"foreign-exchange"

India’s gold imports fell nearly 70% to 25-30 tonnes after customs duty on gold was raised to 15% from 6%. Despite lower volumes, import value increased due to rising prices. The government aims to reduce foreign exchange outflow and prioritise essential imports

The Indian rupee appreciated for the third consecutive session, closing at 94.53 against the US dollar, supported by easing geopolitical tensions, falling crude oil prices, and softer dollar index. Equity inflows and positive global sentiment further strengthened the currency outlook

The rupee strengthened sharply by 77 paise to close at 95.08 against the US dollar, supported by falling global oil prices after reports of a possible US-Iran deal, a weaker dollar index, and strong gains in domestic equity markets

The rupee appreciated 25 paise to close at 95.36 against the US dollar on Tuesday, supported by lower crude oil prices, a weaker dollar index, positive domestic equities and easing geopolitical tensions in West Asia, helping the currency recover from recent losses

The Enforcement Directorate has launched a FEMA-related investigation into Vedanta Group, conducting searches at its offices in Delhi, Mumbai and Udaipur. The probe reportedly examines foreign exchange transactions involving brand fees, while the company says it is fully cooperating with authorities

Commerce Minister Piyush Goyal said the government does not intervene in exchange rates as they are market-driven, influenced by global factors. He added that India is focused on boosting exports, reducing imports, and strengthening investment through trade reforms and policy support

The RBI is employing a "non-direct" strategy to defend the struggling rupee, according to forex traders.

The Indian women’s hockey team has been placed in Pool D alongside England, China and South Africa for the FIH Hockey World Cup 2026, with Chief Coach Sjoerd Marijne expressing confidence in the team’s preparation and consistency ahead of the tournament.

Mercedes-Benz India has announced a 2 per cent price increase across its portfolio effective April 1, 2026, citing foreign exchange volatility and rising input costs. Audi India also declared a similar 2 per cent increase earlier this week.

The rupee fell 4 paise to 85.72 against the US dollar in early trade on Monday amid rising Brent crude prices and reduced yield appeal after RBI’s 50 bps rate cut. Traders expect short-term pressure on the currency.

According to forex traders, escalating geopolitical tensions between India and Pakistan have triggered a risk-off sentiment in the market, weighing on the rupee. However, steady foreign fund inflows and stable crude oil prices helped limit the domestic currency’s decline.

The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas

Forex traders said the Indian rupee touched new all-time lows weighed down by negative domestic markets which fell nearly 1.18 per cent.

Forex traders said a rebound in crude oil prices weighed on the rupee, and weak Asian and European currencies may further dampen investor sentiment.

Reserve Bank of India on Thursday announced a review of the regulatory framework for financial benchmark administrators.

At the interbank foreign exchange, the domestic unit opened at 82.29 against the dollar, then fell to 82.35, registering a decline of 10 paise over its last close.

At the interbank foreign exchange, the domestic unit opened weak at 82.00 against the dollar, then fell to 82.01, registering a decline of 6 paise over its last close.

At the interbank foreign exchange, the rupee opened at 82.08 against the dollar. It touched an early high of 82.05 in initial deals.

Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit.

Despite a deepening economic crisis, political parties in Pakistan are in no mood to pause their ongoing war