Forex

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

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

Rupee slips to 93.80 vs dollar amid oil surge, Asian currency fall

The rupee weakened against the dollar, tracking Asian currencies and firm crude oil prices, amid geopolitical tensions and sustained foreign fund outflows

India's forex kitty jumps $3.8 billion to reclaim $700-billion mark

India's forex reserves jumped USD 3.825 billion to USD 700.946 billion during the week ended April 10, says RBI. In the previous reporting week ended April 3, the overall reserves had jumped USD 9.063 billion to USD 697.121 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year, before the onset of the Middle East conflict which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended April 10, foreign currency assets, a major component of the reserves, increased by USD 3.127 billion to USD 555.983 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves increased by USD 601 million to USD 121.343 billion during the week, the

Banking liquidity surplus stays over ₹5 trillion for fifth straight day

Surplus liquidity in the banking system remained above Rs 5 trillion for the fifth straight day, supported by government spending and bond redemptions

RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens

Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%

India's forex reserves jump $9 bn to $697.1 bn in week ended April 3

In the previous reporting week, overall forex reserves had dropped by $10.28 billion to $688.05 billion

RBI speeds up cross-border inflows with faster customer credits

Banks need to put in place a straight-through process for crediting the inward payments to individual accounts

Iran shock shows India's external vulnerability, tests growth ambitions

The truly unsettling element in the scenario has been the fall in the exchange rate of the rupee. The fall predates the Iran conflict

Rupee snaps 5-day rally; bond yields rise on crude, US yield surge

Currency weakens and government bond yields rise as crude oil prices and US Treasury yields climb amid geopolitical tensions in West Asia

Rupee likely to stabilise at 92-93 per dollar, says EAC-PM chairman

Rupee may stabilise at 92-93 against the dollar as foreign flows return, says EAC-PM Chairman, citing strong macroeconomic fundamentals and fiscal strength

Forex curbs temporary, aligned with market conditions: RBI governor

RBI Governor says recent forex curbs are temporary and aligned with market conditions, as bond yields fall sharply and rupee strengthens on easing tensions

Banks unwind 75% forex bets as RBI deadline nears; rupee, bonds gain

Rupee, bonds gain ahead of central bank's policy review outcome on Wednesday

India's forex reserves drop $10.28 bn to $688.05 bn in week ended March 27

In the previous reporting week, the overall reserves had dropped $11.413 billion to $698.346 billion

RBI allows residents to exchange rupee notes at airport forex counters

RBI permits residents to exchange rupee notes at forex counters in airport departure areas, extending a facility earlier largely limited to non-residents

Indian clearing house raises margin requirements for dollar-rupee forwards

CCIL said ‌it would levy a volatility margin of 20 per cent of initial margin with immediate effect under its foreign exchange forward segment regulations

Niyo Forex enters Chennai to tap Tamil Nadu's outbound travel demand surge

Niyo Forex launches Chennai branch as part of its expansion plan, targeting Tamil Nadu's outbound travel and remittance demand with a phygital model and wider service network

RBI's short forward book hits $77 billion, highest since March 2025

Central bank's net short dollar position in forward market rises sharply in February, with long-term tenures driving the increase

Why RBI's forex cap direction has not worked to ease rupee pressure

Cap on banks' forex positions offers only short-lived relief as oil prices, capital outflows and structural imbalances continue to weigh on the rupee

SBI Research backs RBI forex window for OMCs to ease rupee volatility

Report suggests ring-fencing OMCs' $75-80 billion annual forex demand via special RBI window to improve visibility, ease volatility and stabilise rupee dynamics