New Delhi, April 3 (IANS) The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research.Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to February 27,…
Latest Foreign Exchange Reserves News & Updates
New Delhi, April 2 (IANS) The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation.The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets.”The move was largely driven by improved risk sentiment following US President Donald Trump’s speech, which hinted at negotiations rather than escalation, triggering a relief rally….
New Delhi, March 31 (IANS) India’s foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday.The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable.The researc…
New Delhi, March 30 (IANS) The Middle East crisis poses a greater risk to Bangladesh, Pakistan and Sri Lanka, among the South Asian countries, due to their high dependence on imported energy and limited reserve supplies, according to an S&P Global Ratings report.Since these countries are particularly vulnerable to rising oil prices and potential supply disruptions, a prolonged price and supply shock in global energy markets could hit their sovereign credit ratings, the report states.S&P …
New Delhi, March 28 (IANS) In a bid to curb speculative trading to cap decline in the Indian rupee, the Reserve Bank of India (RBI) has ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee to $100 million.The domestic currency had slid to fresh lows amid widening trade gaps tied to the US-Israel and Iran conflict.The central bank mandated that commercial banks must implement the daily cap by April 10, adding that the regulator may set diffe…
Washington, March 22 (IANS) India’s economic momentum is facing a fresh strain as the ongoing US-Israeli war on Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a New York Times report.Only weeks ago, India appeared well placed among major economies, with strong growth, stable inflation, and robust reserves. But its growing economic integration with the Gulf — long seen as an advantage — is now emerging as a vulnerability…
New Delhi, March 18 (IANS) Pakistan’s claims of economic stabilisation and recovery are facing growing scepticism, with experts warning that deep-rooted structural weaknesses — particularly a deteriorating production base — continue to undermine the country’s economic outlook, a report has said.According to a report published by The Express Tribune, the government has highlighted its success in averting a default, while analysts say the broader economy remains fragile, with little evidence…
New Delhi, Feb 3 (IANS) Debt-ridden Pakistan’s recent request to the United Arab Emirates (UAE) for the rollover of $3 billion deposits reflects the heavy dependence of the country’s economy on borrowing from friendly countries and the IMF to stay afloat.This pattern of repeated rollovers and emergency funding from friendly states and the IMF has provided short-term breathing space but has also entrenched a fragile economic model that discourages domestic reform, distorts incentives, and per…
New Delhi, Jan 29 (IANS) Economic Survey 2025-26 provides a strong foundation for policy reforms to accelerate export growth, improve logistics efficiency, lower input costs, expand market access and deepen India’s role in global value chains, the Federation of Indian Export Organisations (FIEO) said on Thursday.The industry body welcomed the Survey, saying it highlighted the decisive role of the external sector — exports, imports and services — as a cornerstone of stability, growth and glob…
New Delhi, Jan 29 (IANS) India remains the world’s largest recipient of remittances, with inflows reaching $135.4 billion in FY25, supporting stability in the external account, the Economic Survey 2025-26 said on Thursday.The share of remittances from advanced economies increased, reflecting a growing contribution from skilled and professional workers, said the Survey tabled by Finance Minister Nirmala Sitharaman in Parliament.A unified effort to reduce manufacturing costs is required for enha…