News for 'foreign exchange'

UP police foil terror plot targeting key sites, two with ISI links held

UP police foil terror plot targeting key sites, two with ISI links held

Rediff.com6 May 2026

The Uttar Pradesh Anti-Terrorism Squad (ATS) has arrested two youths for allegedly conspiring to carry out terror attacks at key installations in the state, acting on directions from Pakistan-linked operatives.

Bhagwant Mann Slams Centre Over ED Raids, Alleges Political Vendetta

Bhagwant Mann Slams Centre Over ED Raids, Alleges Political Vendetta

Rediff.com9 May 2026

Punjab Chief Minister Bhagwant Mann has accused the BJP-led central government of playing 'dangerous games' with Punjab, alleging the misuse of agencies like the Enforcement Directorate (ED) and the CBI for political purposes.

Can Dinesh Trivedi's Dhaka posting mend frayed India-Bangladesh ties?

Can Dinesh Trivedi's Dhaka posting mend frayed India-Bangladesh ties?

Rediff.com28 Apr 2026

Former Union minister Dinesh Trivedi has been appointed as India's next High Commissioner to Bangladesh, signalling efforts to strengthen bilateral relations between the two countries.

Rupee closes at record low of 94.05 against US dollar

Rupee closes at record low of 94.05 against US dollar

Rediff.com25 Mar 2026

The Indian rupee weakened against the US dollar due to sustained foreign fund outflows and uncertainties in West Asia, although lower crude oil prices and a positive opening in domestic equity markets limited the losses.

Stock Markets Today: Sensex, Nifty50 in Red as Oil Price Surge above $120 per Barrel

Stock Markets Today: Sensex, Nifty50 in Red as Oil Price Surge above $120 per Barrel

Rediff.com30 Apr 2026

Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by a sharp surge in crude oil prices above USD 120 per barrel, weak global market trends, and continued foreign fund outflows.

Stock Markets Today: Sensex, Nifty rebound in early trade, supported by DII buying and Asian markets

Stock Markets Today: Sensex, Nifty rebound in early trade, supported by DII buying and Asian markets

Rediff.com29 Apr 2026

Indian equity benchmark indices Sensex and Nifty rebounded in early trade, driven by buying in blue-chip stocks and a positive trend in Asian markets, with domestic institutional investors providing crucial support.

Trump to visit China this week amid global tension

Trump to visit China this week amid global tension

Rediff.com6 days ago

US President Donald Trump will visit China from May 13 to 15 at the invitation of President Xi Jinping. The visit occurs amidst global tensions, including the war in West Asia and trade disputes between the US and China. Discussions are expected to cover China-US relations, world peace, and economic issues.

Govt Defends Soft Approach To Fuel Crisis

Govt Defends Soft Approach To Fuel Crisis

Rediff.com1 days ago

'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'

Rupee breaches 93/dollar for the first time, down 19 paise

Rupee breaches 93/dollar for the first time, down 19 paise

Rediff.com20 Mar 2026

The Indian rupee weakened to a record intra-day low against the US dollar due to a strengthening greenback, continuous foreign capital outflows, and elevated global crude oil prices amidst the West Asia conflict.

No joint statement as BRICS MENA fails to reach consensus on West Asia: MEA

No joint statement as BRICS MENA fails to reach consensus on West Asia: MEA

Rediff.com28 Apr 2026

The ministry of external affairs on Monday said that a joint statement could not be issued following the BRICS deputy foreign ministers and special envoys on the Middle East and North Africa (MENA) meeting, which took place on April 24 in the national capital, as member countries were unable to reach a general consensus concerning the conflict in West Asia.

Stock Markets Today: Sensex, Nifty50 Down on Strait of Hormuz Tensions, Weak Rupee

Stock Markets Today: Sensex, Nifty50 Down on Strait of Hormuz Tensions, Weak Rupee

Rediff.com5 May 2026

Indian equities on Dalal Street saw volatility as global market trends and weak rupee impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 5, 2026.

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rupee on March 24, 2026: Rupee Declines as Dollar Strengthens and Crude Prices Rise

Rediff.com24 Mar 2026

The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.

High Crude Prices, Global Cues Drag Indian Stock Markets Lower

High Crude Prices, Global Cues Drag Indian Stock Markets Lower

Rediff.com30 Apr 2026

Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower due to surging crude oil prices, weak global market trends, and significant foreign fund outflows, with geopolitical tensions and inflation concerns further dampening investor sentiment.

