Tag: India’s forex reserves

Stock markets marginally up in volatile trade ahead of U.S. Fed chief speech

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Stock markets marginally up in volatile trade ahead of U.S. Fed chief speech

The 30-share BSE index rose 147.89 points to close at 81,053.19, registering gains for the third day in a row.  | Photo Credit: Reuters Benchmark Sensex and Nifty edged up in volatile trade on Friday (August 23, 2024) following buying in blue-chip stocks such as ICICI Bank and Bharti Airtel amid mixed global trends ahead…

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Rupee rises 4 paise to close at 83.89 against U.S. dollar

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Rupee rises 4 paise to close at 83.89 against U.S. dollar

According to RBI Governor Shaktikanta Das, the current policy rate of 6.5% is broadly balanced, and any justification for policy easing at this juncture can be misleading. File | Photo Credit: The Hindu The rupee traded in a narrow range and settled higher by 4 paise at 83.89 (provisional) against the American currency on Friday…

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Rupee rises 5 paise against US dollar in early trade

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Rupee rises 5 paise against US dollar in early trade

Representational image. | Photo Credit: AFP Rupee traded in a narrow range and appreciated 5 paise to 83.88 against the US dollar in morning trade on Friday (August 23, 2024) supported by easing crude oil prices and fresh foreign fund inflows. Forex traders said significant correction in oil prices, which is hovering around USD 77…

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Rupee recovers from all-time low to 83.65 against US dollar in early trade

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Rupee recovers from all-time low to 83.65 against US dollar in early trade

 Forex traders said foreign fund inflows and possible intervention by the RBI supported the rupee at lower levels and restricted the downfall. File | Photo Credit: Reuters The rupee recovered from its all-time low level and appreciated by 5 paise to 83.65 against the US dollar in early trade on July 22, as the American…

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Forex reserves jump by $2.975 billion to $619 billion

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Forex reserves jump by .975 billion to 9 billion

India’s forex reserves jumped by $2.975 billion to $619.072 billion for the week ended February 23, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $1.132 billion to $616.097 billion. For the week ending February 23, the foreign currency assets, a major component of the reserves, increased…

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Rupee rises 2 paise against US dollar in early trade

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Rupee rises 2 paise against US dollar in early trade

The rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday, February 7, 2024, supported by positive domestic equities. Moreover, the weakness of the American currency in the overseas market also aided sentiments. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar, registering a gain of…

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Rupee falls eight paise to settle at 83.06 against U.S. dollar

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Rupee falls eight paise to settle at 83.06 against U.S. dollar

The Rupee depreciated eight paise to settle at 83.06 (provisional) against the U.S. dollar on February 5, as strengthening American currency overseas and negative sentiment in the domestic equity markets weighed on the local unit. “However, the downward trend in the global crude oil prices supported the domestic unit and restricted its decline,” forex traders…

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India’s forex reserves drop $7.27 billion to $594.88 billion

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India’s forex reserves drop .27 billion to 4.88 billion

In the previous reporting week, the overall reserves had risen by $708 million to $602.161 billion. | Photo Credit: REUTERS India’s forex reserves dropped by $7.273 billion to $594.888 billion for the week ended August 18, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by $708 million…

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