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Foreign Exchange Reserve

29 Oct 2022

India's forex reserves reach 2-year record low amid weak rupee

The forex reserves have been falling for months now. Rising costs of imported items also necessitated the higher requirement of reserves for trade settlement. Indian rupee is hitting all-time low records against greenback for the past several months.

19 Oct 2022

Rupee crashes to 83 on Wednesday, hitting the lowest record against US dollar

Rupee crashed to 83 on Wednesday, hitting the lowest record against US dollar. It has seen the dip of 61 paise to close at 83.01 today. The rupee opened at 82.32 on Wednesday morning.

24 Dec 2016

Sri Lanka needs to maintain competitive exchange rate: Central Bank

Sri Lanka needs to maintain a competitive exchange rate that would promote exports and not allow an over-valuation of the rupee that may reduce export competitiveness, the country's Central Bank has said.

17 Nov 2016

Govt reduces limit of note exchange to Rs 2,000 from Rs 4,500

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Honda car prices

23 Mar 2016

Honda to increase car prices by up to Rs 6,000 from April

Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.

12 Mar 2016

Exchange rate not impacting exports: Rajan

Brushing aside the contention that exchange rate is impacting exports, RBI Governor Raghuram Rajan today said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regulations, which is in the domain of the government

15 Feb 2016

RBI chief Rajan says not in favour of devaluing exchange rate

Rajan reiterated the central bank would strive to curb excessive volatility.

07 Oct 2015

Rupee gains 12 paise at 65.29 against dollar

The dollar also weakened against other major global currencies as the International Monetary Fund trimmed its global economic growth forecast and the US trade deficit widened, dealers said.

15 Jan 2015

Switzerland ends euro minimum exchange rate, cuts interest rate

In a shock announcement Thursday, Switzerland`s central bank said it was ending a three-year bid to artificially hold down the value of the Swiss franc against the euro, in a move that immediately sent the safe haven currency soaring.

22 Dec 2014

Rupee recovers 7 paise at 63.23 vs US dollar

The rupee recovered by 5 paise to 63.25 against the US dollar in early trade on Monday on fresh selling of the American currency by banks and exporters.

14 Nov 2014

Competitive exchange rate will boost manufacturing sector

Modern infrastructure, easy regulatory framework and competitive exchange rate will play a key role in giving a boost to the country's manufacturing sector, a senior government official said.

03 Jul 2014

Rupee gains 38 paise, closes at 59.69 Vs dollar

Continued capital inflows also helped the rupee rise for the second day in a row.

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