News for 'Forex'

India's forex reserves jump $5.17 bn to $697 bn

India's forex reserves jump $5.17 bn to $697 bn

Rediff.com13 Jun 2025

India's forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6, the RBI said on Friday. The overall reserves had dropped by $1.24 billion to $691.49 billion for the week ended May 30.

Forex reserves drop by $3 bn to $699.74 bn

Forex reserves drop by $3 bn to $699.74 bn

Rediff.com11 Jul 2025

India's forex reserves dropped by $3.05 billion to $699.74 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by $4.85 billion to $702.78 billion.

'Strong Reforms, Not Panic, Will Help Ride Out Rupee's Weakness'

'Strong Reforms, Not Panic, Will Help Ride Out Rupee's Weakness'

Rediff.com5 Dec 2025

'In the long run, India's strong growth story and reforms to make assets globally attractive will determine the rupee's resilience.'

How will India's auto industry perform in 2026?

How will India's auto industry perform in 2026?

Rediff.com21 Dec 2025

After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.

Forex reserves jump $6.99 bn to $692.72 bn

Forex reserves jump $6.99 bn to $692.72 bn

Rediff.com30 May 2025

India's forex reserves jumped by $6.99 billion to $692.72 billion during the week ended May 23, the RBI said on Friday.

Sebi chief slams repeated outages at exchanges

Sebi chief slams repeated outages at exchanges

Rediff.com4 Nov 2025

Days after an outage at MCX, Sebi chairman Tuhin Kanta Pandey on Tuesday expressed his displeasure over "repeated" instances of breakdowns at exchanges.

India's forex reserves drop $1.24 bn to $691.49 bn

India's forex reserves drop $1.24 bn to $691.49 bn

Rediff.com6 Jun 2025

India's forex reserves dropped by $1.24 billion to $691.49 billion for the week ended May 30, the RBI said on Friday. The overall reserves had jumped by $6.99 billion to $692.72 billion in the previous reporting week.

Importers rush to hedge while exporters wait on sidelines amid rupee dip

Importers rush to hedge while exporters wait on sidelines amid rupee dip

Rediff.com5 Dec 2025

Importers are rushing to hedge their dollar positions amid the sharp depreciation of the rupee against the American currency and expectations of further volatility even as exporters are holding off after suffering mark-to-market (MTM) losses on earlier hedges.

Rupee breaches 90/dollar for first time; closes at all-time low of 90.15

Rupee breaches 90/dollar for first time; closes at all-time low of 90.15

Rediff.com3 Dec 2025

The rupee breached 90-levels against the greenback for the first time on Wednesday, falling 6 paise to 90.02 in early trade, as banks kept buying US dollars at higher levels and FII outflows continued.

India's forex kitty drops $4.89 bn to $685.73 bn

India's forex kitty drops $4.89 bn to $685.73 bn

Rediff.com23 May 2025

India's forex reserves dropped $4.89 billion to $685.73 billion for the week ended May 16, the Reserve Bank of India said on Friday. The overall reserves jumped by $4.553 billion to $690.617 billion in the previous reporting week.

Why Rupee Depreciation Should Not Be Resisted

Why Rupee Depreciation Should Not Be Resisted

Rediff.com4 Dec 2025

'Calibrated depreciation will help rebalance external fundamentals, offset some of the tariff differentials with competitors, improve the competitiveness of domestic substitutes vis-a-vis Chinese imports, and contribute to the easing of financial conditions at a time when the inflation rate is unusually low,' explains Sajjid Z Chinoy, head of Asia Economics at JP Morgan.

LG India profit declines 27.3%

LG India profit declines 27.3%

Rediff.com14 Nov 2025

LG Electronics India saw its net profit decline by 27.3 per cent due to margin pressures witnessed in the second quarter. Its net sales in the quarter marginally rose 0.9 per cent to Rs 6,170.4 crore in the July-September quarter.

Forex reserves drop Rs 2 bn to Rs 686 bn

Forex reserves drop Rs 2 bn to Rs 686 bn

Rediff.com9 May 2025

India's forex reserves dropped Rs 2.065 billion to Rs 686.064 billion for the week ended May 2, the RBI said on Friday.