Fuel price hike on cards? Puri says oil companies are losing Rs 1,000 cr a day

Fuel price hike on cards? Puri says oil companies are losing Rs 1,000 cr a day

Rediff.com5 days ago

India possesses two months of fuel stockpiles and faces no supply concerns despite global energy disruptions, according to Oil Minister Hardeep Singh Puri. However, state-run fuel retailers are incurring losses of up to Rs 1 lakh crore in a single quarter due to elevated crude prices and unchanged retail fuel prices, raising questions about the sustainability of these losses.

Rupee breaches 95-level against US dollar for first time

Rupee breaches 95-level against US dollar for first time

Rediff.com30 Mar 2026

The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.

Dawood Ibrahim Aide Dola In NCB Custody Till May 8

Dawood Ibrahim Aide Dola In NCB Custody Till May 8

Rediff.com30 Apr 2026

Notorious drug trafficker Mohammad Salim Dola, a close aide of fugitive gangster Dawood Ibrahim, has been remanded in the Narcotics Control Bureau's custody until May 8 in connection with a 2023 drugs seizure case.

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Rediff.com2 days ago

Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.

Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire

Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire

Rediff.com8 Apr 2026

The Indian rupee saw a significant appreciation against the US dollar following President Trump's suspension of military strikes against Iran and the Reserve Bank of India's decision to maintain its key interest rate. Market sentiment was further buoyed by positive comments from the RBI regarding the health of the banking sector.

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Rediff.com21 Mar 2026

The rupee plunged to a fresh low of 93.72 against the dollar on Friday, falling 1.15 per cent in a single session - its sharpest one-day decline since February 24, 2022 - as elevated crude oil prices and strong dollar demand from oil-marketing companies and foreign portfolio investors (FPIs) weighed on the currency.

RBI To Enhance Security For Prepaid Payment Instruments

RBI To Enhance Security For Prepaid Payment Instruments

Rediff.com22 Apr 2026

The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Rediff.com5 May 2026

Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.

Why BJP Calls Mamata Banerjee A 'Symbol Of Anarchy'

Why BJP Calls Mamata Banerjee A 'Symbol Of Anarchy'

Rediff.com22 Apr 2026

The BJP has criticised West Bengal Chief Minister Mamata Banerjee, calling her a 'symbol of anarchy' after the Supreme Court questioned her actions during an ED search. The party claims her 'jungle raj' will end with the TMC's defeat in the upcoming assembly polls.

Setback for peace talks as Iranian FM leaves Pak, Trump cancels envoys' trip

Setback for peace talks as Iranian FM leaves Pak, Trump cancels envoys' trip

Rediff.com26 Apr 2026

An Iranian delegation, led by Foreign Minister Abbas Araghchi, concluded high-level meetings in Islamabad, delivering an 'official list of demands' to Pakistani leaders for the US and Israel. This comes as President Trump cancelled his envoys' visit to Islamabad amid ongoing efforts to facilitate peace talks between Iran and the US.

Sensex rallies 356 points as state poll results align with market expectations

Sensex rallies 356 points as state poll results align with market expectations

Rediff.com4 May 2026

Indian benchmark indices Sensex and Nifty closed higher, with the Sensex climbing 355.90 points, driven by positive state election results and better-than-expected Q4 earnings, despite ongoing geopolitical concerns.

Stock Markets today: Sensex, Nifty Rebound on Sun Pharma Acquisition News

Stock Markets today: Sensex, Nifty Rebound on Sun Pharma Acquisition News

Rediff.com27 Apr 2026

Indian benchmark indices Sensex and Nifty rebounded in early trade after three days of decline, driven by a rally in Sun Pharma following its USD 11.75 billion acquisition of US-based Organon & Co, alongside a positive trend in global equity markets.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

Modi to embark on six-day visit to UAE, Europe

Modi to embark on six-day visit to UAE, Europe

Rediff.com6 days ago

Prime Minister Narendra Modi will visit the UAE, the Netherlands, Sweden, Norway and Italy to deepen India's bilateral ties amid geopolitical changes.

Stock markets today: Sensex, Nifty50 rebound as US-Iran negotiations progress, easing oil price fears

Stock markets today: Sensex, Nifty50 rebound as US-Iran negotiations progress, easing oil price fears

Rediff.com6 May 2026

Indian benchmark indices, Sensex and Nifty, saw a significant rebound in early trade, driven by a decline in crude oil prices. This drop followed US President Donald Trump's announcement of progress in negotiations with Iran towards an agreement to end the war, leading to a temporary pause in 'Project Freedom' to escort ships through the Strait of Hormuz. Track Nifty 50 and BSE Sensex performance and key global triggers.

