Forex

WazirX experiences a severe security breach, leading to over $230 million in withdrawals

India’s forex reserves surge by $2.56 billion to $644.15 billion

AI Revolutionizing Crypto and Forex Trading: A Game-Changer for Investors

Artificial Intelligence emerges as a powerful tool, transforming the landscape of cryptocurrency and forex markets.

India’s forex reserves decline by $1.494 billion to reach $575.267 billion

India's foreign exchange reserves fell by USD 1.494 billion to USD 575.267 billion as of February 3, breaking a three-week upward trend, according to RBI statistics released on Friday.

Forex reserves surge by $2.76 billion at $632.95 billion: RBI data

The rise in overall reserves was on account of a rise in the foreign currency assets (FCA), a vital factor of the overall reserves, the Reserve Bank of India's (RBI) weekly data published on Friday indicated.

India logs $435 million outflow of ETFs & offshore funds in Q3: Report

This was much greater than the $95 million outflows recorded for the fiscal quarter ending September 20, 2021.

Reserve Bank of India warns against using unlicensed forex trading platforms

The RBI has issued a warning about the consequences of engaging in activities that are not permitted by FEMA or using electronic trading platforms that are not authorized by it.

India’s forex reserves decrease by $678 million to $634.28 billion: RBI

The Indian currency gains strength when the RBI's reserve is loaded with dollars.

RBI’s efforts bear fruit as exotic foreign exchange derivative returns to India

RBI welcomes lenders to offer derivative products this month. Banks like ICICI Bank & Axis Bank sold barrier forex options to customers including Reliance Industries & Supreme Petrochem.

Sri Lanka gets $500 million fuel credit line from India

The next bond payment amounting to $1 billion is due in July. The total debt owed by Sri Lanka this year is over $6 billion.

Forex Industry in South Africa – Leading Market

RBI increases gold purchase in this year, reserves cross 700 tonnes

Central banks across the world had cumulatively purchased 32 tonnes of gold while India’s share alone stood at around 9.4 tonnes.

Forex Reserves rise to record high of $620.57 billion

The increase in the increment of the reserves led to the gradual growth of foreign policy assets. Which proved to be a major element in general for all the reserves.