The Reserve Bank of India (RBI) is pressuring banks to offer more competitive foreign exchange rates to individuals and small businesses. A new platform allows direct trading at inter-bank rates, aiming to reduce the higher mark-ups previously charged and increase transparency in forex transactions.
The Indian rupee fell 30 paise to close at 94.63 against the US dollar on Monday, influenced by a strong dollar and Middle East tensions. Forex traders noted volatile trading, with inflows offset by dollar strength and peace deal uncertainty.
The Swiss National Bank (SNB) stated it's prepared to intervene in foreign exchange markets to prevent excessive appreciation of the Swiss franc. The central bank maintained its policy rate at 0% while noting a slight increase in inflation to 0.6% due to energy prices linked to the Middle East conflict.
Short-sellers are targeting Japan's yen, risking a repeat of the 1997 Asian financial crisis. Japan's weak fundamentals, high debt, and declining competitiveness make its currency vulnerable, despite large forex reserves. A potential inflation-devaluation spiral could profit speculators.
India's Finance Minister Nirmala Sitharaman outlined economic challenges including volatile forex and oil prices, rising fertilizer costs, and a potential weak monsoon. The government is preparing for a less favorable monsoon by maintaining adequate buffer stocks to ensure supply stability.
Hudco plans to raise $1 billion in foreign debt using the Reserve Bank of India's concessional forex swap facility. This move aims to support the company's lending and business growth for the current financial year.
India faces economic vulnerability due to the US-Iran conflict, impacting its focus on Fuel, Fertiliser, and Forex. Rising global prices for oil and fertilisers strain finances, while a falling rupee pressures foreign exchange reserves. Experts debate structural risks and policy responses.
Anúncios patrocinados no X (Twitter) usam imagens falsas geradas por IA, simulando uma briga entre Vera Magalhães e Roberto Sallouti (CEO do BTG Pactual) no programa Roda Viva. O objetivo é direcionar usuários a um site de investimentos de alto risco em forex, prometendo retornos irreais.
Gold prices show a bearish structure with a downtrend in place, facing resistance at 152,000. Silver trades cautiously with a negative bias, with resistance at 240,000. Experts advise caution and risk management.
South Korea's finance minister pledged to implement swift measures to curb excessive fluctuations in the foreign exchange market, particularly the recent sharp depreciation of the Korean won against the US dollar. The commitment was made during a meeting with top financial officials.
The Reserve Bank of India may have sold approximately $12 billion in gold reserves in the two weeks leading up to May 22 to safeguard its foreign-currency assets amidst capital outflows and rising oil prices, according to Bloomberg Economics. This action highlights the RBI's priority on maintaining liquid forex reserves as Middle East tensions impact the rupee.
MCX Gold shows bearish bias, targeting 165,000 with key support at 151,000; MCX Silver consolidates, eyes 300,000 with support at 250,000.
The Indian rupee strengthened by 34 paise to close at 95.26 against the US dollar on Monday, driven by improving global sentiment over potential US-Iran peace talks and supportive remarks from RBI Governor Sanjay Malhotra.
India's Finance Minister Nirmala Sitharaman stated that reducing excise duties on petrol and diesel would result in a revenue loss of approximately Rs 1 lakh crore. She urged against 'fearmongering' amid rising fuel prices and global uncertainties, emphasizing the nation's economic resilience.
Finance Minister Nirmala Sitharaman emphasized a focused strategy on fuel, fertiliser, and foreign exchange (3Fs) to manage external economic stress, citing Prime Minister Modi's call to conserve forex and reduce discretionary imports like gold.
RBI Governor Sanjay Malhotra stated the central bank will intervene to stabilize the forex market and curb speculation, suggesting the rupee might be undervalued. He affirmed inflation remains the primary policy focus despite global pressures, citing India's strong economic fundamentals.
RBI Governor Sanjay Malhotra stated the central bank is prepared to intervene in the foreign exchange market to manage volatility and curb speculation, suggesting the rupee might be undervalued. He emphasized inflation remains the primary policy focus despite strong economic fundamentals.
India's foreign exchange reserves have fallen by $38 billion as the RBI intervenes to manage rupee volatility, driven by high crude oil prices and FII outflows. Analysts warn the slide may continue if global conditions don't stabilize.
A Brickwork Ratings report suggests PM Modi's 7 behavioral appeals could save India $37.8B in forex reserves by reducing demand for fuel, gold, and fertilizers amid high crude prices and a weak rupee.
MCX Gold and Silver exhibit bullish trends, with import duty hikes supporting prices. Gold aims for 170,000, while Silver targets 340,000, with key support levels at 155,000 for Gold and 262,000 for Silver.
India's forex reserves have dropped by nearly $38 billion since the Iran conflict began, the steepest decline among regional economies, yet remain robust enough to shield the rupee from further depreciation, according to economists.
India increased import duties on gold and silver to 15% from 6% to curb rising imports, conserve foreign exchange, and ease pressure on the rupee amid the West Asia crisis.
India’s gold imports hit a record $71.98 billion in 2025-26, rising over 24% from $58 billion a year earlier. This was largely due to skyrocketing global gold prices, which have bumped up the value of imported gold.
