Tag: us dollar
$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the Reserve Bank of India (RBI) unveiled a package of measures to attract foreign currency, the numbers are beginning to look extraordinary….
Gold, code and the rupee: Inside the quiet war over how the world will pay
In November 1956, Britain learned what its money was really worth. British and French troops had seized the Suez Canal and were winning on the…
Why are central banks buying more gold? Here’s what it means for the global economy
Central banks around the world are ramping up gold purchases at the fastest pace in decades, driven by rising geopolitical tensions, persistent inflation concerns, currency…
Rupee value is market-driven, has no target band against US dollar: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the rupee’s value against the US dollar is market-determined and there is no target or specific…
Peace in West Asia expected to boost order book of Indian exporters: Industry body FIEO
New Delhi: Restoration of peace in the West Asian region is expected to revive the order books of Indian exporters and reduce input costs, as…
INR breached 95 Vs USD: 6 ways in which a depreciating Rupee affect your personal finances?
On 5th May 2026, the Indian Rupee (INR) breached the 95 mark against the US Dollar (USD), hitting a new all-time low. Over the last…
India approves Rs 30 billion for Maldives under SAARC currency swap
New Delhi: India has approved withdrawal of Rs 30 billion for the Maldives under the SAARC Currency Swap Framework, the Indian High Commission in Male…
RBI working to provide avenues to Russian trade counterparts for INR use
Mumbai: The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade…
Forex reserves decline by $12 billion as volatility hits asset valuations
MUMBAI: India’s foreign exchange reserves fell sharply in the week ended March 6, reflecting increased currency market volatility and valuation changes amid global geopolitical tensions….
India’s forex reserves swell by $8.66 bn to hit an all-time high of $725.7 bn
India’s foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February…