Forex reserves jump $1.98 bn to $688.13 bn

Forex reserves jump $1.98 bn to $688.13 bn

Rediff.com2 May 2025

India's forex reserves increased $1.98 billion to $688.13 billion during the week ended April 25, the RBI said on Friday. This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to $686.14 in the previous reporting week.

Forex reserves swell $10.87 bn to $676.27 bn

Forex reserves swell $10.87 bn to $676.27 bn

Rediff.com11 Apr 2025

India's forex reserves jumped $10.87 billion to $676.27 billion during the week ended April 4, the Reserve Bank of India (RBI) said on Friday. The overall kitty had jumped $6.6 billion to $665.4 billion in the previous reporting week.

Forex reserves swell $8.31 bn to $686.14 bn

Forex reserves swell $8.31 bn to $686.14 bn

Rediff.com25 Apr 2025

India's forex reserves jumped $8.31 billion to $686.14 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by $1.57 billion to $677.83 billion in the previous reporting week ended April 11.

Forex kitty jumps $6.6 bn to $665.4 bn

Forex kitty jumps $6.6 bn to $665.4 bn

Rediff.com4 Apr 2025

India's forex kitty jumped $6.596 billion to $665.396 billion during the week ended March 28, the RBI said on Friday. In the previous reporting week, the overall reserves rose by $4.53 billion to $658.8 billion, the RBI said on Friday.

Forex kitty rises by $305 mn to $654.27 bn

Forex kitty rises by $305 mn to $654.27 bn

Rediff.com21 Mar 2025

The country's forex reserves increased by $305 million to $654.27 billion during the week ended March 14, the RBI said on Friday. In the previous reporting week, the overall reserves rose by $15.27 billion to $653.97 billion and registered the sharpest weekly rise in two years.

Forex kitty jumps $4.53 bn to $658.8 bn

Forex kitty jumps $4.53 bn to $658.8 bn

Rediff.com28 Mar 2025

The country's forex reserves jumped by $4.53 billion to $658.8 billion during the week ended March 21, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by $305 million to $654.27 billion.

Forex reserves jump $4.5 bn to $690.62 bn on rise in gold assets

Forex reserves jump $4.5 bn to $690.62 bn on rise in gold assets

Rediff.com16 May 2025

India's forex reserves jumped by $4.55 billion to $690.62 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

India's forex reserves jump $1.57 bn to $677.83 bn

India's forex reserves jump $1.57 bn to $677.83 bn

Rediff.com18 Apr 2025

India's forex reserves increased by $1.57 billion to $677.83 billion for the week ended April 11, the Reserve Bank said on Friday. This is the sixth consecutive week of a rise in the kitty.

Forex reserves drop $1.78 bn to $638.7 bn

Forex reserves drop $1.78 bn to $638.7 bn

Rediff.com7 Mar 2025

India's forex reserves dropped by $1.78 billion to $638.7 billion in the week ended February 28, the RBI said on Friday.

How to Beat the Festive Debt Trap

How to Beat the Festive Debt Trap

Rediff.com5 Nov 2025

Those who have binged on credit must spend less, cut discretionary expenses, and focus on repayment.

ED arrests UP agent for duping investors through 'QFX' Ponzi fraud

ED arrests UP agent for duping investors through 'QFX' Ponzi fraud

Rediff.com26 Sep 2025

The Enforcement Directorate (ED) has arrested an agent based in Uttar Pradesh for allegedly defrauding investors through the 'QFX' Ponzi scheme. The agent, Navab Hassan, has been remanded to ED custody for nine days. This is the second arrest in the case, which involves multiple FIRs across several states.

Vedanta net profit plunges 59% on exceptional losses

Vedanta net profit plunges 59% on exceptional losses

Rediff.com1 Nov 2025

Mining major Vedanta's consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported a net exceptional gain of Rs 1,160 crore in Q2FY25.

