US dollar

February 14, 2025 10:11 PM

India’s forex reserves rise for third consecutive week, reach $638.26 billion

India's foreign exchange reserves continued their upward trend for the third consecutive week, reversing a months-long decline, according to data released by the Reserve Bank of India (RBI) on Friday. For the week ending February 7, the country’s forex reserves rose by $7.65 billion to $638.261 billion. This recovery follows a sharp slump that saw reserves fall in 15 of the previous 16 weeks, reaching an 11-month low. India’s reserves had been steadily declining since hitting an all-time h...

January 13, 2025 11:05 AM

Nifty, Sensex slide nearly 0.9% in early trade; experts predict easing pessimism after January 15

Indian stock markets opened in the red on Monday, with the Nifty 50 and BSE Sensex extending their downward trajectory amid a bearish global outlook. The Nifty 50 index dropped over 1% or 236.10 points to start at 23,195.40, while the BSE Sensex fell by 749.01 points or 0.97%, opening at 76,629.90. This sharp decline reflects persistent pressure on global equities, fueled by a strengthening US Dollar, rising global bond yields, and uncertainty surrounding potential policy changes under Trump 2....

September 16, 2024 4:03 PM

India’s economic stride strengthening rupee’s internationalisation in new global landscape

As the global economic landscape undergoes significant transformations, India's rupee is steadily gaining international prominence. This shift comes amid growing efforts to reduce the dominance of the US dollar in global finance, particularly among BRICS nations. The rise of the rupee on the international stage is evident in recent developments. Commerce Secretary Sunil Barthwal revealed on Wednesday that rupee-rouble trade has seen a substantial increase, with 53 accounts now open for such tra...