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Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 8,824.17 Indian Rupees (INR) per gram, up compared with the INR 8,784.65 it cost on Friday. The price for Gold increased to INR 102,923.40 per tola from INR 102,462.40 per tola on friday. Unit measure Gold Price in INR 1 Gram 8,824.17 10 Grams 88,241.72 Tola 102,923.40 Troy Ounce 274,462.60   Daily Digest Market Movers: Gold price attracts some safe-haven flows amid rising geopolitical tensions In an interview broadcast on Sunday,...

Mumbai: India's foreign exchange reserves rose for the eighth straight week to touch $688.13 billion as of April 25, according to the latest RBI data released on Friday. The foreign exchange kitty surged by $1.98 billion during the week. The foreign currency component of the reserves increased by $2.17 billion to $580.66 billion. The gold reserves component of the forex reserves decreased by $207 million to $84.37 billion while Special Drawing Rights (SDR) went up by $21 million to $18.59 billion. The declining trend in forex reserves of earlier months...

India's forex reserves climbed USD 1.983 billion to USD 688.129 billion in the week ended April 25, marking the eighth consecutive weekly rise. The increase was driven by a jump in foreign currency assets.Mumbai, May 2 (PTI) India's forex reserves increased USD 1.983 billion to USD 688.129 billion during the week ended April 25, the RBI said on Friday.This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to USD 686.145 in the previous reporting week. The forex reserves had touched an all-time...

Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding President Donald Trump’s trade policies, a Reuters poll revealed Thursday.The fortnightly survey, encompassing the views of 10 analysts and fund managers, showed a clear trend towards increased optimism for regional currencies. Respondents significantly increased their long positions – bets that the currency will appreciate against the US dollar – on the Singapore dollar, the Indian rupee, the Thai baht, and...

Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 8,779.31 Indian Rupees (INR) per gram, down compared with the INR 8,953.37 it cost on Wednesday. The price for Gold decreased to INR 102,403.20 per tola from INR 104,430.40 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,779.31 10 Grams 87,796.08 Tola 102,403.20 Troy Ounce 273,068.10   Daily Digest Market Movers: Gold price is pressured by receding safe-haven demand and a modest USD uptick US President...

Indian Rupee strengthens in Tuesday’s Asian session.Optimism over US-India trade talks and steady foreign portfolio investment inflows into equities support the INR. Investors await the US April Consumer Confidence and March JOLTS Job Openings report, which are due later on Tuesday. The Indian Rupee (INR) extends its upside on Tuesday after logging its best day in more than two weeks in the previous session. The positive developments surrounding US-India trade talks provide some support to the local currency. US Treasury Secretary Scott Bessent said on Monday that many top trading partners of...

Indian Rupee gains ground in Monday’s early European session. Rising foreign inflows and lower crude oil prices support the INR. Concerns over geopolitical tensions between India and Pakistan might cap the Indian Rupee’s upside. The Indian Rupee (INR) gathers strength on Monday. Foreign Portfolio Investors (FPIs) continue to buy Indian equities for the seventh consecutive day. This, in turn, could boost the local currency against the Greenback in the near term. Furthermore, the decline in Crude oil prices contribute to the INR’s upside, as India is the third largest consumer of crude oil...

Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) flat lines on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower. The ceasefire violation along the Line of Control (LoC) came days after the Pahalgam terror attack, which killed 26 people, mostly tourists, in the Baisaran valley near Pahalgam, Jammu and Kashmir. On the other...

Mumbai: India's forex reserves jumped $ 8.31 billion to $ 686.145 billion for the week ended April 18 led by dollar buying by the Reserve Bank of India (RBI), valuation gains due to an increase in gold prices and revaluation of other currencies other than the dollar.According to the data released in the RBI Weekly Bulletin on Friday, forex reserves are now at a six-month high and about $19 billion away from the record high of $705 billion at the end of September 2024.“Gold valuation rose by $4.58 billion, while...

The Indian Rupee furthers its upward move in Friday’s Asian session.Positive developments in the trade talks and continued foreign inflows support the INR. Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade...