Tag: forex
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India’s forex reserves rise $3.8 billion to $700.9 billion, led by foreign currency assets and gold gains
India’s foreign exchange reserves recorded a healthy weekly increase of $3.8 billion to reach $700.9 billion for the week ended April 10, 2026, reflecting...
Zero-markup forex buyback model launched to cut travel currency losses
A zero-markup buy-and-sell foreign exchange model has been introduced for Indian travellers, aiming to reduce losses typically incurred during currency purchase and reconversion of...
Banks scramble to meet RBI’s forex deadline, expect curbs to last months
Banks rushed to cut forex exposures to meet RBI’s NOP cap, hitting profits and disrupting strategies. While the move has stabilized the rupee, lenders...
Travel, cross-border fintechs face twin blows from West Asia war
The West Asia war and a depreciating rupee have made travellers cautious about forex use and have disrupted business payment flows, cross-border settlements and...
India forex reserves fall from $728 billion peak to $688 billion in one month
India's forex reserves dropped by $10.288 billion to $688.058 billion during the week ended March 27, the Reserve Bank of India (RBI) said on...
