Page 8 - Forex

Globally, firms saw lower earnings due to 'avoidable' forex risk: Report

Globally, a majority of Chief Financial Officers (CFOs) say their company suffered reduced earnings in the last two years due to "avoidable and unhedged" forex risk, according to HSBC report. According to a global survey of 200 CFOs and nearly 300 treasurers, conducted by HSBC and FT Remark, 70 per cent of CFOs said their company experienced lower earnings due to avoidable and unhedged forex risk. Besides, more than half of all CFOs believe forex is a risk their company is least well-placed to deal with. These concerns mainly reflect the increasing volatility in currencies amid an uncertain macro-economic and geo-political outlook. "The survey shows the importance of corporates having robust risk management frameworks in place given the financial risks of not getting it right, especially in an increasingly uncertain world," said Frederic Boillereau, Head of Global Forex & Commodities at HSBC. The report further noted that digitalisation of treasury functions is seen as one trend .

Forex, G-sec buying to be made easier for retail clients

Banks would be allowed to charge customers a 'pre-agreed flat fee' towards administrative expenses

Forex reserves drop by $262.3 mn to $402.246 bn: RBI

In the previous week, the reserves had touched a life time high of $402.509 bn after rising by $1.782 bn

Forex reserves surge to record $392.86 billion

In the previous week, the reserves had increased by $2.27 billion to $391.33 billion

Rupee rebounds 11 paise to 64.32 a dollar, as exporters sell greenback

Upbeat equities and robust capital inflows too helped in the rupee recovery

Forex kitty at life-time high of $381.167 bn

In the previous week, the reserves had declined by $547 million to $378.763 billion

Forex kitty up by $1.15 bn to $367.93 bn due to increase in currency assets

Total reserves had shot up by $ 2.67 billion to $366.78 billion for the previous reporting week

Euro rises to one-month high against the dollar

Is up 0.2% at $1.06999, after some ECB policymakers raised possibility of \interest rate hike

Rupee fights back, hits 4-month high of 66.60

This is the highest closing of the rupee since November 10, 2016

Forex reserves up $1.58 bn to $363.146 bn

Gold reserves went up by $664.3 million to $19.248 billion, RBI said

Forex reserves fall by $2.38 billion to $360.606 billion

In the previous week, the reserves had declined by $887.2 million to $362.987 billion

US puts China, Japan on new watch list for forex practices

China, Japan, and Germany were flagged for their trade and current-account surpluses

Forex reserves at record high, sniff at $360 billion

Gold reserves, however, remained unchanged at $20.115 billion

India's foreign exchange reserves surge to record high of $360 billion

The surge was account of RBI's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets

Forex reserves down by $387.5 mn to $355.55 bn

The decline in forex reserves was on account of fall in foreign currency assets, a major component of overall reserves

Forex reserves up by $2.5 billion to $356 billion

FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the reporting week, RBI said in a release here

India's forex reserves touch $353.40 billion

According to RBI, total reserves on March 11 stood at $353.40 billion, up from $350.86 billion on March 4, 2016

Narendra Modi signals country won't join forex devaluation race to boost trade

European and Japanese central banks adopted negative interest rate policies to perk up low inflation, but it has raised volatility in the financial markets

India's forex reserves fall $1.46 billion, first weekly decline in five

On Friday, the rupee fell as low as 68.79 per dollar, not far from an all-time low of 68.85 hit in August 2013