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Mumbai, India: India's rupee fell to a record low of more than 95 to the dollar on Monday, before recovering, despite recent efforts by the central bank to stem its fall. The rupee was among Asia's worst forex performers in 2025, and its underperformance has continued well into this year, hitting new lows on a regular basis. Experts say the Middle East war has piled more pressure on the currency, as overseas investors offload Indian shares, and as concerns grow over India's rising energy impor ...Read More >
New Delhi [India], March 30 (ANI): Delhi's Patiala House Court on Monday granted five days custody of Shabbir Ahmed Lone to the Special Cell of Delhi Police in a case linked to the pasting of anti-India posters at sensitive locations, through a Lashkar terror module. Judicial Magistrate First Class (JMFC) Vijayshree Rathod granted the custody after Delhi Police sought it to bust the network and identify other handlers. Also Read | SSC CPO Tier I Result 2026 Declared at ssc.gov.in, Here's How T ...Read More >
New Delhi [India], March 29 (ANI): India could face pressure on remittances, the rupee and fiscal finances as the ongoing conflict in West Asia disrupts economic flows with the Gulf region, according to a report by SBI Funds Management. The report titled "2026 Middle East Conflict and Its Implications" highlighted that apart from higher crude prices, India's external sector and fiscal balances could come under strain through multiple channels. One key risk is a slowdown in remittances from the ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi: The Indian rupee breached the 95-per-dollar milestone for the first time on Monday, hitting an intraday low of 95.2 against the US dollar. Despite a brief rally following new Reserve Bank of India (RBI) restrictions, the currency erased all gains to settle at a record closing low of 94.83. RBI Intervention and Market Reaction The rupee initially opened strong after the RBI slashed the net open position limit for banks to $100 million. This mandate requires banks to ensure their onsho ...Read More >
New Delhi, March 30 (SocialNews.XYZ) The Indian rupee on Monday crossed the 95 per dollar mark for the first time, hitting 95.2 against the US dollar, down 0.3 per cent. It ended at a record closing low of 94.83 per dollar, compared to Friday's close of 94.81. The currency has depreciated by 4.4 per cent against the US dollar in the March quarter. The rupee, which had opened on a strong note after the Reserve Bank of India (RBI) reduced the net open position limit that banks can keep overnigh ...Read More >
New Delhi [India], March 30 (ANI): Delhi's Patiala House Court on Monday granted five days custody of Shabbir Ahmed Lone to the Special Cell of Delhi Police in a case linked to the pasting of anti-India posters at sensitive locations, through a Lashkar terror module. Judicial Magistrate First Class (JMFC) Vijayshree Rathod granted the custody after Delhi Police sought it to bust the network and identify other handlers. While seeking custody, Delhi Police told the court that Lone is allegedly i ...Read More >
Mumbai, Mar 30 (PTI) The rupee on Monday breached the 95/USD-mark in intra-day trade on Monday and settled at 94.78 (provisional) against the American currency after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. Forex traders said the USD/INR pair witnessed high volatility and swung 165 paise during intra-day trade as the West Asia crisis entered the 31st day keeping energy markets nervous. At the interbank foreign exchange, the rupee opened at 93 ...Read More >
New Delhi [India], March 30 (ANI): A team of the Delhi Police's Special Cell has arrested a wanted Lashkar-e-Taiba (LeT) terrorist, Shabir Ahmed Lone, from the Ghazipur area, officials said on Monday. Addressing a press conference here, Special Cell officer Pramod Singh Kushwaha said the accused was apprehended under the leadership of newly appointed DCP Praveen Tripathi. The operation was carried out by a team of Inspector Sunil and Inspector Dheeraj Mehlawat. Kushwaha stated that Lone was th ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
Mumbai, Mar 13 (PTI) India's forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion. For the week ended March 6, foreign currency assets, a major component of the reserves, decreased by USD 9.880 billion to USD 563.245 billion, according to data released by the central bank. Expressed in dollar te ...Read More >
