline was recorded in the week ended November 15, 2024

RBI to infuse ₹3 trn liquidity via OMOs, buy-sell swap after rupee defence

The Reserve Bank of India will inject nearly Rs 3 trillion through open market operations and a USD/INR buy-sell swap to offset liquidity drained by forex intervention and seasonal factors

RBI likely made $30 bn intervention in FX market in Jun-Oct period

India's foreign exchange reserves stood at $703 billion in June 2025 but declined to $687.2 billion in the week ended December 5, as per the latest data released by the RBI

Fitch says most Indian firms shielded from rupee swings through hedging

Fitch says most Indian corporates have natural hedges or strong FX cover on foreign-currency debt, though renewables, utilities and toll road operators remain more exposed to rupee weakness

RBI steers away from aggressive intervention as rupee touches new lows

RBI is intervening mainly to smooth volatility rather than defend specific levels as the rupee hits fresh lows amid outflows and trade-deal uncertainty, with its forward position limiting room to act

India's forex reserves fall by $2.7 bn to $687 bn in early November

India's foreign exchange reserves dropped by another USD 2.699 billion to USD 687.034 billion during the week ended November 7, the RBI said on Friday. The forex kitty has been on a declining trend for the past few weeks, and had decreased by USD 5.623 billion to USD 689.733 billion in the previous reporting week. For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by USD 2.454 billion to USD 562.137 billion, the data released on Friday showed. 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. Value of the gold reserves declined by USD 195 million to USD 101.531 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 51 million to USD 18.594 billion, the apex bank said. India's reserve position with the IMF was unchanged at USD 4.772 billion in the reporting we

India's foreign exchange reserves drop by $6.93 billion to $695.36 billion

RBI data shows foreign currency assets and gold holdings declined in the week ended Oct 24, pulling total reserves below the $700-billion mark

Gold reserves rise $31 bn in FY26 as RBI buys, prices hit record high

India's gold reserves climbed to $108 billion as global prices surged and the RBI added to its holdings, diversifying forex reserves amid rising global uncertainty