FOREX INTERVENTION
Rupee sees range-bound trade against US dollar in morning deals
The rupee traded against the US dollar in early trade, influenced by the equity market and factors like the dollar's strength and crude oil prices.
Rupee ends nearly flat aided by RBI intervention; logs weekly decline
The Indian rupee closed nearly unchanged on Friday as intervention from the Indian central bank prevented it from hitting a lifetime low even as a broadly stronger dollar pressured most Asian currencies.
Rupee ends lower on jump in US bond yields, RBI intervention caps losses
The Indian rupee ended weaker on Monday, weighed down by a rise in U.S. bond yields, but likely intervention by the Reserve Bank of India (RBI) helped limit the currency's losses.
Rupee falls on month-end dollar demand; election results in focus
The Indian rupee declined on Friday, pressured by month-end dollar demand from importers, with investors awaiting the outcome of the country's general elections for fresh cues.
How will RBI's Rs 2.11 lakh cr dividend payout to government help Indian economy? A Balasubramanian answers
So, I think combination of these two things put together have made RBI to come with about highest ever dividend, especially at a time where the market is also generally getting, not market, in general, the bond market keeps a very close eye on fiscal numbers.
RBI's Rs 2.1 lakh crore payout: When it all adds up to deliver a windfall to govt
At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government.
- Go To Page 1
Rupee ends slightly higher even as most Asian currencies slip
"Think we'll see it drift lower towards 83.50 again," a foreign exchange trader at a foreign bank said, adding that weakness beyond that is unlikely given the likelihood of intervention by the Reserve Bank of India.
Rupee closes little changed, logs slight weekly decline
The Indian rupee closed nearly flat on Friday, tracking subdued moves in its Asian peers and as expectations of the central bank's intervention blunted the pressure of dollar demand from local oil companies and foreign banks.
Tokyo's Nikkei index closes lower
Tokyo investors are poring over earnings, with more major firms set to release results Thursday including Nissan, Takeda Pharmaceuticals and beverage giant Kirin.
Rupee ends little changed; forward premiums inch up
The Indian rupee closed nearly flat on Wednesday as expectations that the Reserve Bank of India would likely intervene to cap a sharp weakness supported the local currency despite a decline in its Asian peers.
Tokyo shares end down on profit-taking
Investors were keeping a close eye on forex markets as the yen weakened following Friday's rally, which came at the end of a volatile week that led to speculation Japanese authorities had intervened to support the unit.
Indian rupee to keep in a tight range amid constant RBI intervention: Reuters poll
A recent drop in foreign exchange reserves to $640.33 billion, a six week low, shows the central bank has been selling dollars amid conflict in the Middle East and delayed expectations for rate cuts by the U.S. Federal Reserve.
Japan's yen hits 34-year low after BOJ holds interest rates
The yen fell by about 0.2% and weakened to 156.1 per dollar in the minutes after the announcement. The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar.
Yen drops below 155 to a dollar, adding to risk of intervention
The Asian nation's currency depreciated as much as 0.2% to a session low of 155.17 on Wednesday, marking the first time since June 1990 the yen crossed the 155 level against the greenback. The yen pared the move and traded around 154.92 as of around 9:10 AM New York time.
Dollar takes a breather as investors ponder US rates outlook
The dollar has been rising in recent weeks as a slew of strong U.S. economic data and persistent inflation dashed expectation of rate cuts in the near term. Simmering tension in the Middle East also added to the dollar's safe-asset appeal.
India's forex reserves hit record high of $642.5 bn: RBI data
India's foreign exchange reserves soared to a record high of $642.49 billion by March 15, marking a fourth consecutive weekly increase. Buoyed by robust economic growth projections and substantial overseas investments, the reserves provide a buffer against currency fluctuations and cover more than 11 months of imports.
Rupee ends higher on inflows, likely RBI intervention caps rise
The local unit had hit an over six-month intraday high of 82.65, but the Reserve Bank of India (RBI) likely purchased dollars via state-run banks to prevent a significant appreciation in the rupee, traders said.
The role of algo-trading in investment decision-making: Is it for retail investors?
As we know, the prices of financial instruments like stocks, forex, and commodities fluctuate in fractions of a second.
India's forex reserves up $1.6 bn to $618.94 bn as of Jan 12
India's foreign exchange reserves increased by $1.6 billion to $618.94 billion as of January 12, 2024, according to the Reserve Bank of India. The reserves had declined sharply by $5.89 billion in the previous week. Foreign currency assets rose by $1.859 billion to reach $548.508 billion, while gold reserves decreased by $242 million to $47.247 billion.
Indian companies took on larger forex risk in 2023 counting on RBI support
India's total imports and exports between January and November 2023 declined 8% and 5%, respectively, from a year earlier. December data has not been released.
How China talked markets out of a run on the yuan
This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate.
When IMF's Lagarde gave thumbs up to RBI’s FX intervention
"A few directors explicitly supported the authorities’ view that exchange rate stability reflects improvements in India’s external position and that foreign exchange interventions have been used to avoid excessive volatility not warranted by fundamentals," said the IMF report.
Aluminium industry seeks govt intervention for declaration of rates for SEZs, EOUs under RoDTEP
The Aluminium Association of India (AAI) has requested the government to notify rates for aluminium special economic zones and export-oriented units (EOUs) under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The AAI believes that this move would boost India's exports and create a favorable business environment for domestic industries.
RBI's forex interventions used to manage volatility, not fix rupee level: Das
He also said there is a need to fully understand cryptocurrency risks before it is legitimised. Das said emerging markets always face spillover risks and India took a conscious decision to build buffers against these risks.
Bank of Israel to sell up to $30 billion of forex to stabilise shekel
The shekel had already weakened by 10% so far in 2023 to a rate of 3.86 per dollar on political turmoil, and on the heels of what is expected to be a long war with Hamas in Gaza the shekel was set to depreciate sharply.
Yen cowers near 150 as Japanese intervention chatter runs rife
Other currencies similarly fell against the yen in the previous session, with the euro losing more than 1.5% to a low of 154.39 yen. It recovered some of those losses and last bought 156.18 yen.
Dollar up, but off 10-month high, yen on intervention watch
The Federal Reserve last Wednesday said that it may hike rates further and was likely to keep them elevated for a longer time as it battles to bring inflation closer to its 2% annual target.
Sliding yen stokes intervention threat; dollar reigns
In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected.
Rupee strengthens on dollar weakness, likely RBI intervention
The RBI was possibly selling dollars in the final minutes of trade, two traders at state-run banks said. Foreign banks were also selling dollars following a correction in the dollar index, one of the traders said.
Load More
