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Currency

Stay updated with the latest currency news, analysis, and trends

India Navigates Strategic Challenges Within the BRICS Alliance

India’s Strategic Balancing Act Within the BRICS Alliance

Discover how India navigates strategic challenges within BRICS, balancing economic cooperation, geopolitical autonomy, and China’s growing influence.

By ThePip Desk•
Small-caps Lead Market Gains as Rupee Recovers Against Dollar

Small-Caps Rally as Rupee Recovers; Crude Oil Stays High

Discover how small-cap stocks outperformed the market amidst an Indian rupee recovery and elevated Brent crude oil prices above $96 per barrel.

By Market Desk•
Illustration of the RBI logo balancing a scale: one side shows a surge of dollar symbols, the other a $10.6 billion cost figure.

RBI Faces $10.6 Billion Cost as Diaspora Remittances Hit Records

Record-breaking remittances from the Indian diaspora are forcing the RBI to intervene in currency markets, creating a significant $10.6 billion interest burden.

By ThePip Desk•
Graphic depicting dollar signs flowing into an upward-trending financial chart, with the Reserve Bank of India logo visible.

FCNR(B) Deposits Surpass $100B, Exceeding RBI Target

India’s FCNR(B) deposits hit over $100 billion by August 31, significantly surpassing the RBI’s $80 billion estimate, showcasing strong foreign currency inflows.

By ThePip Desk•
Digital illustration showing US dollar symbols flowing towards a stylized map of India, with ICICI Bank and RBI logos visible.

ICICI Bank Mobilizes $17.88B in RBI Forex Scheme

ICICI Bank successfully mobilizes $17.88 billion via RBI’s foreign currency non-resident deposits scheme, boosting dollar inflows and supporting India’s forex measures.

By Business Desk•
A graphic showing the Indian Rupee (₹) symbol prominently rising above the US Dollar ($) symbol, with an upward-pointing arrow indicating appreciation.

Rupee Surges to Near 2-Month High: 94.95 vs USD on Strong Flows

The Indian Rupee hit a near two-month high of 94.95 against the dollar, boosted by strong Q1 GDP growth, significant investment flows, and RBI intervention.

By Market Desk•
A prominent downward arrow over US dollar and Indian Rupee symbols, with a blurred bank building in the background, signifying FCNR rate cuts.

Indian Banks Cut FCNR Deposit Rates After RBI Swap Window Ends

Indian banks significantly reduce FCNR deposit rates by up to 310 basis points following the RBI’s special swap window closure on September 1, 2026. Major banks like HDFC, ICICI, and SBI implement steep cuts.

By ThePip Desk•
A prominent Indian Rupee symbol (₹) shown ascending, positioned above a smaller US Dollar symbol ($), against a subtle financial graph background.

Rupee Rises 26 Paise to 94.96 on Strong Indian Growth

Indian Rupee gains 26 paise to 94.96 against the US Dollar, driven by robust domestic growth and significant portfolio inflows. Learn more.

By Market Desk•
Digital graphic showing the Indian Rupee symbol (₹) ascending above the US Dollar symbol ($), set against a backdrop of a financial market chart.

Rupee Surges to 4-Week High: Equity Inflows Boost INR to 95.16

The Indian Rupee strengthened by 21 paise to 95.16 against the US dollar, reaching a 4-week high driven by significant equity index inflows and RBI intervention.

By Market Desk•
Stylized graphic showing an upward trend line with dollar and rupee symbols, representing the RBI's record foreign exchange forward book.

RBI FX Forward Book Hits Record $136.7B Amidst Overseas Deposit Surge

The Reserve Bank of India’s FX forward position surged to a record $136.7 billion in July, driven by strategic measures to attract overseas deposits and stabilize the rupee.

By Market Desk•
A graphic featuring the Indian Rupee symbol (₹) in front of an upward-sloping line graph, indicating economic growth and financial stability.

RBI FCNR(B) Inflows Boost Rupee Amidst Strong 7.8% GDP Growth

RBI’s FCNR(B) deposits attract $52.3B, strengthening India’s balance of payments and supporting the rupee amidst robust 7.8% GDP growth. Learn more.

By ThePip Desk•
Graphic showing the Indian Rupee symbol being supported by a hand, counteracting downward forces from an oil barrel and a rising dollar graph.

RBI Intervenes to Support Rupee Amid Oil Prices & Fed Hike Fears

The Reserve Bank of India actively intervened to stabilize the Indian Rupee against rising oil prices and anticipated US Federal Reserve rate hikes.

By Market Desk•
A graphic depicting the Indian Rupee symbol (₹) slightly below the US Dollar symbol ($), against a background of abstract financial market charts.

Rupee Dips vs USD: Oil Spike, Fed Hike Fears Impact Indian Currency

Indian Rupee weakens to 95.44 against USD due to rising Brent crude prices and anticipation of a Federal Reserve rate hike. Learn more.

By ThePip Desk•
Indian Rupee symbol (₹) below US Dollar symbol ($), with a crude oil barrel and an upward-trending graph for interest rates.

Indian Rupee Drops 13 Paise Amidst Oil Price Surge & Fed Hike Fears

The Indian Rupee depreciated by 13 paise to 95.56 against the USD, driven by rising crude oil prices and anticipation of a US Federal Reserve rate hike.

By Market Desk•
Graphic depicts a rising US Treasury yield line next to a less attractive Indian investment market, with arrows showing capital moving from India to the US.

US Bond Yields Surge: India’s Foreign Investment Appeal at Risk

Rising US Treasury yields are shrinking India’s return premium, increasing capital outflow risks and challenging foreign investment attraction. Learn more.

