Forex
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Forex reserves climb USD 3.623 billion to record USD 538.191 billion
Business | Aug 14, 2020, 07:39 PM ISTThe country's foreign exchange reserves swelled by USD 3.623 billion to a record high of USD 538.191 billion in the week ended August 7, RBI data showed on Friday.
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Rupee settles 16 paise higher at 75.02 against USD
Business | Jul 17, 2020, 07:04 PM ISTThe rupee appreciated by 16 paise to close at 75.02 against the US dollar on Friday, tracking gains in domestic equities and lower crude oil prices.On weekly basis, the domestic currency logged 18 paise gains over the American unit.
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Rupee recovers to 74.99 against dollar amid gains in equity markets
Business | Jul 09, 2020, 05:39 PM ISTThe rupee pared some of its early gains to settle marginally up by 3 paise at 74.99 against the US dollar on Thursday tracking weakness in the greenback and gains in the domestic equity market.
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Rupee ends flat at 75.65 on concerns over rising COVID-19 cases
Business | Jun 26, 2020, 05:59 PM ISTThe rupee pared initial gains to close flat at 75.65 against the US dollar on Friday as concerns about rising COVID-19 cases weighed on investor sentiment.
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Forex reserves up by USD 5.94 billion to hit record USD 507.64 billion
Business | Jun 19, 2020, 06:07 PM ISTIndia's forex reserves rose substantially by USD 5.942 billion to touch a life-time high of USD 507.644 billion in the week to June 12, helped by a significant jump in the foreign currency assets (FCA), RBI data showed.
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India's forex reserves surge to all-time high of USD 493.48 billion
Business | Jun 05, 2020, 07:28 PM ISTThe country's foreign exchange reserves surged USD 3.43 billion to a fresh all-time high of USD 493.48 billion for the week ended May 29 on a handsome accretion of the core currency assets, the Reserve Bank of India (RBI) said on Friday.
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Rupee closes almost flat at 75.58 amid crude shock
Business | Jun 05, 2020, 05:29 PM ISTThe rupee pared its early gains to close almost flat at 75.58 against the US currency on Friday due to dollar demand from banks and rising crude oil prices.
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India's forex reserves rise by over $3 billion
Business | May 30, 2020, 09:28 AM ISTIndia's foreign exchange reserves rose by over $3 billion during the week ended May 22. According to the RBI's weekly statistical supplement, the overall forex reserves increased to $490.044 billion from $487.039 billion reported for the week ended May 15.
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Rupee gains 25 paise to 75.66 against dollar on optimism over COVID-19 vaccine
Business | May 19, 2020, 05:54 PM ISTThe rupee appreciated by 25 paise to settle at 75.66 against the US dollar on Tuesday as reports of initial success in COVID-19 vaccine trials boosted investor sentiment world over.
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Rupee recovers from record lows on forex inflows, firm stocks
India | Apr 09, 2020, 06:43 PM ISTThe rupee on Thursday recovered from record low levels to settle 6 paise higher at 76.28 against the US dollar tracking gains in equity markets and foreign fund inflows. The local unit had settled at an all-time low of 76.34 against the greenback on Wednesday.
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Rupee pares gains after stock meltdown, closes almost flat at 74.24
Business | Mar 17, 2020, 09:34 PM ISTThe rupee pared its initial gains to settle marginally higher at 74.24 against the US dollar on Tuesday amid continued meltdown in equity markets and sustained foreign fund outflows. Forex traders said the Indian rupee which started the day on a positive note, witnessed heavy volatility amid fears that the rate cut by the Reserve Bank would not be sufficient to boost market sentiments.
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Rupee recovers 56 paise, settles at 73.61 against US dollar
Business | Mar 11, 2020, 05:43 PM ISTThe rupee recovered 56 paise to settle at 73.61 (provisional) against the US dollar on Wednesday amid positive domestic equities and weakening of the American dollar in the overseas market.
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Forex reserves up by USD 29 million to record USD 476.12 billion
Business | Feb 28, 2020, 06:51 PM ISTIndia's foreign exchange reserves inched up by USD 29 million to a fresh lifetime high of USD 476.122 billion in the week to February 21, aided by an increase in the value of gold holdings, Reserve Bank data showed on Friday. The forex kitty had zoomed by USD 3 billion to USD 476.092 billion in the previous reporting week.
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Rupee settles flat at 71.33 against US dollar
Business | Feb 13, 2020, 05:42 PM ISTThe rupee on Thursday settled flat at 71.33 (provisional) against the US dollar after weak macro-economic data disappointed market participants. Forex traders said disappointing macro economic numbers and weak domestic equities weighed on the local unit
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Rupee gains 13 paise against US dollar on crude oil, FII boost
Business | Feb 04, 2020, 08:40 PM ISTThe Indian rupee moved up by 13 paise to close at 71.25 against the US dollar on Tuesday as forex market participants gauged improved sentiment in global markets amid efforts to contain deadly coronavirus. The Indian currency was also supported by Brent crude prices at lower levels and foreign fund inflows into domestic equities.
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Over Rs 90 cr spike in Forex from satellite launch in FY19
Business | Dec 13, 2019, 11:30 AM ISTThe financial year 2018-19 saw a handsome Rs 91.63 crore spike in India's foreign exchange earnings from launching of foreign satellites.
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Forex kitty continues to swells, scales past $451-bn-mark
Business | Dec 06, 2019, 08:53 PM ISTIn the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by USD 2.642 million to USD 419.367 billion, according to the data.
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Rupee settles 14 paise down at 71.02 against dollar
Business | Oct 07, 2019, 06:29 PM ISTThe rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy.
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Forex reserves scale record high of USD 434.6 billion
Business | Oct 04, 2019, 09:42 PM ISTThe foreign exchange reserves touched a record high of USD 434.6 billion as on October 1. While announcing fourth bi-monthly monetary policy, the RBI Governor Shaktikanta Das said as of October 1 the forex kitty peaked to the record high. Between April and October 1, the country's forex reserves had increased by USD 21.7 billion.
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Gold prices rally Rs 460 on weak rupee, rise in crude prices
Business | Sep 16, 2019, 03:41 PM ISTGold on Monday climbed Rs 460 to Rs 38,860 per 10 gram in the national capital on a weak rupee and higher oil prices, which led to investors opting for safe haven commodities, according to HDFC Securities.