Strong domestic growth will attract foreign investments: RBI Governor

Strong domestic growth will attract foreign investments: RBI Governor

Rediff.com14 Jan 2026

Strong domestic growth will continue to draw foreign investment into the Indian economy, Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Tuesday. He said this was reflected in recent free trade agreements and investment commitments by large technology companies.

RBI takes measured steps on liquidity amid tax outflows

RBI takes measured steps on liquidity amid tax outflows

Rediff.com9 Mar 2026

To meet liquidity pressure because of advance tax outflows this month, the Reserve Bank of India (RBI) has adopted a measured approach with its latest announcement of open-market operations (OMOs), worth Rs 1 trillion.

India's Forex Reserves Surge to a Historic Peak of $728.5 Bn

India's Forex Reserves Surge to a Historic Peak of $728.5 Bn

Rediff.com6 Mar 2026

India's foreign exchange reserves have surged to an all-time high, reaching USD 728.494 billion, according to the Reserve Bank of India. This increase is attributed to a rise in foreign currency assets and gold reserves.

Tax changes sweeten the deal, making share buybacks attractive for Indian companies

Tax changes sweeten the deal, making share buybacks attractive for Indian companies

Rediff.com5 May 2026

Indian companies are increasingly turning to share buybacks as a preferred payout strategy, driven by recent tax framework changes that make them more tax-efficient for non-promoter shareholders and a fall in stock prices.

Budget 2026: Regulatory Framework For Crypto Exchanges On Cards?

Budget 2026: Regulatory Framework For Crypto Exchanges On Cards?

Rediff.com27 Jan 2026

Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.

Himanta Biswa Sarma: From AASU to BJP's Northeast face

Himanta Biswa Sarma: From AASU to BJP's Northeast face

Rediff.com5 days ago

Himanta Biswa Sarma's return as Assam's Chief Minister underscores the BJP's increasing dominance in the northeast, marked by both development and divisive policies.

Mamata Banerjee Obstructed Coal Smuggling Probe, ED Tells Supreme Court

Mamata Banerjee Obstructed Coal Smuggling Probe, ED Tells Supreme Court

Rediff.com23 Apr 2026

The Enforcement Directorate has accused West Bengal Chief Minister Mamata Banerjee of obstructing its investigation into a Rs 2,700-crore coal smuggling case, alleging she used state machinery to halt a search of an I-PAC office in Kolkata.

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Rediff.com28 Apr 2026

Indian benchmark indices Sensex and Nifty experienced declines due to a sharp rally in crude oil prices, continuous foreign fund outflows, and geopolitical uncertainties. Regulatory developments in the banking sector, particularly the implementation of the Expected Credit Loss (ECL) framework, also contributed to the selling pressure.

Modi embarks on five-nation tour; energy security, trade in focus

Modi embarks on five-nation tour; energy security, trade in focus

Rediff.com2 days ago

Prime Minister Narendra Modi has begun a six-day tour of the UAE, the Netherlands, Sweden, Norway and Italy to strengthen bilateral relations amid geopolitical challenges. The trip will focus on energy security, trade, and technological cooperation.

Pakistan, Saudi Arabia, Turkiye, And Egypt Aim To Boost Cooperation

Pakistan, Saudi Arabia, Turkiye, And Egypt Aim To Boost Cooperation

Rediff.com18 Apr 2026

Foreign Ministers from Pakistan, Saudi Arabia, Turkiye, and Egypt convened in Antalya to explore avenues for enhanced cooperation across various sectors of mutual interest, reaffirming their commitment to regional peace and stability.

38 ships turned back as US tightens Iran blockade; Tehran rushes to Moscow

38 ships turned back as US tightens Iran blockade; Tehran rushes to Moscow

Rediff.com27 Apr 2026

The United States Central Command (CENTCOM) has announced that American forces are maintaining a strict maritime restrictive operation in the region, continuing to enforce a blockade against Iranian ports.

ED slaps Rs 184-cr FEMA penalty on NewsClick, Purkayastha

ED slaps Rs 184-cr FEMA penalty on NewsClick, Purkayastha

Rediff.com16 Feb 2026

The Enforcement Directorate (ED) has imposed a Rs 184-crore penalty on NewsClick and its founder, Prabir Purkayastha, for alleged FEMA violations related to foreign funding and misrepresentation of business activities.