Gold and silver prices fell as investors booked profits, despite geopolitical tensions and a softer US dollar. MCX gold dropped to Rs 1,62,452/10g and silver to Rs 2,73,150/kg, while crude oil eased below $90, easing inflation concerns New Delhi: Gold and silver prices eased on Wednesday as investors booked profits, though a softer US dollar and lingering geopolitical uncertainty capped the decline. MCX gold April futures lost 0.52 per cent to Rs 1,62,452 per 10 grams around 11.15 am on an intr ...Read More >
Mumbai, Mar 11 (PTI) The rupee declined 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger greenback as the war in West Asia raged on. FII outflows and weak sentiments in the domestic equity markets further pressured the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar and traded in the range of 91.85-92.06 before settling a ...Read More >
New Delhi, Mar 2 (PTI) Equity investors became poorer by Rs 6.59 lakh crore on Monday as markets faced a massive drubbing amid rising tensions in West Asia that weighed heavily on sentiments. The 30-share BSE Sensex tanked 2,743.46 points or 3.37 per cent to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points or 1.29 per cent. The market capitalisation of BSE-listed companies eroded by Rs 6,59,978.08 crore to Rs 4,56,90,693.19 crore (USD 5 trillion). "Indian equities w ...Read More >
MUMBAI: The rupee saw a steep loss of 42 paise to settle at 91.50 (provisional) against the US dollar on Monday after US and Israeli attacks on Iran intensified worldwide risk aversion, setting crude oil prices on fire and demand for the American currency soaring. Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down, forex traders said. At the interbank foreign exchange, the rupee opened at 91.23 and touched the intraday low of 91. ...Read More >
Mumbai, Feb 13 (PTI) The rupee depreciated 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by the strengthening of the American currency and a negative trend in domestic equities. Forex traders said a firm dollar limited the upside for emerging-market currencies including the rupee. At the interbank foreign exchange market, the rupee opened at 90.69 against the US dollar, registering a fall of 8 paise over its previous close. On Thursday, the rupee appreciated 17 pa ...Read More >
Mumbai: Indian stock markets recovered strongly on Monday after two days of losses. A sharp rise in banking stocks helped lift investor mood in the second half of the session. The 30-share Sensex rose 650.39 points, or 0.79 percent, to close at 83,277.15. The broader Nifty gained 211.65 points, or 0.83 percent, ending at 25,682.75. The rally came mainly in the final hours of trading. Banking Stocks Lead the Rally Buying in banking and financial stocks pushed the market higher. Among the top ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
Mumbai, Feb 16 (SocialNews.XYZ) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment. The 30-share Sensex ended 650.39 points, or 0.79 per cent, higher at 83,277.15. The broader Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75. Commenting on Nifty technical outlook, experts said that the broader structure remains positive as long as the 25,500-25,400 support zone is defended. "On ...Read More >
MUMBAI: After being nearly absent from the forex market for a while to let the rupee find its own feet, the Reserve Bank on Wednesday stepped in forcefully to support the rupee, a day after it breached the 91 mark. This propelled the bleeding-for-long currency to the biggest single-day gain in seven months in a move seen intended to punish those betting on a one-way slide in the currency. The rupee rose as much as 1.03% intra-day -- soon after opening mildly lower than the historic low record y ...Read More >
Silver prices hit record highs in India and globally, driven by rate-cut expectations, strong industrial demand, supply deficits and safe-haven flows, with the metal outperforming gold, topping crude oil prices and maintaining a bullish medium-term outlook amid broader macroeconomic shifts Silver prices surged to a historic high of Rs 2,06,111 per kilogram on the Multi Commodity Exchange (MCX) on Wednesday, extending their bullish momentum, which was seen this year, amid strong global cues, mac ...Read More >
