Foreign exchange market

Forex reserves breaks 7-week rising streak, stand at $701 bn as of Oct 4

TheSpuzz Desk4 months ago03 mins

Source: Business Standard The RBI had intervened in both the non-deliverable forwards and local spot forex market to help the rupee stay above the psychologically important 84 mark, traders said. 2 min read Last Updated : Oct 11 2024 | 5:26 PM IST India’s foreign exchange reserves fell for the first time in eight…

RBI plans to revamp currency management infra to cater to future cash needs

TheSpuzz Desk5 months ago06 mins

Source: Business Standard RBI, Reserve Bank of India(Photo: Shutterstock) 3 min read Last Updated : Sep 15 2024 | 2:40 PM IST The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of…