As the greenback remained strong, the rupee declined and ended Monday at a new record low. The pressure on the rupee is expected to persist until the markets gain clarification on the policies that the Trump administration will implement, as the dollar index remains close to its four-month high of 105.05 and US Treasury yields…
The Reserve Bank of India (RBI) reported that for the week ending May 17, forex reserves increased by $4.5 billion to an all-time high of $648.7 billion. The week ending May 17 saw an increase in the rupee of 17 paise, or 0.20%. The entire Forex kitty has increased for the past three weeks running….
For the second week in a row, foreign exchange reserves increased, reaching a nearly three-month high of $597.9 billion for the week ending November 24. In the week ending November 24, reserves increased by $2.5 billion, following a $5.1 billion increase in the week ending November 17. Both the appreciation or depreciation of foreign assets…
Due to losses in domestic equities and a strong dollar in international markets, the rupee fell 4 paise to 83.27 (provisional) against the US dollar on Friday. Forex dealers stated that the rupee was able to limit losses due to recent FII inflows and crude oil prices that were trading close to four-month lows. Following…
The Reserve Bank of India reported on Friday that for the week ending on October 27, India’s foreign exchange reserves climbed by USD 2.579 billion to USD 586.111 billion. Overall reserves fell by USD 2.363 billion to USD 583.532 billion in the preceding reporting week. The nation’s foreign exchange reserves peaked in October 2021 at…
Following the US dollar’s strength versus key international rivals and persistent outflows of foreign money, the rupee fell 9 paise to settle at an all-time low of 83.33 (provisional) against the US dollar on Wednesday. Furthermore, rising crude oil prices and a downward trend in US stocks combined with geopolitical unpredictability in the Middle East…
On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
According to a report released on Friday by the Reserve Bank of India, India’s foreign exchange holdings decreased by USD 4.992 billion to USD 593.904 billion for the week ending September 8. The pot had increased by USD 4.039 billion to USD 598.897 billion over the previous reporting week. The nation’s foreign exchange reserves hit…
In the week ending July 28, foreign exchange reserves decreased by $3.2 billion to $603.9 billion, according to the most recent information from the Reserve Bank of India (RBI). After reaching their greatest level in more than a year during the week ending July 14, reserves have decreased for the second consecutive week. In an…
Along with the decline in Asian currencies, the rupee slightly declined versus the dollar. In the morning session, the local currency was trading at 82.03 per dollar, down 0.11 percent from its previous close of 81.94. The dollar index, which gauges how well the US dollar performs versus a basket of other currencies, was down…
