![]() ![]() Shorting the dollar Is gaining favour after Fed’s great pivot Dec 24, 2023, 10:31AM IST.Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago. NRIs park more forex in India on yields, safe haven appeal Dec 25, 2023, 08:19AM ISTįresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin."The regulator wants lenders to further ensure that Know Your Customers (KYC) norms for all parties in such transactions are strictly followed." "There would be far more scrutiny by banks on account holders making forex transactions on non-authorised platforms, including apps," said one of the officials who didn't want to be named. RBI cracks down on illegal forex trading Dec 25, 2023, 08:47AM IST.Rupee rises 8 paise to 83.26 against US dollar in early trade Dec 28, 2023, 09:53AM ISTĪt the interbank foreign exchange, the domestic currency opened at 83.33 and gained further to 83.26 against greenback, registering a rise of 8 paise from its previous close.The RBI has been deploying the kitty to defend the rupee amid global pressures. ![]() Gold reserves decreased by $102 million to $47.47 billion. Foreign currency assets expanded by $4.69 billion to $549.75 billion. India's forex reserves increased by $4.47 billion to $620.44 billion for the week ending December 22, according to the Reserve Bank of India (RBI). India's forex reserves jump $4.47 bn to $620.44 bn for week ending on Dec 22 Dec 29, 2023, 06:41PM IST.This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. How China talked markets out of a run on the yuan Dec 31, 2023, 09:51AM IST. ![]()
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