Search For "forex"
Pakistan spending 66 per cent of forex on fuel imports
Updated : 3 years, 4 months ago IST
Amid surging energy prices worldwide due to the Russia-Ukraine war and deteriorating economy due to inflation and its depreciating currency, Pakistan is forced to spend 66 per cent of its forex reserve on fuel imports.
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Indian forex reserves record highest weekly gains in one year
Updated : 3 years, 4 months ago IST
This marks the highest weekly gain since September 2021, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.
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Indian stock indices extend gains to third week, rupee appreciates slightl
Updated : 3 years, 4 months ago IST
All the Nifty sectoral indices were in the green this morning, with Nifty IT and Nifty pharma rising the most.
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India's forex reserves at new over 2-year low amid weak rupee
Updated : 3 years, 4 months ago IST
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by USD 3.59 billion to USD 465.075 billion.
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RBI Deputy Governor says internationalisation of rupee is a desirable obje
Updated : 3 years, 4 months ago IST
The Deputy Governor said protection from currency volatility not only reduces cost of doing business, it also enables better growth of business, improving the chances for Indian business to grow globally.
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India's forex reserves at 2-year low amid depreciating rupee
Updated : 3 years, 4 months ago IST
New Delhi [India], October 22 (ANI): India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
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Chidambaram suggests PM to meet top economists to manage rupee depreciatio
Updated : 3 years, 4 months ago IST
New Delhi [India], October 21 (ANI): Veteran Congress leader and former finance minister P Chidambaram has a suggestion for Prime Minister Narendra Modi against what he termed as the "relentless decline" in the value of the Rupee.
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Economists believe INR will remain under pressure, may fall to 85 level vs
Updated : 3 years, 4 months ago IST
New Delhi [India], October 20 (ANI): Indian Rupee (INR) has come under renewed pressure against dollar and once again depreciated to a record low of 83.075 against US dollar touching another lifetime low on Thursday. Economists believe that INR will remain under pressure and may see 85 level
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India's foreign exchange reserves to remain robust; CAD to be contained at
Updated : 3 years, 4 months ago IST
Hong Kong, October 19 (ANI): India's external buffers appear sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, says Fitch Ratings.
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Rupee falls below 83 versus dollar
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra) [India], October 19 (ANI): The Indian rupee fell below 83 versus the US dollar for the first time on Wednesday, as surging US treasury yields forced a rally in the greenback.
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Rupee dives to all-time low versus dollar
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra)[India], October 10 (ANI): The Rupee on Monday dropped to a fresh record low against the US dollar, with an increased sell-off resulting from the good US jobs report which hints at more aggressive hikes from US Federal Reserve. The local currency declined 37 paise, to a r
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Markets may have a bearish mode on Monday trade
Updated : 3 years, 5 months ago IST
New Delhi [India], October 9 (ANI): Experts believe stocks will be still in bearish mode as markets open up on Monday. The Indian equity markets are widely influenced by global cues, the macro environment and depending on the situation of stock exchanges' index like Dow Jones, it may continu
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