The RBI reported on Friday that the nation’s foreign exchange reserves increased by USD 4.529 billion to USD 658.8 billion in the week ending March 21. The total reserves rose by USD 305 million to USD 654.271 billion over the previous reporting week. The kitty, which has been on a downward trajectory lately due to…
The much-needed support was given by robust domestic inflows, which caused the rupee to climb 12 paise to 85.86 against the US dollar in early trading on Monday. But, according to currency dealers, the local unit still faces difficulties due to hidden risks, which might range from crude oil prices to supply shortages. The rupee…
Stable oil prices, a decline in the dollar index, central bank liquidity support, and probable forex market interventions are just a few of the factors that have caused the Indian Rupee to rise more than 1% this week, continuing its winning streak into its eighth session and ending its best weekly performance in two years….
On March 24, the RBI will unveil plans for a new liquidity increase, focusing on the banking industry and the rupee. Later this month, the RBI plans to hold a USD 10 billion/INR buy/sell swap auction to provide liquidity to the banking system. The RBI said in a news release that the swap auction for…
The range between the rupee’s starting and closing values has reduced to 5-7 paise in the past week due to the RBI’s action to stop the currency’s decline. Since December, there has been a gap between 10 and 20 paise. The intervention has resulted in consistent spot market sales of $1–2 billion per day, according…
With improved government expenditure and uneven consumption, Q3FY2025 GDP is predicted to increase to 6.4% from Q2FY25’s seven-quarter low of 5.4%, according to ICRA. The gross value added (GVA) growth rate is also predicted to show a comparatively broad-based improvement, rising from 5.6% in Q2FY2025 to 6.6% in Q3FY2025. The industrial (up 6.2% from 3.6%),…
Due to U.S. President Donald Trump’s implementation of fresh tariff measures, the Indian rupee fell to a new record low of 87.9563 against the US dollar on February 10. Compared to the previous trading session, when it opened at 87.4275 vs the US dollar, the local currency was significantly weaker at 87.9175. On February 9,…
Without a doubt, this RBI policy meeting has been historic. The Reserve Bank of India has emerged from its five-year hiatus, reducing the key policy repo rate by 25 basis points to 6.25%, down from 6.50%. After 2020, this is the first instance of the RBI making a rate cut. In May 2020, the Reserve…
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
The benchmark indices ended Saturday’s trading day flat, despite several encouraging news in the Budget. Except for FMCG, real estate, and consumer-driven industries, which are anticipated to gain from tax cuts, most other industries witnessed no change. There was a little decrease in shares of the energy, oil and gas, and infrastructure sectors. The majority…
