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Currency

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

A stylized image featuring the Indian Rupee symbol and banknotes, with lines extending to various countries on a translucent world map.

India Eases Rupee Export Payment Rules for Non-ACU Nations

India relaxes export payment rules, allowing rupee or foreign currency settlements with non-ACU countries, boosting trade flexibility.

By Business Desk•
A graphic showing the Indian Rupee symbol (₹) at the center, surrounded by abstract lines connecting to a stylized world map, representing global trade.

India Boosts Rupee Internationalisation with Trade Policy Reforms

India’s Foreign Trade Policy is amended to allow rupee-settled exports to receive benefits, a strategic move to enhance the global use of the Indian Rupee.

By ThePip Desk•
A graphic showing an upward-trending financial chart with currency symbols and a subtle map outline of India, representing forex reserve growth.

India’s Forex Reserves Hit Record $716.91 Billion

India’s foreign exchange reserves surged by $9.9 billion to $716.91 billion as of August 14, showing a strong recovery driven by increased foreign currency assets and gold.

By ThePip Desk•
A graphic showing the Indian Rupee symbol (₹) declining, a rising line graph for bond yields, and subtle icons for RBI and crude oil.

Rupee Falls, Bond Yields Climb on Hawkish RBI Signals

Indian rupee depreciates and bond yields rise as RBI signals hawkish stance, influenced by MPC decisions and rising crude oil prices.

By Market Desk•
An upward-trending graph with currency symbols (USD, Euro, Yen) and gold bars, next to a stylized map of India.

India’s Forex Reserves Hit $716.91 Billion: RBI Action Drives Surge

India’s foreign exchange reserves jumped by $9.9 billion to $716.91 billion by August 14, 2026, boosted by strong foreign currency assets and gold gains, according to RBI data.

By Market Desk•
A graphic showing the Indian Rupee symbol rising and the US Dollar symbol falling, set against a background of financial charts.

Indian Rupee Strengthens 3 Paise Against Weaker US Dollar

The Indian rupee closed Friday stronger, gaining 3 paise against the US dollar to settle at 95.71, supported by a weaker global greenback.

By ThePip Desk•
A polished silver bar ascends prominently, with a subtle, downward-trending graph line in the background symbolizing a weakening US dollar.

Silver Prices Jump Rs 15,000 Amid Dollar Weakness

Silver prices surge Rs 15,000 in three days due to a weakening US dollar and fluctuating Treasury yields, boosting precious metal appeal.

By Market Desk•
A close-up shot of a document with the headline 'FCNR(B) SCHEME CLOSURE NOTIFICATION', a hand partially covering data.

RBI Closes FCNR(B) Scheme Early: What You Need to Know

The Reserve Bank of India has unexpectedly closed the FCNR(B) deposit scheme, advancing the swap facility deadline. Discover the implications for NRIs and the Indian economy.

By ThePip Desk•
Indian Rupee banknotes fanned out on a wooden surface in the foreground, with shipping containers and cranes in the background.

DGFT Eases Rupee Export Rules for Global Trade

India’s DGFT revises export policy, allowing rupee invoicing & payments for non-ACU countries, aligning with RBI regulations to boost INR in global trade.

By ThePip Desk•
A stack of US dollar bills and a foreign currency deposit certificate are arranged on a modern bank counter.

RBI Advances FCNR(B) Deposit Deadline to Aug 31

RBI moves FCNR(B) deposit swap facility deadline to August 31, 2026. NRIs & OCIs, act fast to benefit from higher interest rates without INR risk.

By ThePip Desk•
PSBs Lag in Forex Derivatives Market, Hindering MSMEs: RBI DG Jain

PSBs’ Low Forex Derivative Use Hurts MSMEs: RBI DG Jain

RBI Deputy Governor Rohit Jain points out public sector banks’ low forex derivative market participation, limiting MSMEs’ currency risk hedging options. Learn more.

By ThePip Desk•
A man with a concerned expression looks at a computer screen displaying foreign exchange trading charts and data.

RBI Promotes Local Currency Trade, Warns on Forex Platforms

RBI Deputy Governor stresses local currency use for trade efficiency and warns against unauthorized online forex platforms. Learn more.

By ThePip Desk•
Close-up of hands holding Indian Rupee banknotes, with a blurred financial district and people in the background.

Rupee Weakens Slightly Amid Crude Oil Surge and Dollar Volatility

Indian Rupee depreciates by 1 paisa to 95.74 against the US Dollar, influenced by rising crude oil prices and US bond market movements.

By ThePip Desk•
Indian Equities Snap Losing Streak, Sensex Gains 0.82% on Global Cues

Indian Stocks Rise: Sensex Up 0.82% on Global Cues & FII Buying

Indian equity markets ended Thursday higher, breaking a losing streak. Positive global cues, easing bond yields, and FII buying fueled the rally.

By ThePip Desk•
A wide shot of a secure vault room filled with large stacks of US dollar bills, an official stands on the right.

RBI Eyes $80B Inflows: India’s Rupee Measures Boost Forex Reserves

India’s central bank anticipates over $80 billion in foreign currency inflows from recent rupee support measures, with $56.85 billion already secured by August 13.

