Page 2 - Forex

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

Banks urge RBI to revisit forex cap, flag MTM losses, forced unwinding

Banks seek relief as RBI caps forex exposure, triggering potential $40 billion unwinding and raising concerns over MTM losses and rupee volatility

India's forex reserves drop $11.41 billion to $698.346 billion: RBI data

India's forex reserves dropped by USD 11.413 billion to USD 698.346 billion during the week ended March 20 due to a sharp decrease in gold reserves, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped USD 7.052 billion to USD 709.759 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 West Asia conflict. For the week ended March 20, foreign currency assets, a major component of the reserves, increased by USD 2.127 billion to USD 557.695 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. However, the value of gold reserves decreased by USD 13.495 billion to USD 117.186 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 65 million to USD 18

NRI deposit flows fall 25.86% to $10.61 bn in April-January: RBI data

NRI deposit inflows declined 25.86 per cent to $10.61 billion in April-January 2026, mainly due to a sharp fall in FCNR deposits, even as NRE and NRO inflows rose

Rupee crashes 82 paise to record low of 93.71 against US dollar

The rupee crashed 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a steep rise in crude oil prices amid mounting geopolitical tensions. Forex traders said the Indian rupee is under tremendous pressure as surging crude oil prices and a shift toward risk-aversion dented investor sentiments. Moreover, heightened geopolitical uncertainty risks are driving energy costs higher, which could widen the trade deficit and stoke inflationary pressures, they added. At the interbank foreign exchange, the local unit opened at 92.92 against the greenback and soon breached the 93-mark for the first time. It kept losing ground through the session and eventually settled at 93.71 (provisional), down 82 paise from its previous close. On Wednesday, the rupee slumped 49 paise to close at its previous record low of 92.89 against the US dollar. Forex markets were closed on Thursday on

India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets

India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed

India's foreign exchange reserves drop $11.68 billion to $716.81 billion

India's forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion. For the week ended March 6, foreign currency assets, a major component of the reserves, decreased by USD 9.880 billion to USD 563.245 billion, according to data released by the central bank. 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. The value of the gold reserves declined by USD 1.612 billion to USD 130.017 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 146 million to USD 18.720 billion. India's reserve position with the IMF also fell USD 45 million to USD 4.828 billion in the reporting week, according to data.

India's forex exchange reserves drop $2.1 billion to $723.6 billion

India's forex reserves dropped by USD 2.119 billion to USD 723.608 billion during the week ended February 20, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 8.663 billion to a new all-time high of USD 725.727 billion. For the week ended February 20, foreign currency assets, a major component of the reserves, decreased by USD 1.039 billion to USD 572.564 billion, the data released by the central bank 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 dropped by USD 977 million to USD 127.489 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 84 million to USD 18.84 billion, the apex bank said. India's reserve position with the IMF was also down by USD 18 million to USD 4.716 billion in the reporting week, according to

India may retain $113 bn forex as foreign universities set up campuses

A Knight Frank-Deloitte report says foreign universities establishing campuses in India could help retain $113 billion in foreign currency by 2040, easing large outflows for overseas education

Rupee falls to new low of 91.96 per dollar due to sustained FPI outflow

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows

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