By ThePip Desk•
A strong US dollar symbol pushing down on a falling Indian Rupee and declining stock market graphs, illustrating the Fed rate hike's impact.

US Fed Rate Hike: Impact on India’s Equities & Rupee

US Fed hints at a 25 basis point rate hike in September. Discover the potential impact on India’s stock market and the Rupee.

By Market Desk•
A composite image showing downward red stock charts and a hand pulling money, contrasted with upward green charts and a rocket symbolizing IPOs, set against an Indian financial backdrop.

Indian Markets Extend Losses: FII Selling, Global Cues Impact Sensex & Nifty

Indian benchmarks Sensex & Nifty face longest losing streak in 5 months due to FII selling, rising global yields, and geopolitical tensions. DIIs offer support.

By Market Desk•
A digital display showing a volatile stock market chart, overlaid with symbols for GDP, an oil barrel, and US/India maps, representing key economic drivers.

Indian Stock Markets: GDP, Crude Prices to Drive Weekly Trends

India’s Q1 FY27 GDP data, global crude oil prices, and US non-farm payrolls are key drivers for Indian stock markets this week. Monitor PMI, GST, and forex reserves.

By Market Desk•
Stylized image showing international currency symbols flowing into a map outline of India, with an upward arrow indicating investment growth.

FPIs Invest ₹30,919 Cr in Indian Equities in August

Foreign Portfolio Investors injected ₹30,919 crore into Indian equities in August, marking a significant trend reversal and second consecutive month of buying.

By Market Desk•
Illustration of green energy symbols (solar panel, wind turbine) in India, with upward financial arrows and currency symbols (INR, USD) indicating rising costs.

India’s Green Projects: Currency Hedging Adds 6-8% to Costs

Currency hedging could hike India’s green project financing costs by 6-8%, deterring investors. CII-IIM report suggests FX risk facility and Green Finance Institution.

By ThePip Desk•
Stylized map showing BRICS countries interconnected by glowing digital lines, symbolizing cross-border payments and central bank digital currencies.

India Proposes CBDC & Digital Payments for BRICS Nations

India champions CBDC adoption and seamless cross-border digital payments for BRICS nations at the New Delhi summit, aiming for enhanced intra-bloc trade and efficiency.

By ThePip Desk•
Stacks of global currencies and gold bars rising, with an upward arrow and a subtle outline of India in the background.

India’s Forex Reserves Hit $729.33B: RBI’s Impact

India’s foreign exchange reserves jumped by $12.42B to $729.33B by Aug 21, 2026, boosted by RBI’s strategic measures and strong foreign currency and gold asset growth.

By Market Desk•
Digital display showing '$729.3 Billion' with Indian Rupee and US Dollar symbols, gold bars, and an upward trend graph.

India’s Forex Reserves Hit Record $729.3 Billion

India’s foreign exchange reserves reach an all-time high of $729.3 billion, boosted by RBI’s deposit scheme and rupee stabilization efforts.

By ThePip Desk•
A graphic showing the Indian Rupee symbol (₹) rising above the US Dollar symbol ($), with a subtle hand guiding the Rupee's stability.

Indian Rupee Gains 0.33% Weekly, Ends Two-Week Slide

The Indian rupee appreciated by 0.33% this week, closing at 95.38 against the US dollar and breaking a two-week losing streak, thanks to RBI intervention.

By Market Desk•
A stylized Indian Rupee symbol (₹) rising or stable, with a subtle Reserve Bank of India (RBI) logo or abstract financial graph in the background.

Indian Rupee Rebounds: RBI Interventions Halt Two-Week Slide

The Indian rupee ends its two-week losing streak, gaining 0.33% to close at 95.38 against the USD, thanks to strategic RBI interventions absorbing inflows.

By Market Desk•
A graphic showing an upward arrow and currency symbols (USD, Euro, Yen, Pound) with gold bars, representing India's record forex reserves.

India’s Forex Reserves Hit Record $729 Billion

India’s foreign exchange reserves surged to a new record of $729.328 billion by August 21, 2026, driven by a significant increase in foreign currency assets.

By ThePip Desk•
A stylized graphic with an upward-trending arrow, currency symbols (USD, Rupee), and gold bars, set against an India map outline.

India’s Forex Reserves Hit Record $729 Billion

India’s foreign exchange reserves reach an all-time high of $729.3 billion by August 21, driven by strong gains in foreign currency assets and gold.

By ThePip Desk•
A stylized Brics logo surrounded by digital currency symbols and interconnected national currency icons, representing global finance and trade.

BRICS Finance Ministers Meet: Digital Currency & Trade on Agenda

India chairs BRICS meeting in New Delhi, focusing on digital currencies, boosting intra-bloc trade with national currencies, and reducing transaction costs.

By ThePip Desk•
Stylized graphic: US dollar bills converting to Indian rupee notes, with RBI logo and a swift arrow bypassing a faded calendar.

RBI Eases FCNR(B) Dollar Swap Access for Banks

RBI relaxes weekly access for banks on FCNR(B) dollar-rupee swaps over $100M, boosting flexibility in managing large dollar inflows.

By ThePip Desk•
A digital graph illustrating a slight downward trend for the Indian Rupee against the US Dollar, with subtle economic data points.

Rupee Weakens to 95.45 Amid Fed Rate Hike Fears

Indian rupee edges lower to 95.45 against the US dollar, influenced by US inflation data and anticipation of a Federal Reserve rate hike.

By ThePip Desk•