Forex

RBI net sells $9.7 billion in November, short dollar position rises

RBI's net dollar sales moderated in November, even as its outstanding short dollar position in the forward market rose further, reflecting continued intervention to manage rupee volatility

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

Rupee strengthens below 90/$ amid RBI intervention via dollar sales

The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar

₹200 crore forex, gold trading scam busted; 7 held in Maharashtra

Police in Maharashtra have unearthed a massive international syndicate that defrauded hundreds of people of more than Rs 200 crore by luring them into online forex and gold trading schemes, officials said on Tuesday. Seven persons, linked to more than 50 criminal cases lodged across several states in India, have so far been arrested in Maharashtra, with the police suspecting the masterminds were operating the racket from outside the country, they said. The fraudsters targeted victims by building trust through matrimonial websites and social media platforms before inducing them to invest in fraudulent schemes, Mira Bhayander-Vasai Virar Police Commissioner Niket Kaushik said at a press conference. The breakthrough came on November 12, 2025, when a police team, while probing a complaint of fraud, conducted a raid at the Shivsai Residency Lodge and Boarding on the Mumbai-Ahmedabad Highway, he said. Initially, five individuals were apprehended for conspiring to receive illegal funds ..

Rupee weakens on corporate dollar demand as thin volumes cap moves

Rupee settled at 89.97 per dollar on Thursday as corporate dollar demand and muted trade volumes pressured the currency. Analysts expect the rupee to stay range-bound amid global policy uncertainty

Hidden forex charges bothering you? Expert explains what RBI's rules change

RBI on forex Transaction: RBI draft mandates upfront disclosure of all fees, including intermediaries and conversion charges

Foreign varsities in India can save $113 billion in forex: Report

Foreign universities operating in India could serve more than 5.6 lakh students by 2040, generate USD 113 billion in forex savings and create 19 million sq ft of specialised demand for high-quality education-linked real estate, according to a new report. Titled 'Global universities eye India opportunity', the report examining global setup trends, policy provisions, real estate imperative, and strategic opportunities for foreign universities in India, has been published by Deloitte India and Knight Frank India. "By 2040, foreign universities operating in India could serve over 5,60,000 students, generate USD 113 billion in forex savings and create 19 million sq ft of specialised demand for high-quality education-linked real estate. The study also presents a first-of-its-kind city readiness framework evaluating the potential of 40 Indian cities," the report noted. "Delhi-NCR emerges as the most prepared market, followed by Bengaluru and Mumbai, each offering deep talent pools, ...

Short-covering drives rupee towards 90 vs dollar as pressure returns

Hits new closing low of 89.88/$; Hits 89.96/$ intraday

Delhi Police uncovers forex trading scam with Dubai link, 3 arrested

The Delhi Police has arrested three people, including a sales manager of a private bank, over alleged links with an interstate syndicate involved in large-scale forex trading scam operated by Dubai-based handlers, an official said on Monday. The accused have been identified as Anurag Kumar, a mule-account provider; Zeeshan Syed, sales manager at a private Bank; and Himanshu Gupta, a key handler with past involvement in cheating and forgery, he said. They were allegedly part of a network that created shell companies and opened multiple mule current accounts to layer and launder the proceeds of investment frauds, the police said. The gang lured victims through social media groups, using manipulated dashboards to display fictitious forex trading profits, the senior officer said. Manipulated by the fake returns, victims were induced to deposit money repeatedly, which was then routed through a layered network of accounts created under entities such as "Rebootz Sync Professionals Pvt Ltd

Forex reserves jump by $4.496 billion to $702.28 billion, shows RBI data

India's forex reserves increased by USD 4.496 billion to USD 702.28 billion for the week ended October 17, as the value of gold reserves rose further, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 2.176 billion to USD 697.784 billion. For the week ended October 17, foreign currency assets, a major component of the reserves, decreased by USD 1.692 billion to USD 570.411 billion, the data released on Friday 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 6.181 billion to USD 108.546 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 38 million to USD 18.722 billion, the apex bank said. India's reserve position with the IMF fell by USD 30 million to USD 4.602 billion in the reporting week, according to t

The forex chest's swell: Valuation gains to lift India's reserves

But when capital flows are volatile, as has happened this financial year, even financing a low CAD can become challenging and put pressure on the currency

Tech turns the new currency for forex trade amid shifting geopolitics

The new system will use emerging technologies to complete transactions instantly - a process that typically takes about 36-48 hours

Experts on USD's historic peak: Should investors cash in now or wait

Experts weigh in on the dollar's surge against rupee, what it means for Indian investors, and whether to book profits now or hold

India's forex reserves fall $2.3 billion to $700.23 billion, shows RBI data

Last week, India's forex kitty had declined by $396 million to $702.57 billion, data showed

Govt looks to address gaps used to illegally transfer forex overseas

Several scammers are easily tampering with certificates issued by chartered accountants (CAs) using easily available and simple tools like PDF editors

India's forex reserves jump by $3.51 billion to $694.23 billion

India's forex reserves jumped by USD 3.51 billion to USD 694.23 billion for the week ended August 29, the RBI said on Friday. The overall reserves had dropped by USD 4.386 billion to USD 690.72 billion in the previous reporting week. For the week ended August 29, foreign currency assets, a major component of the reserves, increased by USD 1.686 billion to USD 583.937 billion, the latest data 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. The gold reserves increased by USD 1.766 billion to USD 86.769 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 40 million to USD 18.775 billion, the apex bank said. India's reserve position with the IMF was also up by USD 18 million at USD 4.749 billion in the reporting week, the RBI data showed.

Forex reserves drop $4.38 billion to $690.72 billion, shows RBI data

India's forex reserves dropped USD 4.386 billion to USD 690.72 billion for the week ended August 22, the Reserve Bank of India (RBI) said on Friday. The overall reserves had jumped USD 1.488 billion to USD 695.106 billion in the previous reporting week. For the week ended August 29, foreign currency assets, a major component of the reserves, decreased USD 3.652 billion to USD 582.251 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. The gold reserves decreased USD 665 million to USD 85.003 billion during the week, the RBI said. The special drawing rights (SDRs) were down USD 46 million to USD 18.736 billion, the apex bank said. India's reserve position with the IMF was also down USD 23 million at USD 4.731 billion in the reporting week, the apex bank data showed.

RBI net sells $3.6 bn in Jun, net short dollar position dips to $60.39 bn

The RBI reversed its forex stance in June with $3.6 bn net sales, while rupee's REER stayed flat and forward dollar short positions dropped further to $60.39 bn

Forex reserves decline $9.32 billion to $688.87 billion, shows RBI data

India's forex reserves dropped by USD 9.322 billion to USD 688.871 billion for the week ended August 1 in one of the highest declines in the recent past, the RBI data showed on Friday. The overall reserves rose by USD 2.703 billion to USD 698.192 billion in the previous reporting week. For the week ended August 1, foreign currency assets, a major component of the reserves, decreased by USD 7.319 billion to USD 581.607 billion, according to the data. 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. The gold reserves decreased by USD 1.706 billion to USD 83.998 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 237 million to USD 18.572 billion, the apex bank said. India's reserve position with the IMF was also down by USD 59 million at USD 4.694 billion in the reporting week, the apex bank data showed.