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FOREIGN EXCHANGE NEWS
Generating winds for the maritime sails
June 09, 2026 2:28 pm
India’s development trajectory has increasingly recognised port-led growth and maritime infrastructure as catalysts for economic expansion.
UPSC Issue at a Glance | Decoding India’s 3F Challenge: Fuel, Fertiliser and Foreign Exchange
May 31, 2026 5:58 pm
Can a conflict thousands of kilometres away shake India’s economy? The West Asia crisis has brought India’s ‘3F Challenge’ Fuel, Fertiliser and Foreign Exchange into sharp focus. This edition of UPSC Issue at a Glance decodes the crisis and examines how it is testing India’s economic resilience.
Foreign exchange reserves adequate to provide cushion against external shocks: RBI's State of the Economy article
March 24, 2026 11:49 am
The RBI article highlighted that the country’s foreign exchange reserves remain adequate to provide cushion against external shocks. As of March 13, the country’s forex reserves stood at $709.75 billion.
India's foreign exchange reserves drop to eight-month low amid rupee pressure
January 03, 2025 10:36 pm
Concerns about India's slowing growth, widened trade deficit, broad-based dollar's strength and expectations surrounding the country's President-elect Donald Trump's policies have hurt the rupee.
After 22-years of trail, Mumbai court clears 76-year-old man of charges of FEMA violations
October 29, 2024 9:46 am
In the case from 2002, two men were receiving payments from two people in London, and were distributing it in Indian currency to evade foreign exchange laws.
Banks, fintechs partner to tap young Indian tourists with zero forex cards
February 14, 2024 3:38 pm
Fintech startup Fi, for instance, reduced the foreign currency transaction fee for its Amplifi credit card from 1 per cent to 0 per cent in December, matching the zero forex markup feature already available on its debit card.
Rupee ends 1 paisa lower at 83.38 against US dollar
December 13, 2023 7:39 am
Besides, selling pressure in the domestic equity markets dented market sentiments, forex traders said.
Forex reserves fall $14.15 bn in last one month on valuation impact, RBI intervention
October 15, 2023 12:40 am
From $598.897 billion as of September 1, the foreign exchange reserves have dipped to $584.742 billion, the lowest in more than five months, on October 6, the RBI data showed.
Reserve Bank of India's wider NDF access may require foreign exposure proof, say bankers
April 25, 2023 1:10 pm
The Reserve Bank of India, while announcing its last policy decision, said it will permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to local residents.
RBI grants AU Small Finance Bank to deal with foreign exchange
April 19, 2023 4:22 pm
AU Small Finance Bank said it has received permission from Reserve Bank of India to deal in foreign exchange.
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