Forex Reserves

Rupee rises 20 paise to 95.41 against US dollar as West Asia tensions ease

The rupee rose 20 paise to 95.41 against the US dollar in early trade on Tuesday as Brent crude oil prices and the US dollar index retreated from their elevated levels after a pause in US-Iran hostilities. Forex traders said the rupee opened on a positive note after Israel and Iran agreed to deescalate and ease strikes. At the interbank foreign exchange market the rupee opened at 95.47, then touched 95.41, registering a gain of 20 paise from its previous close. On Monday, the rupee depreciated 43 paise to settle at 95.61 against the American currency. The rupee is likely to trade a 95.40-95.80 range with weakening bias, IFA Global said in a research note. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.98, down 0.06 per cent. Brent crude, the global oil benchmark, was trading lower by 0.99 per cent at USD 93.32 per barrel in futures trade. On the domestic equity market front, Sensex climbed 350.57 points to

Forex reserve at healthy $682 bn, enough for 11 months of imports: RBI Guv

Reserve Bank Governor Sanjay Malhotra on Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly monetary policy for the current fiscal. The initiatives include the recent agreements with major trading partners, allowing 100 per cent FDI in the insurance sector, ethanol blending programme, push for energy transition, easing FDI restrictions for land-bordering countries, liberalisation of the ECB framework, and several others, he said. "As of May 29, 2026, India's foreign exchange reserves stood at a healthy USD 682.3 billion, adequate in terms of the standard metrics of reserve adequacy, including import cover (for about 11 months) and external debt (89.1 per cent)," he said. "While our foreign exchange reserves provide a strong buffer against external shocks, we have a broad range of regulato

RBI dismisses gold sale rumours, physical reserves steady at 880.52 tonnes

Debunking reports of gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold, which remains unchanged at 880.52 tonnes. The clarification from the Reserve Bank of India (RBI) comes following reports that the RBI may have sold gold amounting to approximately USD 12 billion to shield its foreign-currency reserves from the impact of the ongoing conflict in West Asia. "The RBI emphasises that these reports are not correct," the central bank said in a statement. Members of the public are, therefore, advised to rely on official information published by the RBI from time to time in such matters, it said. Meanwhile, the Press Information Bureau also published a fact-check on the reports. According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026, it said.

RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26

Reports first mark-to-market loss on forward contracts in at least five years

IndiGo swings to ₹2,536.9 crore loss due to forex loss, high ATF prices

IndiGo slipped into a quarterly loss as forex losses, high fuel costs and West Asia-related flight disruptions hit profitability

India's foreign exchange reserves fall by $7.5 bn to $681.4 bn: RBI

India's forex reserves fell sharply as RBI interventions and declining gold and foreign currency assets weighed on the overall kitty

Anti-dumping duties can save India $3 billion per year in forex: Report

A report by C-DEP and Centre for WTO Studies says implementing pending DGTR recommendations could reduce forex outflow and support domestic industry with limited inflationary impact

Not a BoP but a growing price adjustment problem for India's economy

The first of a two-part series explores the underlying causes of India's balance of payments issue, and offers some solutions

Rupee ends roller-coaster week with gains; forex kitty shrinks $8 bn

Rupee rebounds sharply over the last two sessions amid aggressive RBI intervention and easing crude oil prices, while forex reserves decline by $8 billion

RBI net-sold record $53.13 billion in FY26, shows monthly bulletin

RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices

Don't think India wants to move towards stringent capital controls: Kotecha

India is in a far healthier position from an economic perspective than it was during the taper tantrum period

Sri Lanka imposes 50% surcharge on car imports to protect falling currency

The Sri Lankan government has imposed a 50 per cent surcharge on vehicle imports - excluding motorbikes and three-wheelers - considering the continuing slide of the country's currency. President Anura Kumara Dissanayake, who is also the finance minister, in a notification on Saturday said "by this order levy on imported goods specified in the schedule here to a surcharge at the rate of 50 per cent on applicable customs duty effect from May 16 for a period of three months". The rupee has seen over 3 per cent depreciation against the dollar by mid this month due to prevailing external pressures - primarily the Iran war, which has led to a massive surge in fuel import bill. The rupee, which was 309 to 310 against the dollar at the beginning of the year, currently stands at over 322. Calling it a "temporary" measure, deputy finance minister Anil Jayantha Fernando told reporters that the move is effectively aimed at making importers delay purchases for three months - a move that could .

India's foreign exchange reserves rise by $6.29 bn on higher gold reserves

India's foreign exchange reserves increased to $696.99 billion in the week ended May 8, led by a sharp rise in gold reserves, according to RBI data

War turmoil drains Asian reserves with India, Philippines among hardest hit

Philippines has led losses with its stockpile sinking 8.1 per cent since the conflict started to $104 billion, while India's dropped 5.2 per cent to $691 billion

Rupee weakens to record closing low, approaches 96 against the dollar

Persistent importer demand, elevated crude oil prices and West Asia tensions pushed the rupee to a record closing low despite RBI intervention

Rupee hits fresh low of 95.75 per dollar amid crude oil, FPI pressure

Worst-performing Asian currency in 2026, second-worst since Iran war

More than 77% of 880.5 mt gold reserves held domestically, says RBI

Central bank increases domestic share of gold reserves to 77.23% in FY26, with holdings rising to 680 MT even as overall forex reserves and gold value expand

India's forex reserves up $2.36 billion, led by foreign currency assets

India's foreign exchange reserves increased by $2.36 billion to $703 billion in the week ended April 17, driven by gains in foreign currency assets and gold

Rupee jumps as RBI restricts spot market dollar buying by oil companies

Domestic currency strengthens for second straight session as RBI curbs dollar demand from oil firms; forex reserves rise on higher foreign currency assets

India's forex reserves increase after four weeks, up $9.06 billion

India's foreign exchange reserves rise $9.06 billion after four weeks, led by a sharp increase in gold reserves and modest gains in foreign currency assets