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Latest from forex market

India's forex reserves drop by $4.8 billion to $670.11 billion

India's forex reserves fell by $4.8 billion to $670.119 billion for the week ended on August 9

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 (Representational Image)
Published on Aug 16, 2024 07:23 PM IST
PTI |

Delhi HC quashes summon of Hero Motocorp chairman Pawan Munjal in forex DRI case

The DRI had filed a complaint in 2022 for "carrying, attempting to export and illicit export of prohibited items, that is, foreign currency" against Munjal

Hero MotoCorp's chairperson Pawan Kant Munjal
Published on Jul 24, 2024 12:09 PM IST
PTI |

Indian rupee declines to record low after government raises tax on capital gains

The Indian rupee declined to record low after the domestic stock market crashed due to the government raising tax on capital gains.

The rupee declined to 83.69 to the dollar. (Getty Images/iStockphoto)
Published on Jul 23, 2024 02:30 PM IST

India's foreign exchange reserves rise by $810 mn to $653.7 bn on June 21: RBI

India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.

A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India. (Reuters)
Published on Jun 28, 2024 08:08 PM IST

Rupee's stability & cost makes it attractive for carry trade, Bank of America

The Indian rupee is stable and inexpensive compared to its emerging market peers

Foreign exchange (Representational)
Published on Jun 10, 2024 05:00 PM IST
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