Page 17 - Forex

India's foreign exchange reserves at new life-time high of $430.57 bn

The country's gold reserves surged by $1.591 billion to $26.754 billion

Hobson's choice before the Reserve Bank...

... between a harder forward premium and a sharp decline in the domestic rates

Trading on overseas online forex platforms illegal, punishable under FEMA

In India, you can only bet on currency derivatives via a stock exchange broker

Retail customers can save big on forex costs soon, thanks to the RBI

For now, the facility will be available only for dollars, but more currencies will be introduced later

Barclays, Citi, HSBC and four other banks face fines for forex rigging

In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge

Forex reserves decline by $739 million to $414.14 billion, shows RBI data

In the previous week, the reserves had increased by $ 1.105 billion to touch $ 414.886 billion

It's raining forex in Indian economy with equity, bond deals in pipeline

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors

India's foreign exchange reserves decline by $613.9 mn to $393.12 bn

The country's reserve position with the IMF also decline by $12.5 million to $2.617 billion

India's foreign exchange reserves up by $568.9 mn during November: RBI data

RBI's weekly data showed that the value of the country's gold reserves increased by 73 million to $20.96 billion

Forex brokerage firms are staring into an abyss, fighting to survive

 Today, the number of forex brokerage firms stand at about 15 - down from 40 five years ago and from 125 in 1998

Globally, firms saw lower earnings due to 'avoidable' forex risk: Report

Globally, a majority of Chief Financial Officers (CFOs) say their company suffered reduced earnings in the last two years due to "avoidable and unhedged" forex risk, according to HSBC report. According to a global survey of 200 CFOs and nearly 300 treasurers, conducted by HSBC and FT Remark, 70 per cent of CFOs said their company experienced lower earnings due to avoidable and unhedged forex risk. Besides, more than half of all CFOs believe forex is a risk their company is least well-placed to deal with. These concerns mainly reflect the increasing volatility in currencies amid an uncertain macro-economic and geo-political outlook. "The survey shows the importance of corporates having robust risk management frameworks in place given the financial risks of not getting it right, especially in an increasingly uncertain world," said Frederic Boillereau, Head of Global Forex & Commodities at HSBC. The report further noted that digitalisation of treasury functions is seen as one trend .

Forex, G-sec buying to be made easier for retail clients

Banks would be allowed to charge customers a 'pre-agreed flat fee' towards administrative expenses

Forex reserves drop by $262.3 mn to $402.246 bn: RBI

In the previous week, the reserves had touched a life time high of $402.509 bn after rising by $1.782 bn

Forex reserves surge to record $392.86 billion

In the previous week, the reserves had increased by $2.27 billion to $391.33 billion

Rupee rebounds 11 paise to 64.32 a dollar, as exporters sell greenback

Upbeat equities and robust capital inflows too helped in the rupee recovery

Forex kitty at life-time high of $381.167 bn

In the previous week, the reserves had declined by $547 million to $378.763 billion

Forex kitty up by $1.15 bn to $367.93 bn due to increase in currency assets

Total reserves had shot up by $ 2.67 billion to $366.78 billion for the previous reporting week

Euro rises to one-month high against the dollar

Is up 0.2% at $1.06999, after some ECB policymakers raised possibility of \interest rate hike

Rupee fights back, hits 4-month high of 66.60

This is the highest closing of the rupee since November 10, 2016

Forex reserves up $1.58 bn to $363.146 bn

Gold reserves went up by $664.3 million to $19.248 billion, RBI said