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India's foreign exchange reserves have surged, showing a notable increase of USD 2.294 billion, bringing the total to USD 698.950 billion as of the week ending June 13, according to official figures from the Reserve Bank of India.During the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that this significant forex reserve is sufficient to cover 11 months of imports and approximately 96% of India's external debt. The reserves are approaching the all-time high mark of USD 704.89 billion recorded in September 2024.RBI data highlights that the foreign...

Rupee saw a modest gain in early trade on Tuesday, rising 11 paise to settle at 85.93 against the US dollar. This happened even as domestic markets opened weak, global crude prices surged, and the dollar strengthened—factors that usually drag the rupee down. At the interbank foreign exchange market, the local currency opened at 85.96 against the dollar and gained further to 85.93, marking an 11 paise rise from Monday’s close of 86.04. RBI Intervention seen as key support level Experts say the Reserve Bank of India (RBI) is likely...

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...

India’s foreign exchange reserves fell by $1.237 billion to $691.485 billion for the week ended May 30, the Reserve Bank of India (RBI) said on Friday, snapping a sharp gain in the previous week.The drop comes after reserves had jumped by $6.992 billion in the preceding week to $692.721 billion. India’s forex reserves had touched a record high of $704.885 billion in late September 2024. Despite the weekly decline, RBI Governor Sanjay Malhotra said earlier in the day that the reserves remain robust and sufficient to cover more than 11...

It’s been a tough few months for believers in the currency market version of Pax Americana.Dollar critics confidently proclaim that its reign is over. In Asia, this is a "sell America” moment. Any sane investor is scouring the planet for an alternative — one that offers all the advantages of the incumbent but none of the downside. Europeans also want in, extolling the virtues of the euro.Good luck with that. One of my reservations about this bearishness isn’t that the upheavals induced by U.S. President Donald Trump — tariffs, an...

KUALA LUMPUR, May 27 — The ringgit opened higher against the US dollar today, buoyed by continued weakness in the greenback amid growing concerns over the United States’ (US) fiscal trajectory and trade policy inconsistencies.At 8.05 am, the ringgit rose to 4.2050/2250 against the US dollar compared with Monday’s close of 4.2155/2220.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) had extended its downward trend, falling to 98.934 points, as investors grew wary of the direction of US trade policy under President...

TRAVELERS from the Asia-Pacific region are more conscious of foreign exchange rate fluctuations compared to their Western counterparts, according to a new study by data and services group Mastercard Economics Institute. Its report, "Travel Trends 2025: Purpose-Driven Journeys," analyzed 24 major tourism markets which account for nearly 80 percent of global gross domestic product.Data showed that inbound tourism — particularly among travelers from Asia — tends to slow down when a destination's currency depreciates. "Travelers from Asia tend to be more sensitive to exchange rate shifts, as such movements can...

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Subscribe To NotificationsScan QR code to install appImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The...