Indian Currency Market

Rupee's exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said.

The Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down

Foreign portfolio investors (FPIs) started the new financial year buying Indian equities, according to National Securities Depository Ltd (NSDL) data.

Russia's Gazprombank has expanded its links with banks in India to expedite trade between the two countries in national currencies, a key executive told Reuters on Monday,

The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.

The Indian rupee declined against the dollar on Monday, as Asian currencies fell on the prospect of the U.S. Federal Reserve hiking interest rates further and for

The rupee appreciated 6 paise to close at 82.70 against the US dollar today, as a weak American currency against major rivals overseas boosted investor sentiments.

Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds.

"The worst part of dollar strength globally is behind us, which means that currencies should not be unduly stressed against the dollar," said Rajeev Mohan, president and head - treasury & global markets at Kotak Mahindra Bank.

"The Indian Rupee has been strong against every currency. Reserve Bank has used foreign exchange reserves that it has to intervene in the market to make sure that the Dollar-Rupee fluctuation does not go too much," Nirmala Sitharaman said.

Crypto industry experts, in conversation with Gadgets 360, have highlighted that CBDCs are different from crypto and hence, India did not have to delay its digital rupee trials amid the current market downturn. Once the CBDC is rolled out widely, it will not be affected by any crypto-related volatility and hence, experts have suggested Indians to u...

Stock Market India: The Sensex index hits a record high of62,528.38 on Monday.

The Indian rupee could end the year higher than earlier forecast, according to a few analysts who have reviewed their calls based on sliding dollar and improving outlook on Asian currencies following the USinflation data.

The Indian rupee was trading lower against the US currency on Monday, unable to hold on to its advance at the open, as importers and speculators scooped up dollars.

India's currency, debt and equity markets will be closed on Today, Nov 8, for a domestic holiday.

Rupee's exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said.

The Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down

Foreign portfolio investors (FPIs) started the new financial year buying Indian equities, according to National Securities Depository Ltd (NSDL) data.

Russia's Gazprombank has expanded its links with banks in India to expedite trade between the two countries in national currencies, a key executive told Reuters on Monday,

The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.

The Indian rupee declined against the dollar on Monday, as Asian currencies fell on the prospect of the U.S. Federal Reserve hiking interest rates further and for

The rupee appreciated 6 paise to close at 82.70 against the US dollar today, as a weak American currency against major rivals overseas boosted investor sentiments.

Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds.

"The worst part of dollar strength globally is behind us, which means that currencies should not be unduly stressed against the dollar," said Rajeev Mohan, president and head - treasury & global markets at Kotak Mahindra Bank.

"The Indian Rupee has been strong against every currency. Reserve Bank has used foreign exchange reserves that it has to intervene in the market to make sure that the Dollar-Rupee fluctuation does not go too much," Nirmala Sitharaman said.

Crypto industry experts, in conversation with Gadgets 360, have highlighted that CBDCs are different from crypto and hence, India did not have to delay its digital rupee trials amid the current market downturn. Once the CBDC is rolled out widely, it will not be affected by any crypto-related volatility and hence, experts have suggested Indians to u...

Stock Market India: The Sensex index hits a record high of62,528.38 on Monday.

The Indian rupee could end the year higher than earlier forecast, according to a few analysts who have reviewed their calls based on sliding dollar and improving outlook on Asian currencies following the USinflation data.

The Indian rupee was trading lower against the US currency on Monday, unable to hold on to its advance at the open, as importers and speculators scooped up dollars.

India's currency, debt and equity markets will be closed on Today, Nov 8, for a domestic holiday.