Tag: reserve bank
Aussie Favored in FX Trades, But With Dollar Out of Equation
(Bloomberg) -- Investors should buy the Australian dollar versus currencies like euro and Swiss franc, a strategy that benefits from a tighter Reserve [...]
RBI Move on Indian Rupee (INR USD) Speculation Highlights Regulatory Risk
Exchange-traded currency derivatives thrived in India for over a decade, fueled by retail investors and proprietary traders. Then the central bank bro [...]
India RBI Pushes Back FX Hedging Rule Implementation to May 3
India’s central bank pushed back the implementation of its rules on exchange-traded currency derivatives by about a month, after the measure triggered [...]
RBI Regulation: Exchange-Traded FX Derivatives Must Be Hedged
India’s central bank is said to have confirmed that exchange-traded currency derivative contracts linked to the rupee can only be offered for hedging [...]
RBI introduces new forex scheme to make transactions easier. Details here
The Reserve Bank of India (RBI) has recently set the [...]
Forex Kitty: Forex kitty tops $600 billion mark after nearly 4 months
MUMBAI: India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four month [...]
RBI makes addition of 19 unauthorised forex trading platforms in Alert List, check details
The Reserve Bank of India on 24 November updated the [...]
Asia Can Defend (THB, IDR, PHP) Against Strong US Dollar With Forex Piles
The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.Policy makers in the region have more [...]
Phala Phala Farm: S. Africa SARB Says Can’t Conclude Ramaphosa Broke Forex Rules
The South African Reserve Bank, after a yearlong investigation, couldn’t conclude if President Cyril Ramaphosa broke the law when he kept foreign curr [...]
India Seeks to Deepen Forex Markets With Onshore NDFs
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore m [...]
Why did foreign exchange reserves fall $70 bn in 2022?
After three consecutive years of rise, India’s foreign exchange reserves declined by around $ 70 billion in 2022 amid rising inflation and interest ra [...]
Small Finance Banks allowed to offer more forex products
Small finance banks will now be able to offer a wide range of forex products to their customers. In a move to provide flexibility to small finance ban [...]
FOREX reserves to address volatility, ‘You buy an umbrella to use when it rains’: RBI
MUMBAI : RBI Governor Shaktikanta Das said on Friday that due to the RBI actions, including steps to encourage inflows, the movements of the rupee h [...]
india forex reserves: Forex reserves down USD 311 mn to USD 603.694 bn
The country's foreign exchange reserves declined by USD 311 million to reach USD 603.694 billion in the week ended April 15, RBI data showed on Friday [...]