New Delhi, Dec 17 (PTI) The Indian rupee, depreciating mainly due to 50 per cent tariff imposed on India by the US, is likely to bounce back strongly in the second half of the next fiscal, an SBI research report said on Wednesday. Since April 2, 2025, when the US announced sweeping tariff hikes across economies, the Indian rupee (INR) has depreciated by 5.7 per cent against USD (most amongst the major economies), notwithstanding sporadic phases of appreciation owing to optimism over the US-Indi ...Read More >
Mumbai, December 17, 2025: In a strategic move to enhance banking for Non-Resident Indians (NRIs), IDFC FIRST Bank has announced the launch of its 'IDFC FIRST Global Savings Account in USD and Euro' through the GIFT City branch in Gujarat. This innovative product aims to redefine how NRIs manage their finances by offering an account that facilitates operations in foreign currencies. Notable features include zero remittance fees, attractive interest rates, and seamless digital transfers worldwid ...Read More >
(Bloomberg) - India's rupee strengthened the most in seven months on Wednesday after the central bank aggressively sold dollars to support the currency. Stocks also gained. The rupee rose as much as 1%, the most since May 23, to 90.0963, after closing at a record low in the previous session. The Reserve Bank of India is intervening through dollar sales in the local market, according to people familiar with the transactions. The move follows the rupee's string of record lows in recent weeks, wh ...Read More >
New Delhi [India], December 17 (ANI): Indian stock markets opened on a flat but slightly positive note on Wednesday. At 09:21 a.m., the BSE Sensex stood at 84,743.28, a rise of 63.42 points or 0.07 per cent. At the same time, NSE Nifty50 stood at 25,898.05, showing a gain of 37.95 points or 0.15 per cent. While the market started in green, experts say that a sharp fall in the value of the rupee and continuous selling by investors make the mood cautious.Banking and Market expert Ajay Bagga noted ...Read More >
Mumbai, Dec 17 (PTI) The rupee witnessed high volatility in early trade on Wednesday, as support from easing crude oil prices was offset by uncertainty over the India-US trade deal and persistent foreign fund outflows. Forex traders said the key driver of rupee weakness in December was continued FPI selling across both equity and debt markets, with foreign investors repeatedly selling several billion dollars' worth of Indian assets on a daily basis in the last few months, the selling intensifyi ...Read More >
The rupee is expected to weaken further, reaching 92-94 against the dollar by June 2027. Experts believe this is not a cause for alarm given India's strong foreign exchange reserves. Investment commitments from foreign firms and manageable balance of payments support the currency's fundamentals. Challenges stem from speculative aspects and foreign investor sentiment. Mumbai, Axis Bank chief economist Neelkanth Mishra on Tuesday said the rupee is likely to depreciate further, and there is no nee ...Read More >
MUMBAI, Dec 17 (Reuters) - The Indian rupee may pause its recent slide at Wednesday's open, with the quick fall expected to draw improved two-way interest, while the dip in the dollar index to a two-month low could offer support. The 1-month non-deliverable forward indicated the rupee will open in the 90.96-91.02 range versus the U.S. dollar, having settled at 91.0275 on Tuesday. The rupee fell 0.3% on Tuesday to a lifetime low of 91.0750, weighed by heavy dollar demand linked to NDF maturitie ...Read More >
Kolkata: The rupee, already the weakest Asian currency this year in a back-loaded retreat against the US dollar, Tuesday breached the 91 mark for the first time on unabated outflows from local assets by overseas investors. The currency, which Tuesday touched a fresh all-time low of 91.08, has depreciated over 6% this year against the US dollar, the world's reserve currency in which both traded and investable assets are priced across geographies. 'Pace of Decline to Slow' Nearly half of that d ...Read More >
MUMBAI, Dec 16: The rupee hit a record low, breaching 91 against the US dollar, settling at 90.93 on Tuesday, amid widening trade deficits and delays in the India-US trade deal. The currency has fallen about 1% in the past five sessions and 5.1% so far this year. Finance Minister of State Pankaj Chaudhary noted the depreciation may boost export competitiveness but could raise import costs. Analysts expect the rupee could touch 92 without RBI intervention. The decline coincided with FII equity ...Read More >
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