Foreign exchange

India's Forex reserves remain fourth largest globally, says RBI Governor

The RBI governor said the depreciation of the Indian rupee is more on account of the appreciation of US dollar rather than weakness in macroeconomic fundamentals of the Indian economy.

published on : 5th August 2022

Rupee falls 17 paise to close at 79.32 against US dollar

At the interbank foreign exchange market, the local currency opened at 79.21 and finally ended at 79.32, down 17 paise over its previous close.

published on : 4th August 2022

Rupee tanks 62 paise to close below 79 mark; trade deficit, rate hike fears dent sentiment

On Tuesday, the rupee rallied 53 paise, its best single-day gain in over 11 months, to close at an over one-month high of 78.53 against the US dollar.

published on : 4th August 2022

Rupee plummets 68 paise to close at 79.21 against US dollar

At the interbank foreign exchange market, the local currency opened lower at 78.70 and fell further to settle at the day's low of 79.21.

published on : 3rd August 2022

Chikoti Praveen: 'Animal lover' who got involved in illegal rackets involving wildlife

Very ambitious to make it big in life, he did not show much interest in his grandfather’s and father’s ceramic tiles business.

published on : 31st July 2022

Forex reserves fall for fourth straight week; dip by USD 1.15 billion

The $1.152 billion decline was recorded in the forex reserves during the week when the Indian rupee breached the psychologically important 80 per dollar mark for the first time ever.

published on : 30th July 2022

Raids on Hyderabad casino owners: MLAs, celebs may be part of business

On Thursday, the ED issued separate notices to Praveen and Madhava Reddy, summoning them to appear before it on Monday and explain the allegations.

published on : 29th July 2022

Rupee falls 10 paise to 79.88 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise over the last close.

published on : 27th July 2022

PMLA, FEMA stings sharper under NDA

Giving its rationale behind the spike in the number of searches by the ED, the govt said this showed its “commitment to preventing money laundering and improved systems for intelligence.

published on : 27th July 2022

Rupee falls 7 paise to 79.92 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.90 against the US dollar, then fell to 79.92 against the greenback, registering a decline of 7 paise over the last close.

published on : 22nd July 2022

Big media group's top management questioned by ED in alleged FEMA violation

The ED has found transactions of about Rs 900 crore of a few firms based in the British Virgin Islands who were dealing with BCCL.

published on : 8th July 2022

Rupee rises 9 paise to 79.24 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.29 against the American dollar. In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar.

published on : 6th July 2022

Rupee gains 5 paise to close at 78.98 against US dollar

The rupee had breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of lifetime lows this month.

published on : 30th June 2022

Rupee falls 18 paise to close at record low of 79.03 against US dollar

The sentiment remains feeble for the rupee amid foreign fund outflows and fear of dollar shortages following quantitative tightening from the US Federal Reserve.

published on : 29th June 2022

Rupee hits record low of 78.59 against US dollar in early trade

On domestic equity market front, the 30-share Sensex was trading 314.88 points or 0.59 per cent lower at 52,846.40, while the broader NSE Nifty declined 101.75 points or 0.64 per cent to 15,730.30.

published on : 28th June 2022

Rupee gains six paise against US dollar in early trade

At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close.

published on : 27th June 2022

India's forex reserves dip by USD 5.9 billion to USD 590.59 billion: RBI

India's reserve position in the International Monetary Fund dropped by USD 17 million to USD4.968 billion during the week ended June 17, as per the RBI Weekly Statistical Supplement.

published on : 25th June 2022

Lanka limits foreign currency possession by individuals to support dwindling forex reserve

With the intention of attracting foreign currency in the hands of the public into the formal banking system, Minister of Finance Ranil Wickremesinghe issued the order under the Foreign Exchange Act.

published on : 25th June 2022

Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04.

published on : 15th June 2022

Rupee surges 12 paise to 77.46 against US dollar in early trade

Global oil benchmark Brent crude futures surged 0.54 per cent to USD 120.08 per barrel.

published on : 30th May 2022
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