Foreign Exchange News
India’s forex reserves jump for third straight week to hit over four-month high of $658.8 billion
India’s forex reserves logged a third straight week of rise in the kitty, which has been on a declining trend recently due to revaluation, along with forex market interventions by the RBI to help reduce volatilities in the rupee.
1 min read28 Mar 2025India’s forex reserves snap three-week gaining streak, drop by $2.54 billion to $635.721 billion
India’s forex reserves had hit an all-time high of $704.885 billion in September 2024. The forex kitty declined thereafter due to forex market interventions by RBI to reduce volatility in the rupee.
2 min read21 Feb 2025Ajit Ranade: Rupee depreciation is inevitable but exchange-rate volatility is not
The Reserve Bank of India should restrain its active forex intervention, while the government needs to frame policies aimed at attracting more dollars. It’ll also help to tone down the rhetoric that equates the rupee’s strength with national strength.
4 min read6 Jan 2025Mint Quick Edit | Has the rupee weakened or strengthened?
It has fallen against the dollar but its real effective exchange rate, vis-a-vis a basket of currencies, is at a peak. Is this too risky? That’s a call for RBI to take.
1 min read27 Dec 2024Ajit Ranade: India needs more sectors to be reliable dollar earners
Remittances and software exports get us a bulk of the foreign exchange we need to cover imports, but we must tap new opportunities, especially in under-exploited sectors like inbound tourism and education.
4 min read23 Dec 2024Ghana Cedi Gains Second Day After Central Bank Sells $214 Million
Ghana’s currency appreciated a second day after the central bank sold dollars to the market to boost the cedi.
1 min read11 Nov 2024Nomura Hires Traders for Currency, Emerging Markets Business
Nomura Holdings Inc. is bolstering its foreign exchange and emerging market trading ranks as interest-rate volatility rips across markets.
1 min read30 Aug 2024CFOs See Ongoing Pain From Foreign Exchange Oscillations
The U.S. dollar’s jolt higher this year caught companies by surprise. Now the currency is retracing some of that gain as Treasury rates slip.
4 min read1 Dec 2023The Clearest Sign of India’s Very Good Year
Currencies around the world have weakened against the dollar, but the rupee has held strong, as virtually everything has gone right for India.
4 min read28 Nov 2023Direct listing of Indian companies on foreign exchanges at GIFT City to be approved soon: Report
Direct listing of Indian companies on foreign exchanges at IFSC in GIFT City to be announced soon
1 min read31 Oct 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared