FOREIGN CURRENCY
IndiGo Q2 Results: Airline back in red, posts loss of Rs 2,582 crore on currency depreciation
IndiGo Q2 Results: Aviation major IndiGo slipped into a loss of Rs 2,582 crore in the September quarter as against a profit of Rs 2,176 crore in the preceding June quarter. However, when compared with the year-ago period, the airline's loss widened from Rs 987 crore.
Rupee rebounds to settle 11 paise higher at 88.66 against US dollar
The Indian rupee made a modest comeback, strengthening by 11 paise to reach 88.66 against the dollar as falling global crude oil prices offered some relief. Nevertheless, the strength of the dollar alongside the withdrawal of foreign investments kept the rupee in check. The domestic stock markets also faced a setback during this period.
Getting unclaimed money back: 3 easy steps to reclaim forgotten money in old bank accounts
Forgotten money in inactive bank accounts is managed by the RBI's Depositor Education and Awareness Fund. Amounts unclaimed for 10 years are transferred, but depositors can still reclaim them with applicable interest. The UDGAM portal facilitates searching for these unclaimed deposits across multiple banks.
Rupee jumps 21 paise to 88.56 against US dollar in early trade
The Indian Rupee has recovered from its record low, gaining 21 paise to trade at 88.56 against the US dollar. This rebound is attributed to a decrease in global crude oil prices. However, the Rupee still faces pressure from a strong dollar and foreign fund outflows from the capital market.
GIFT Nifty down 40 points; here's the trading setup for today's session
Indian equities closed modestly higher as investors adopted a cautious stance amidst mixed global signals. Key earnings reports from major companies are due today, with market sentiment expected to be influenced by the ongoing earnings season and potential developments in the India-US trade deal. The India VIX rose, indicating increased trader caution and potential market volatility.
Rupee weakens 5 paise to settle at 88.75 against US dollar
The rupee extended its descent for the third straight day and settled five paise down at 88.75 (provisional) against the US dollar on Monday, near its all-time low level, weighed down by a strong American currency and foreign fund outflows.
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Rupee pinned near record low, likely RBI intervention cushions fall
The Indian rupee held steady near its record low on Monday, with the central bank's likely intervention preventing a sharper fall. Importer demand and a strong dollar continue to pressure the currency. Traders anticipate continued mild pressure, with the rupee expected to trade between 88.50 and 89.10 amid global dollar strength and anticipation of trade deal progress.
Rupee falls 7 paise to 88.77 against US dollar in early trade
On Monday, the Indian Rupee slipped by 7 paise to settle at 88.77 against the US Dollar, largely influenced by rising crude oil costs and persistent outflows of foreign capital. The domestic equity market's negative sentiment exacerbated the pressure on the currency. Meanwhile, the dollar index experienced a modest decline, while Brent crude prices continued to climb.
FII activity, Q2 earnings among 7 factors to affect D-St this week
Indian markets closed marginally lower, ending a four-week winning streak amid profit-booking and mixed global cues. Key factors influencing the upcoming week include Q2 earnings from major companies, macroeconomic data releases, and global developments. FIIs were net sellers, while DIIs were net buyers on Friday.
FPIs pump Rs 12,206 crore into Indian bonds in October amid relatively stable rupee, Fed rate cut
Overseas funds injected ₹12,206 cr into Indian sovereign bonds in October, driven by a stable rupee and US Federal Reserve rate cuts. Foreign investors increased purchases on days of reported central bank currency intervention and after the Fed's policy move, boosting local debt returns.
India's forex reserves fall by $6.92 billion to $695.36 billion for week ending Oct 24
India's foreign exchange reserves saw a decrease of $6.92 billion, reaching $695.36 billion by October 24. This follows a rise in the previous week, which was boosted by an increase in gold reserves. The Reserve Bank of India monitors the foreign exchange market and intervenes to ensure stable trading conditions.
Rupee gains 5 paise to 88.64 against US dollar in early trade
The Indian Rupee showed a slight recovery against the US Dollar on Friday. This movement was influenced by falling crude oil prices and a weaker American currency. However, foreign fund outflows and selling in equity markets limited a sharper gain for the domestic unit. The Rupee had previously seen a significant fall after the US Federal Reserve's interest rate decision.
Sensex, Nifty slip 0.7% as Fed’s cautious outlook damps investor sentiment
Indian stock markets experienced a decline on Thursday. The NSE Nifty and BSE Sensex closed lower. This downturn followed the US Federal Reserve's decision to cut interest rates by 25 basis points. However, the Fed indicated no further rate cuts are expected this year. This news impacted investor sentiment globally and in India. Foreign portfolio investors sold shares.
Trump's Korea trade deal revives concerns about currency flight
South Korea and Washington have agreed to lower tariffs on South Korean goods to 15% and established a $350 billion investment plan. While this pact is expected to boost the Kospi index, analysts anticipate a steady outflow of funds to the U.S. will put downward pressure on the won.
Rupee falls 21 paise to 88.43 against US dollar in early trade
The Indian Rupee took a hit this morning, dropping 21 paise to 88.43 versus the US Dollar, following Federal Reserve Chairman Jerome Powell's cautionary statement about a possible rate cut in December not being certain. This led to a strengthening of the dollar index, reflecting heightened tensions in the currency market.
Happiest Minds logs 9% YoY rise in Q2FY26 net profit; revenue increases 10%
Per CEO Joseph Anantharaju, the BFSI segment faced a slight blip because of the Arttha deals, but the mid-tier IT firm expects that to get reversed in the second half.
RBI’s forex strategy yields better results than IMF approach, says deputy governor Poonam Gupta
Reserve Bank of India deputy governor Poonam Gupta defended the central bank's currency management strategy. She stated that building foreign exchange reserves and intervening in the currency market yield better outcomes. Gupta also indicated that there is scope for easing monetary policy. This is due to growth being below aspirations and inflation remaining benign.
China’s digital heist: How loan apps and crypto scams drained ₹28,000 crore from India
A detailed Enforcement Directorate report reveals Chinese nationals are behind most loan app and crypto scams in India, with Rs 28,000 crore in crime proceeds identified. These sophisticated syndicates, operating from abroad with Indian associates, have exploited India's fintech boom for large-scale financial deception and money laundering.
Rupee rises 8 paise to close at 88.21 against US dollar
The Indian Rupee strengthened by eight paise against the US Dollar, closing at 88.21. This appreciation was driven by robust domestic markets and positive sentiment surrounding a potential trade deal between India and the US. Easing crude oil prices also boosted investor confidence. However, importer demand for dollars and caution ahead of the US FOMC meeting decision limited sharper gains.
RBI brings home 64 tonnes of gold between March 2025 and Sept 2025
India’s central bank has brought home 274 tonnes of gold since March 2023. The move to accelerated repatriation of gold started post the Russia- Ukraine war and the Taliban’s takeover of Afghanistan.
Rupee falls 8 paise to close at 88.27 against US dollar
The Indian Rupee weakened by 8 paise against the US Dollar, closing at 88.27 on Tuesday. Weak domestic stock markets and foreign fund outflows contributed to the decline. Softening crude oil prices and a weaker US Dollar provided some support. Investors are awaiting the US Federal Reserve's policy decision for further market direction.
Need to develop platform for funding maritime projects: Gadkari
Union Minister Nitin Gadkari stressed the need for a dedicated financial platform for maritime projects to boost economic development and job creation. He expressed confidence that logistics costs will fall to 9% by year-end due to infrastructure improvements.
Rupee falls to 88.24 amid limited RBI intervention
The Indian rupee experienced its largest single-day drop since September, closing at 88.24 against the dollar. Despite initial gains from potential tariff reductions, dollar buying pressure led to the depreciation. Mild intervention by the Reserve Bank of India was noted, with market participants closely monitoring US-India trade relations for the rupee's near-term direction.
U.S Dollar today: Why is USD down against Euro, Chinese Yuan, top currencies?
U.S. dollar index was last down 0.11 per cent at 98.84, with the euro up 0.15 per cent at $1.1643.
Forget U.S. Stock Market, these stocks, assets, bonds are rocking on Monday. Details here
Argentina's assets have been on a rollercoaster ride since Javier Milei's party suffered a wider-than-expected defeat in a provincial vote in Buenos Aires last month.
Rupee outshines peers on RBI support, importers pile in
The Indian rupee is performing strongly this October. The Reserve Bank of India's market actions are supporting the currency. This has helped the rupee recover from earlier lows. Foreign investors are also buying Indian stocks and bonds. This combination is boosting the rupee's performance against other regional currencies.
Latin America lead 2025 equity gains while India maintains top 10-year performance
Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments.
Forex reserves rise by USD 4.5 billion to hit USD 702.28 billion: RBI
India's foreign exchange reserves have officially surpassed the USD 700 billion milestone, marking a significant economic achievement. The latest figures reveal an impressive growth of over USD 4.4 billion for the week ending October 17, primarily driven by escalating gold reserve values.
Rupee rises 10 paise to settle at 87.78 against US dollar
The Indian Rupee saw a slight uptick of 10 paise against the US Dollar, finishing at 87.78 on Friday. This increase was fueled by encouraging news from trade negotiations between India and the US, combined with declining crude oil prices, which proved beneficial for the local currency.
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