"forex"

The rupee fell 25 paise to 93.16 against the United States dollar amid West Asia tensions and rising crude concerns. Disruptions near the Strait of Hormuz increased dollar demand, keeping the local currency under pressure despite earlier gains

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.

The Indian rupee fell 39 paise to a record low of 90.33 against the US dollar on Thursday, amid delays in the India-US trade deal. Risk-averse markets and sustained foreign fund outflows pressured the local currency

Chief Economic Advisor V Anantha Nageswaran said the government is unconcerned about the rupee’s fall, noting it has not affected inflation or exports. Analysts say the currency may stabilise once the India-US trade deal is finalised

Cyberabad Cybercrime officials solved three fraud cases reported between November 6 and 11, arresting four suspects involved in online trading and smishing scams. A private employee lost Rs 21.9 lakh after being lured through a fake Forex app promoted on Telegram

The Enforcement Directorate has booked several Full Fledged Money Changers in Hyderabad for operating without valid RBI licences. Despite surrendering their licences earlier this year, some firms continued illegal forex operations using forged documents.

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

India's gold reserves reached $65.76 billion as of October 4, up from $21.15 billion on December 7, 2018, according to RBI data. Since Shaktikanta Das took office as RBI Governor in December 2018, foreign exchange reserves have also surged by 78%, rising to $701.18 billion as of October 4, compared to $393.74 billion in December 2018.

The domestic unit opened at 83.39 against the greenback at the interbank foreign exchange, slipping further to 83.43, marking a 5 paise loss from its previous close.

The central bank's weekly statistical data revealed a decline of USD 2.653 billion in India's foreign currency assets (FCA), the largest segment of the forex reserves, bringing the total to USD 545.855 billion by the end of the week.

China's leading real estate firms have reported nearly USD 3 billion in foreign exchange losses for the first half of this year

Elaborating on the recently issued proposals to tackle the menace of financial influencers, the official said Sebi is acting keeping the future in mind and its intent is only to get into a situation if a regulated entity comes into the picture.

Due to foreign debt payments, the central bank said its reserves fell $592 million to $3,086.2 million during the week ended January 27

Hyderabad: Hyderabad-headquartered Dr Reddy’s Laboratories (DRL) said its consolidated profit after tax (PAT) for the July-September quarter was up 12 per cent at Rs 1,112.8 crore as against Rs 992 crore in the same quarter a year ago. Its revenues during the quarter were up nine per cent to Rs 6,305.7 crore compared to Rs […]

Mumbai: Snapping 10 consecutive weeks of decline, India’s foreign exchange (forex) reserves rose by USD 4.23 billion to USD 597.509 billion for the week ended May 20, the Reserve Bank of India (RBI) data showed. This is the first increase in India’s forex reserves in the past 11 weeks. The forex reserves had declined by […]

Hyderabad: MicroBite, city-based company, has developed a technology that will reduce the time for fermentation. This has a bearing for the ethanol and beverage industries. Lower fermentation times mean faster production times. The company has drawn up plans to set up a five kilo litre pre day (KLPD) capacity bioethanol plant in the State. It […]

The broader NSE Nifty extended its winning run to the fourth consecutive session, climbing 93 points or 0.17 per cent to finish at 15,301.45.

In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion

On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.

The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.