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  GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session

  Sep 16, 2024, 07:12AM IST

  Domestic markets reached record highs last week amid a global rally. The upcoming US Fed meeting on September 18 is in focus. Analysts are optimistic about Nifty's potential to reach 26,000, supported by private banking majors. Key stocks in the F&O ban include Balrampur Chini Mills and Hindustan Copper.

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  Surat-based SEZ entity on ED radar for 'illegal' forex remittances of over ₹4,000 cr

  Sep 16, 2024, 12:35AM IST

  A Surat-based jewel firm, Sharnam Jewels Limited, is under investigation by the Enforcement Directorate for allegedly making illegal outward remittances of over ₹4,000 crore. The firm is accused of transferring forex to foreign shores under the guise of imports from a special economic zone and using shell entities in Hong Kong.

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  India’s forex kitty jumps $5.2 billion to a fresh high of $689 billion

  Sep 14, 2024, 09:07AM IST

  India's foreign exchange reserves reached a new high of $689.235 billion at the end of September 6, according to the Reserve Bank of India. This marks the fourth consecutive weekly increase, with reserves rising by $5.248 billion in the last week alone. The rise is attributed to healthy dollar inflows and appreciation in other global currencies.

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  India's foreign exchange reserves reach record high of $689.2 billion

  Sep 13, 2024, 05:37PM IST

  India's foreign exchange reserves reached a new high of $689.235 billion as of September 6, according to the Reserve Bank of India. The reserves increased by $5.248 billion in the week ending September 6, marking the fourth consecutive weekly rise. Foreign currency assets rose by $5.107 billion to $604.144 billion, while gold reserves increased by $129 million to $62 billion.

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  India's forex reserves touch an all-time high of $689.24 bn as of Sept 6

  Sep 13, 2024, 05:06PM IST

  India's forex reserves reached a new all-time high of $689.24 billion for the week ending August 30, as reported by the Reserve Bank of India. Foreign currency assets increased by $5.10 billion to $604.1 billion, while gold reserves rose by $129 million to $61.98 billion. The RBI intervenes in the market to maintain orderly conditions.

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  Dollar hits nine-month low versus yen as Fed debate reignites

  Sep 13, 2024, 02:35PM IST

  U.S. economic data this week appeared to support the case for a typical 25 basis point (bp) cut next week, with the measure of consumer price inflation that strips out volatile food and energy prices rising more than expected in August.

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  Rupee, forward premiums lifted by improved odds of deeper Fed rate cut

  Sep 13, 2024, 10:34AM IST

  The Indian rupee rose by 0.05% to 83.9250 on Friday, supported by hopes of a significant rate cut by the Federal Reserve next week. This development also boosted most Asian currencies and dollar-rupee forward premiums. Traders expect the rupee to remain rangebound due to continued demand for dollars from importers.

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  Rupee sees range-bound trade in morning session

  Sep 12, 2024, 10:15AM IST

  The Indian rupee appreciated by 2 paise to 83.97 against the US dollar on Thursday, supported by positive domestic equities and foreign fund inflows. The Reserve Bank of India's active intervention has kept the rupee within a well-defined range. Forex traders expect the rupee to trade between 83.80 and 84.05 in the near term.

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  Explainer: Why is rupee falling against the greenback despite weakness in dollar index?

  Sep 12, 2024, 09:02AM IST

  According to Anil Kumar Bhansali and Anuj Gupta, the rupee has dropped by nearly 70 paise (0.84%) over the last three months and 0.70% quarter-to-date. Meanwhile, the Dollar Index (DXY) has weakened against major currencies due to upcoming US elections and expectations of a Federal Reserve rate cut.

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  Govt bans dozens of illegal betting apps masquerading as ecommerce and forex trading portals

  Sep 9, 2024, 05:11AM IST

  The government has banned over two dozen websites involved in laundering money from illegal offshore betting apps posing as ecommerce and forex trading portals. The Enforcement Directorate's investigation revealed a ₹10,000 crore crime network involving fake ecommerce sites, forex platforms, and illegal payment aggregators operating from Spain, Dubai, Russia, and Pakistan.