archiveIndia

MUMBAI: The Indian rupee declined by about 1% in May, reversing course after gaining in the previous two months, influenced by factors such as continued uncertainty over U.S. trade policies, gains in its Asian peers and a conflict between India and Pakistan. The rupee closed at 85.5775 on Friday, capping a day of choppy trading with a mild decline. The currency had rallied to a six-month high earlier in May but shed its gains through the month. Initially, a military conflict between India and Pakistan hurt the currency but it...

Indian Rupee posts modest gains in Friday’s early European session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency,...

Indian Rupee posts modest gains in Friday’s Asian session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency, as...

Asia-Pacific stock markets presented a varied landscape at Tuesday’s close, with investors continuing to navigate the evolving global trade climate, particularly after US President Donald Trump deferred a significant tariff hike on European Union imports. While some regional bourses found positive momentum, others, including Indian benchmarks like the Sensex, experienced a more turbulent session.The overarching theme for the day was a careful assessment of international trade dynamics. Japan’s benchmark Nikkei 225 ended the day 0.51% higher at 37,724.11, and the broader Topix index rose 0.64% to 2,769.49, suggesting some optimism in Tokyo....

The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in the previous session. A broader gain in the Asian currencies on account of a weak US Dollar (USD) could provide some support to the Indian currency. Additionally, a decline in crude oil prices might contribute to the INR’s...

Indian Rupee pares earlier gains as USD/INR rebounds slightly above 85.00.US Dollar steadies after a sharp early-week decline, DXY Index hovers above 99.00The final round of US-India trade deal talks is expected soon in New Delhi.The Indian Rupee (INR) trims some of the earlier gains against the US Dollar (USD) on Monday, with the USD/INR pair retreating slightly above 85.00 during the American trading hours. The slight weakness in the Indian Rupee comes on the back of easing global trade tensions, which lent some support to a broadly weak US...

Indian Rupee edges lower in Tuesday’s early European session.Dovish bets for the RBI weigh on the INR, but a multi-phase US-India trade deal might cap its losses. Investors brace for the Fedspeak later on Tuesday.The Indian Rupee (INR) weakens on Tuesday. Consumer inflation in India fell more than expected to a near six-year low in April, strengthening bets that the Reserve Bank of India (RBI) is due to extend its rate cutting cycle. This, in turn, undermines the Indian currency. Additionally, renewed concerns over the potential reintroduction of trade tariffs by...

A proposed 5% US tax on remittances sent abroad by non-citizens is causing significant concern in India, as experts warn it could adversely affect Indian households and the rupee's value. Economic think tank Global Trade Research Initiative (GTRI) shared these concerns on Sunday.The tax forms part of 'The One Big Beautiful Bill,' introduced in the US House of Representatives, targeting money transfers by non-citizens, including green card holders and temporary visa workers. However, the levy exempts US citizens.India, receiving USD 120 billion in remittances in 2023-24, with 28% of...

News Desk18 May 2025, 09:01 AM ISTThe surge in reserves was driven largely by a notable rise in gold holdings, which jumped by $4.518 billion to $86.337 billion Representational imageMumbai: India’s foreign exchange reserves rose by $4.553 billion to stand at $690.617 billion in the week ending 9 May, according to the latest data released by the Reserve Bank of India (RBI). The increase marks a recovery following a brief decline, extending a broader trend of gains seen in recent months. The surge in reserves was driven largely by a...

India's foreign exchange reserves rose $4.5 billion to $690.62 billion for the week ended May 9, on sharp rise in gold reserves, latest datareleased by the Reserve Bank of India (RBI) showed.Foreign currency assets, a major component of the reserves, increased by $196 million to $581.37 billion. Expressed in dollar terms, theforeign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in theforeign exchange reserves. Gold reserves, which also constitute part of the forex reserves, increased by $4.5 billion to...