Forex

Here are 7 hacks before buying foreign currency in India

Here are 7 hacks before buying foreign currency in India

However, Indian travellers persist in ignoring a crucial aspect of foreign travel - buying foreign currency.

Oct 23, 2017, 17:49 PM IST
Is rising forex kitty fuelling inflation?

Is rising forex kitty fuelling inflation?

Recently, American brokerage Morgan Stanley had estimated that the reserves could hit the USD 400-billion-mark by the week to September 8.

Aug 27, 2017, 17:50 PM IST
Forex reserves touch new life-time high of $393.448 billion

Forex reserves touch new life-time high of $393.448 billion

FCAs, a major component of the overall reserves, rose by USD 964.4 million to USD 369.723 billion, the data showed.

Aug 11, 2017, 20:08 PM IST
Forex reserves surge to record $392.86 billion

Forex reserves surge to record $392.86 billion

Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.

Aug 04, 2017, 19:19 PM IST

Rupee zooms to 1-week high of 64.44 against dollar

Stretching its strong recovery momentum for the third straight day, the rupee on Friday rose by 4 paise to a fresh one-week high of 64.44 against the US dollar on sustained selling of the American currency by exporters.

Jun 02, 2017, 18:59 PM IST
Central banks launch forex market code of conduct

Central banks launch forex market code of conduct

Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world`s major financial institutions.

May 25, 2017, 14:01 PM IST

Rupee pares early gains, down 5 paise vs USD

The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.

May 24, 2017, 11:27 AM IST
Markets to remain closed today on account of  Ambedkar Jayanti and Good Friday

Markets to remain closed today on account of Ambedkar Jayanti and Good Friday

BSE, NSE, Forex, Money Market, Bullion and other major commodity markets will remain close on Friday, on account of "Dr Baba Saheb Ambedkar Jayanti" and "Good Friday"

Apr 14, 2017, 10:19 AM IST
Forex reserves move up $2 billion to $369.95 billion

Forex reserves move up $2 billion to $369.95 billion

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

Apr 07, 2017, 18:30 PM IST
Indian Rupee hits 3-month peak of 66.85 against US dollar

Indian Rupee hits 3-month peak of 66.85 against US dollar

Building on yesterday's massive gains, the rupee on Thursday soared by 34 paise to end at a fresh 3-month high of 66.85 against the US dollar on frantic selling of the American currency by exporters and banks.

Feb 09, 2017, 20:26 PM IST
India Rupee zooms to nearly 3-month high of 67.22 against US dollar

India Rupee zooms to nearly 3-month high of 67.22 against US dollar

The rupee continued to outshine against the beleaguered US dollar and ended at a nearly 3-month high of 67.22, appreciating by 9 paise on sustained unwinding of American currency by exporters and corporates ahead of the RBI policy.

Feb 06, 2017, 18:47 PM IST

Forex reserves up $932.4 million to $360.77 billion

Country's foreign exchange reserves surged for the second consecutive week by USD 932.4 million to USD 360.775 billion in the week to January 20 on account of rise in foreign currency assets, the Reserve Bank said today.

Jan 27, 2017, 18:42 PM IST

Rupee nears 1-month high, soars 27 paise to 67.36 against US dollar

Stretching its resurgent trend for the third straight day, the rupee on Thursday ended at a near one- month high of 67.36, rising 27 paise against the US currency due to continuous dollar selling from exporters and banks.

Dec 08, 2016, 20:44 PM IST
 Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report

Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report

The rupee is expected to see further depreciation in the coming months and may breach the 70-level by December and touch 72.50 by the end of 2017, says a Deutsche Bank research report.

Nov 27, 2016, 17:39 PM IST
Rupee struggles at 9-month low on forex outflow fears

Rupee struggles at 9-month low on forex outflow fears

The rupee remained under immense pressure and continued to slide against the US dollar with the domestic currency ending lower by 9 paise at 68.25 - its lowest level in nine-months on heightened capital outflows.

Nov 22, 2016, 19:34 PM IST
Rupee crashes below 68 level against dollar; ends at 9-month low

Rupee crashes below 68 level against dollar; ends at 9-month low

The rupee Friday crashed below the psychological 68-mark to end at near nine-month low as sentiment turned bearish on combination of growing US rate hike expectations and stunning dollar run.

Nov 18, 2016, 18:52 PM IST
Indian rupee jumps to 1-month high against US dollar at 66.62

Indian rupee jumps to 1-month high against US dollar at 66.62

The rupee on Tuesday recovered 12 paise to close at one-month high of 66.62 per US dollar following heavy dollar unwinding by banks and exporters amid capital inflows.

Nov 08, 2016, 18:59 PM IST

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

Nov 07, 2016, 22:19 PM IST
RBI issues guidelines for forex hedging by foreign companies

RBI issues guidelines for forex hedging by foreign companies

Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.

Nov 04, 2016, 18:41 PM IST

Foreign exchange reserves dip by $1.5 bn to $366.13 bn

In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.

Oct 21, 2016, 18:29 PM IST