Foreign Exchange
Fuel, fertilizer and foreign exchange: India needs revolutionary action on all three fronts
Finance minister Nirmala Sitharaman recently spoke of three ‘Fs’ that we must conserve amid the West Asia crisis. On all three fronts, let’s aim to replicate the revolution that spelt security for India on the fourth F we were once so short of—food.
2 min read5 Jun 2026Should you add silver instead of gold after the duty hike-triggered price rally? Experts say, ‘a tactical addition…’
India has increased import tariffs on gold and silver to 15%, up from 6%, to reduce imports and protect foreign exchange reserves. This tariff increase led to a nearly 6% price surge in both metals, impacting demand for gold jewellery and prompting investors to consider silver as an alternative.
1 min read14 May 2026Rupee opens 2 paise higher at 95.61 against the US dollar
The rupee opened at 95.61 against the US dollar, aided by increased import duties on gold and silver. However, elevated oil prices and US inflation could limit gains. India raised tariffs to reduce demand and support the currency amid a trade deficit exacerbated by rising crude prices.
2 min read13 May 2026Govt hikes import duty on gold and silver. What does it mean for MCX gold, silver rates?
The Indian government has increased import duties on gold and silver to 15% to curb foreign purchases and protect foreign exchange reserves. This may dampen demand and support the rupee, but experts warn it could also lead to increased smuggling.
1 min read13 May 2026Chalet Hotels, Lemon Tree to IHCL: Hotel stocks drop up to 3% on PM Modi's appeal
Shares of major hospitality companies fell over 2% on May 11 following Prime Minister Modi's call for a temporary pause on foreign travel. He urged citizens to focus on domestic tourism to support the local economy during the ongoing global crisis.
2 min read11 May 2026Rupee opens 40 paise lower at 94.88 against the US dollar
The Indian rupee fell to 94.88 against the dollar as crude oil prices surged and U.S.-Iran tensions escalated. Experts note India's growing dollar dependence, despite healthy foreign reserves, affecting currency performance.
2 min read11 May 2026RBI rejects non-banks’ entry into top-tier forex dealing
In its final notification on the Foreign Exchange Management (Authorised Persons) Regulations, the central bank explicitly declined the industry’s proposal that Authorised Dealer Category-I licences be provided to non-banks.
1 min read6 May 2026Rupee puzzle: Why the currency’s exchange rate is not justified by India's economic fundamentals
The rupee’s current level against the dollar reflects capital flows distorted by an AI-oriented rush to the US, worsened by bearish narratives about India that don’t survive scrutiny. The gap may close once the AI cycle turns—as it probably will.
5 min read4 May 2026Rupee opens 18 paise lower at 93.31 against US dollar
On 21 April, the rupee fell 18 paise to 93.31 against the US dollar amid geopolitical concerns and the RBI's easing of foreign exchange restrictions. Experts suggest the rupee's future depends on oil prices and geopolitical events, with expectations of trading between 92.65 and 93.45.
1 min read21 Apr 2026Rupee weakens 55 paise to open at 93.28 against US dollar as crude oil prices spike
The Indian rupee weakened to 93.28 on April 13, amid rising oil prices and a volatile ceasefire between the US and Iran. Stock indices declined, with the Sensex dropping over 1600 points. Concerns about inflation and economic outlook persist for oil-importing India.
2 min read13 Apr 2026Wait for it…
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