Page 6 - Forex Market

Foreign exchange reserves surge by $4.2 bn to $485.31 bn, says RBI

The gold reserves rose by $13 million to $32.291 billion in the reporting week

Rupee can depreciate another 4% despite RBI's liquidity support measures

The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.

Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar

Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.

India's forex reserves soar to record $473 billion, gold down by $218 mn

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

24x7 Forex market ops: Some NDF volume to move onshore, say experts

The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator

India plans to migrate rupee trading back home. Why is that an uphill task?

London has become the biggest center for trading the Indian currency, according to the latest survey by the Bank for International Settlements in September.

Rupee opens 26 paise higher against US dollar amid firm global cues

The domestic unit on Wednesday gained 27 paise to settle at 72.12 in line with a recovery in domestic equities.

Bank mergers may bring down the curtains for old-world forex brokerages

The flurry of state-run bank mergers will see an era come to an end

Rupee hits 1-week low, down 7 paise at 64.15

Sustained capital outflows and a sudden spike in crude oil prices globally too largely weighed on the forex market

Rupee pulls back from near one-week high, down 10 paise

A sudden rebound in global crude prices after its two-day fall also added to the pressure on the trading front

Serenity Financial is Reinventing Forex

Serenity Financial platform acts as an intermediary which uses blockchain technology to regulate dealings for Forex market

Currency volatility to surge as US election looms

Volatility in the $5.1-trillion-a-day foreign-exchange market is down, but not out, according to UBS

Trading strategies to profit from a Brexit

Apart from forex markets, bond markets will see volatility because treasury yields in the pound sterling will be volatile