India's forex reserves drop $2.54 billion to $635.72 billion

India's forex reserves drop $2.54 billion to $635.72 billion

Rediff.com21 Feb 2025

Snapping the three-week rising streak, India's forex reserves dropped by $2.54 billion to $635.72 billion in the week ended February 14, the RBI said on Friday. In the previous reporting week, the reserves had increased by $7.65 billion to $638.26 billion.

Mercedes clocks record Navratri sale of 2,500 cars

Mercedes clocks record Navratri sale of 2,500 cars

Rediff.com8 Oct 2025

'We expect this festival buying spirit to continue in October as well, with upcoming festivities including Dhanteras and Diwali, which traditionally witness spirited buying from customers.'

Forex kitty jumps sharpest in 2 yrs, rises to $653.96 bn

Forex kitty jumps sharpest in 2 yrs, rises to $653.96 bn

Rediff.com15 Mar 2025

In the sharpest jump in over two years, the country's foreign exchange reserves increased by $15.27 billion to $653.97 billion during the week ended March 7, the RBI has said. The overall reserves had dropped by $1.78 billion to $638.7 billion in the previous week.

India's forex reserve jumps by $4.76 billion to $640.48 billion

India's forex reserve jumps by $4.76 billion to $640.48 billion

Rediff.com28 Feb 2025

India's forex reserve jumped by $4.76 billion to $640.48 billion in the week ended February 21, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $2.54 billion to $635.72 billion.

India's forex kitty jumps $7.65 bn to $638.26 bn

India's forex kitty jumps $7.65 bn to $638.26 bn

Rediff.com14 Feb 2025

India's forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday. This is the third consecutive week of a jump in the kitty, which had increased by $1.05 billion to $630.61 billion for the week ended January 31.

RBI announces slew of measures to promote rupee

RBI announces slew of measures to promote rupee

Rediff.com1 Oct 2025

In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade.

India's forex reserves rise $1.05 bn to $630.61 bn

India's forex reserves rise $1.05 bn to $630.61 bn

Rediff.com7 Feb 2025

India's forex reserves rose $1.05 billion to $630.61 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by $5.57 billion to $629.56 billion.

India's forex reserves rise $5.57 bn to $629.55 bn

India's forex reserves rise $5.57 bn to $629.55 bn

Rediff.com31 Jan 2025

India's forex reserves increased $5.57 billion to $629.56 billion in the week ended January 24, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped $1.89 billion to $623.98 billion.

Global Investing: What YOU Must Know

Global Investing: What YOU Must Know

Rediff.com16 Oct 2025

Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.

'Don't Put Significant Portion Of Portfolio In Gold, Silver'

'Don't Put Significant Portion Of Portfolio In Gold, Silver'

Rediff.com14 Oct 2025

'For most investors, I recommend a low double-digit allocation (10 to 12 per cent) to gold and silver combined.'

'Ethanol-blended petrol could reduce mileage by 2-4%'

'Ethanol-blended petrol could reduce mileage by 2-4%'

Rediff.com31 Aug 2025

'The E20 usage accrues the huge benefit to the nation, to the society, to the farmer, to the environment, to the exchequer and all of us'

Rupee trades near record lows against USD

Rupee trades near record lows against USD

Rediff.com2 Sep 2025

Indian rupee slipping below the record 88 level against the US dollar will enhance price competitiveness of Indian products in global markets and help exporters diversify beyond the US market, say exporters. However, import-dependent sectors such as gems and jewellery, petroleum and electronics may see lower benefits due to a rise in input costs, they stated.

Forex reserves drop $2 bn to $652.87 bn

Forex reserves drop $2 bn to $652.87 bn

Rediff.com20 Dec 2024

India's forex reserves dropped by $1.99 billion to $652.87 billion for the week ended December 13, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $3.235 billion to $654.857 billion.

India's forex reserves decline by $1.88 bn to $623.98 bn

India's forex reserves decline by $1.88 bn to $623.98 bn

Rediff.com24 Jan 2025

India's forex reserves dropped by $1.88 billion to $623.98 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by $8.71 billion to $625.87 billion in the week ended January 10, the Reserve Bank of India said.