Page 14 - Forex

RBI red flags unauthorised forex trading platforms, warns of penalties

Cautions public against undertaking forex deals on unauthorised electronic trading platforms, or remit and deposit money for such transactions

Indian rupee slips 8 paise to 74.91 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.10 per cent to 96.03.

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

Dollar edges higher on geopolitical tensions ahead of the Fed's policy meet

As investors bought safe-haven currencies amid tensions between Russia and the West over Ukraine, the dollar edged higher on Tuesday to within striking distance of its two-week peak.

Exotic forex derivatives set for India in RBI push to deepen markets

The return of exotic forex derivatives as well as the introduction of swaptions are part of efforts to give corporates more risk-management options as India's global trade integration expands

India grants over $900 million to Sri Lanka to overcome forex crisis

India has announced a $900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amidst a shortage of almost all essential commodities in the island nation.

Forex reserves decline by $160 million to $635.67 billion

Gold reserves rose by $475 million to $39.183 billion in the reporting week

India's foreign exchange reserves dip down by $77 mn in December

India's foreign exchange reserves inched lower by $77 million during the week ended December 10.

India exemplary in publishing its forex market intervention: US Treasury

India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday.

Forex reserves down by $2.713 million to $637.687 billion

The country's foreign exchange reserves declined by USD 2.713 billion to USD 637.687 billion in the week to November 26, RBI data showed. In the previous week ended November 19, the reserves had increased by USD 289 million to USD 640.401 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021. In the reporting week ended November 26, the dip in the foreign exchange reserves was on account of a decline in foreign currency assets (FCA), a major component of the overall reserves and gold reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed. FCA dropped by USD 1.048 billion to USD 574.664 billion in the reporting week, the 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. Gold reserves were down by USD 1.566 billion to USD 38.825 billion in the reporting week, the data .

India's forex exchange reserves increases by $289 mn to $640.40 bn

India's forex exchange reserves increased by $289 million to $640.401 billion for the week ended November 19, the Reserve Bank said on Friday

Best of BS Opinion: Telecom tariff hikes, steady forex build-up, and more

Here are the best of BS Opinion pieces of the day

Forex reserves decline by $908 million to $640.1 billion, shows data

FCA declined by USD 853 million to USD 577.098 billion in the reporting week, the data showed

India's import cover fell to 15.8 months in June 2021, says RBI

At the end of September 2021, India's foreign exchange reserves stood at 635.36 billion

What is Capital Account Convertibility? Is India ready for it yet?

India is on cusp of complete Capital Account Convertibility. While this may lead to rise in FPI inflows, there are a few red flags the govt and RBI need to address. Let's look at those in this report

Forex reserves increase by $2.039 billion to $639.516 billion

Gold reserves were up by USD 464 million to USD 38.022 billion in the reporting week.

Fall in travel, an unequal regulatory regime hit fortunes of money changers

The money-changing business was by no means booming before the pandemic; it has been evident for some time now that technology will reshape the business

Forex reserves down by $1.169 billion to $637.477 billion

The country's foreign exchange reserves dipped by $1.169 billion to stand at $637.477 billion in the week ended October 1, RBI data showed on Friday

India's forex reserves down by $1.34 billion to $641.113 billion

After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data

Forex reserves surge $16.6 billion to record high of $633.5 billion

India's forex kitty had declined by USD 2.47 billion to USD 616.895 billion in the previous week ended August 20, 2021