![]() ![]() The decline in reserves is due to the central bank using them to defend the rupee amid global pressures. India's reserve position in the IMF also declined by $51 million to $50.72 billion. Find the foreign currency exchange rates used for cross border transactions for all major world currencies with Mastercards online currency converter tool. India's forex reserves dipped by $7.28 billion to $594.90 billion as of August 18, 2023, according to data from the Reserve Bank of India (RBI). India's forex reserves see biggest weekly fall in over 6 months Aug 25, 2023, 05:06PM IST.The decline was the largest since the week ended February 10, RBI data showed. The RBI's foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion. Forex kitty posts sharpest weekly fall in 6 months Aug 26, 2023, 05:50AM IST.Rupee rises 12 paise to 82.52 against US dollar Aug 28, 2023, 10:16AM ISTĪt the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close.currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall soft economic data tempered the outlook for further Fed rate hikes. Dollar set for weekly loss as crucial US jobs data looms Sep 1, 2023, 08:21AM IST.The Korean won was the worst performer in Asia, down by almost 1%. The offshore Chinese yuan dropped to near 7.30 to the dollar following weak China services data. Rupee drops to 83/dollar, lowest in about two weeks Sep 5, 2023, 02:21PM IST.“Specifically, EM Asia is more vulnerable to this dollar strength, given a much lower interest-rate differential and a greater exposure to a weaker China growth outlook.” “The prospect of higher-for-longer US rates is reigniting pressure, and investors will be cautious,” said Vijay Kannan, a macro strategist at Societe Generale SA in Singapore. Soaring US dollar raises alarm as China, Japan escalate FX pushback Sep 6, 2023, 12:54PM IST."This unique Made in India initiative will go live with UAE as the pilot destination, followed by a phase wise global rollout," Thomas Cook (India) Managing Director and Chief Executive Officer Mahesh Iyer said in a statement. Thomas Cook India, NPCI to launch RuPay prepaid forex card for Indians travelling to UAE Sep 7, 2023, 09:04PM IST.Brent crude futures, the global oil benchmark, fell 0.61 per cent to USD 89.37 per barrel. ![]() The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.15 per cent to 104.89. Rupee rises 10 paise to 83.13 against US dollar Sep 8, 2023, 10:31AM IST.Small businesses and individuals can also use currency derivatives to hedge their currency exposure. Additionally, exporters still believe that the rupee will depreciate further due to aggressive rate hikes by the US Federal Reserve. Forward premiums have decreased, making it less attractive for exporters to book forwards. "The rupee is at a multi-month low, but Indian corporates are becoming complacent about hedging their currency. Any exporter who is not hedging should keep a stop loss policy or hedge via option: Amit Pabari, CR Forex Sep 8, 2023, 03:54PM IST.Foreign currency assets (FCAs) are up by $31.387 billion to $530.691 billion. India's foreign exchange reserves have increased by $4.039 billion to $598.897 billion for the week ending September 1, the latest data by the Reserve Bank of India (RBI) showed on Friday. Foreign exchange reserves up by $4.04 bln to $598.90 bln for the week ending Sept 1 Sep 8, 2023, 05:12PM IST. ![]() CurrencyĬopyright © 2023 All Rights Reserved by ExTravelMoney Technosol (P) Ltd. ![]() Please note that buy and sell rates would vary from the inter-bank rates shown here. All major currencies included with rates updated every 3 mins. Table shows live foreign currency exchange rates (inter-bank) in India today. Live Foreign Currency Exchange Rates in India ![]()
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