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Forex

  • Q2 Takeaways: HDFC Bank's profit, asset quality in-line with estimates, subsidiaries log solid growth October 16, 2021 4:52 pm NEW DELHI: HDFC Bank's September quarter results were in-line with Street expectations, be it on profit and NII growth counts or in terms of asset quality. NIM for the quarter was steady at 4.1 per cent and the credit cost ratio fell to 1.3 per cent. …
  • India's Forex Reserve Increase By $2.04 Billon To Reach $639.52 Billion: RBI October 15, 2021 9:13 pm India's foreign exchange reserves increased by about $2.04 billion to approx $639.52 billion for the week ending October 8, as per the latest data revealed by the RBI. The rise in forex reserves is attributable to the increase in foreign currency …
  • Aluminium plants grappling with critically low level of coal stock: AAI October 15, 2021 2:53 pm Aluminium plants in the country are grappling with critically low level of coal stocks and if the fuel supply is not restored immediately it would lead to irrevocable collateral damage, industry body AAI warned on Friday. The statement comes at a time when …
  • India's Forex reserves rise by $2.04 billion to $639.51 billion October 15, 2021 2:34 pm The country's foreign exchange reserves rose by $2.039 billion to $639.516 billion in the week ended October 8, according to RBI data. In the previous week ended October 1, the reserves had dipped by $1.169 billion to $637.477 billion. The reserves had …
  • India’s forex reserves rise by over $2 bn October 15, 2021 1:55 pm India’s foreign exchange reserves rose by $2.039 billion during the week ended October 8. The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1. India’s forex reserves comprise …
  • Prioritise aluminium industry for immediate coal supply to avert collateral damage October 15, 2021 11:01 am Coal India should immediately resume continuous coal supply to the aluminium Industry to prevent closure, industry bodies demanded. Aluminium Association of India said aluminium Industry has not received any relief with respect to the ongoing coal supply …
  • Indian stock, forex markets closed on Friday for Dussera October 15, 2021 6:48 am India's currency, debt and equity markets will be closed on Friday, October 15, for Dussera holiday. Markets will resume trading on Monday, October 18. The NSE Nifty 50 index closed 0.97% higher at18,338.55 on Thursday, and the benchmark S&P BSE …
  • Can a common currency work in Asia? No October 14, 2021 10:24 pm Vishesh Chandiok partner GRANT THORNTON India. Unlike other geographies that have been successful with similar proposals, Asia represents an entirely new level of diversity. Post the Asian financial crisis of 1997, the need for a single currency resurfaced …
  • Rupee likely to get breather from foreign inflows, say experts October 14, 2021 8:58 pm A potential gush of foreign inflows on the back of a slew of large share sales is likely to bring reprieve to the Indian rupee. The currency, which has become emerging Asia’s worst performer over the past month, may gain about 2 per cent from Wednesday’s …
  • India's Sept trade deficit widens to record $22.6 bn October 14, 2021 2:01 pm India's merchandise trade deficit widened to a record $22.6 billion in September, the highest in at least about 14 years, as crude oil and gold imports surged, data released by the government showed on Thursday. However, the widening trade deficit is …
  • Nigeria Pumped 1.45mbpd In September Amid Oil Rally October 14, 2021 2:00 pm Nigeria’s oil production volume rose to 1.45 million barrels a day last month, up from the 1.29 million barrels it recorded in August, latest data from the Organisation of Petroleum Exporting Countries (OPEC) have shown. Indeed, Nigeria’s production …
  • India on course for open access in its markets: RBI deputy governor October 14, 2021 12:36 pm India is nearing a big shift in its long-term goal of achieving open access to and convertibility in its markets with greater global integration and freer non-resident access to debt, Reserve Bank of India deputy governor T. Rabi Sankar said. "India …
  • USD/INR: Higher Trading Realm Remains Speculative Playground October 14, 2021 9:44 am Oct 14, 2021 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) Advertisement The rupee has been extremely popular lately - don't miss these interesting opportunities! Trade Now The USD/INR has managed to sustain its higher price range the past couple …