forex News

Forex reserves decline by USD 388 million to USD 428.57 billion

In the week to September 20, foreign currency assets, a major component of overall reserves declined by USD 125 million to USD 396.670 billion, the RBI said.

Yen falls, Yuan gains as US-China trade truce lifts risk appetite

After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm products.


Forex reserves up $3.6 billion to $405.6 billion as on March 15

Foreign currency assets (FCA), which form a key component of reserves, rose by $3.54 billion to $377.773 billion. FCAs are maintained in major currencies like US dollar, euro, pound sterling and Japanese yen.

Rupee breaches again 70-mark, falls 27 paise against US dollar

With the US economy continuing to grow and the job market strengthening further, many Fed members said they likely will need to raise the benchmark interest rate again 'soon'.

Forex- Euro succumbs to selling after US threat of more China tariffs

After initially showing little movement, the euro succumbed to selling pressure and was 0.4 percent lower at $1.1701 against the US dollar. The dollar index rose 0.3 percent to 94.415.

FOREX-Dollar inches higher, supported by US bond yields

Against the yen, the dollar rose 0.1 percent to 109.74 yen . The greenback faces resistance on technical charts at levels around 110.00 yen, having set a three-month high of 110.05 yen in early May.


Rupee loses 10 paise against dollar in opening trade

The rupee opened weak at 64.38 at the interbank forex market against its previous close of 64.28.

Forex-Dollar extends gains, upbeat US data neutralises turn of the year weakness

Buoyed by overnight gains on Wall Street, Tokyo's Nikkei began the first day of trading in 2018 by rallying more than 2 percent. Crude oil prices were at 2-1/2-year highs, helping fuel inflation expectations.

FOREX-Dollar dips, weighed down by sagging long-term US yields

The Australian dollar rose 0.1 percent to $0.7586 against the bogged down dollar, putting a bit of distance between a five-month trough of $0.7532 plumbed overnight on dovish-sounding Reserve Bank of Australia policy meeting minutes.

FOREX-Dollar edges higher as investors await US Federal Reserve policy meet

The euro was steady at $1.1643, still nursing its losses after tumbling to a three-month low of $1.1574 on Friday, a day after the ECB said it will extend its bond purchases into September 2018.