By ThePip Desk•
Wall Street Rebounds: S&P 500, Nasdaq Climb on Treasury Bond Buybacks

Wall Street Rebounds: S&P 500, Nasdaq Climb on Treasury Buybacks

Wall Street rebounds as S&P 500 and Nasdaq climb following US Treasury’s plan to boost longer-dated bond buybacks, aiming to lower borrowing costs.

By Market Desk•
RBI Governor Defends FCNR(B) Swap Closure, Forecasts $80 Billion Inflow

RBI Governor Defends FCNR(B) Swap Closure, $80B Inflow Expected

RBI Governor Sanjay Malhotra defends FCNR(B) swap window closure as data-driven, projecting $80 billion in forex inflows from key schemes to strengthen India’s reserves.

By ThePip Desk•
A large stack of Indian Rupee notes and a smaller stack of US dollar notes on a wooden desk. A hand is visible in the background.

India’s $50B Surplus: Will RBI Actions Strengthen the Rupee?

India’s projected $50B balance-of-payments surplus in FY27 faces a crucial test: the RBI’s dollar management strategy. Will the rupee strengthen?

By ThePip Desk•
The Reserve Bank of India building stands tall with a clear sky, surrounded by blurred people and yellow taxis on a busy street.

Indian Rupee Strengthens Slightly Against US Dollar

The Indian Rupee edged higher against the US Dollar, trading at 95.73, supported by RBI intervention and FII inflows amid rising crude prices.

By ThePip Desk•
An Indian executive in a suit stands in an office, looking at a monitor displaying financial charts and currency data.

Indian Exporters: Rupee & Price Gains to Fade by H2FY27

Nuvama report: Indian exporters, especially IT, face diminishing revenue tailwinds from rupee depreciation and high prices by H2FY27. Currency risks loom.

By ThePip Desk•
An Indian man holds an HSBC credit card over a payment terminal held by a vendor in a bustling foreign market.

HSBC India: Zero Forex Markup on Credit Cards for Travelers

HSBC India offers zero forex markup on all credit cards from Aug 15-Sep 15. Save on international transactions & enjoy rewards. Learn more!

By ThePip Desk•
Close-up of a bank employee's hands sorting stacks of Indian banknotes, with one polymer banknote visible.

RBI’s Cash Planning Challenged by Rising Currency in Circulation

Despite digital payment growth, India’s currency in circulation sees double-digit growth, complicating RBI’s cash management and planning strategies.

By ThePip Desk•
Four Indian financial professionals in business attire gathered around a table in a high-rise office, overlooking a city.

RBI Dollar Swap Ends Early, Shifting Rupee & Bond Markets

The Reserve Bank of India’s early closure of its dollar swap program is forcing market repositioning for the rupee and short-term bonds, impacting liquidity and funding costs.

By Market Desk•
US Fed's Hawkish Stance Presses RBI's FCNR(B) Deposit Scheme

US Fed Policy Challenges RBI’s FCNR(B) Deposits

Discover how the US Fed’s hawkish stance and a strong dollar are impacting RBI’s FCNR(B) deposits, affecting NRI investors and banks.

By ThePip Desk•
Stacks of Indian Rupee and US Dollar notes inside a vault with robotic arms.

RBI Closes FCNR(B) Scheme Early to Boost Reserves

RBI advances FCNR(B) scheme closure to August 31, 2026, aiming to strengthen India’s external buffers and stabilize the rupee with $52B+ inflows.

By ThePip Desk•
Three male currency dealers in vests and shirts react with concern to screens on a trading floor.

RBI’s FCNR(B) Swap Closure: Rupee Weakens, Bond Yields Rise

The Reserve Bank of India unexpectedly closed its FCNR(B) forex swap facility early, impacting the rupee’s value and increasing government bond yields.

By ThePip Desk•
A male trader in a blue shirt watches multiple screens displaying currency exchange rates, with INR/USD showing -2.85%.

Rupee Hits 17-Day Low: RBI’s FCNR(B) Swap Closure Triggers Fall

The Indian rupee fell to a 17-day low of 95.61 against the dollar after the RBI’s early closure of its FCNR(B) swap facility and rising crude oil prices.

By ThePip Desk•
A customer's hands extend a stack of Indian rupee notes to a merchant's hand at a market stall.

UPI MDR Reintroduction Looms: Public Currency Holdings Surge

Public currency holdings hit ₹41.8 lakh crore by July 31, FY27, amid potential UPI MDR charges. Explore the narrowing gap between cash and digital payments.

By ThePip Desk•
Large stacks of US Dollar and Euro bundles fill a secure vault, with a central bank official near a vault door.

RBI’s FCNR(B) Swap Cost Minimal: $10.5B, SBI Research

SBI Research reports RBI’s FCNR(B) swap facility cost $10.5B, a minimal 1.45% of India’s forex reserves, not impacting its closure.

By ThePip Desk•
A stack of Indian Rupee banknotes on a wooden pallet in a port with shipping containers, oil barrels, and sacks.

Rupee to Hit ₹97/$ by FY27 Amid Global Risks: BMI Forecast

BMI projects the Indian rupee to weaken to ₹97/$ by FY27 and ₹99/$ by FY28, citing global risks, energy prices, and interest rate shifts.

By Market Desk•