Author: admin

As on September end, of the total FCA of $579.18 billion, $489.54 billion was invested in securities, $46.11 billion was deposited with other central banks and the Bank of International Settlements (BIS), and the balance $43.53 billion comprised deposits with commercial banks overseas | Photo Credit: India’s forex reserves increased by $31.76 billion between April-September to $700.09 billion, while the share of gold in the overall forex reserves rose to 14 per cent from 12 per cent in the same period, according to the Reserve Bank of India’s (RBI) half yearly forex reserves report.Although both US dollar and euro are…

Gold (XAU/USD) extends losses on Tuesday as investors rotate out of safe-haven assets amid renewed risk-on sentiment. At the time of writing, XAU/USD is trading around $3,925, down nearly 1.3% on the day, after briefly slipping below the $3,900 level, marking its lowest level in three weeks.The risk-on tone is underpinned by optimism around a potential US-China trade truce, with attention firmly on the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, scheduled for Thursday at the sidelines of the APEC summit in South Korea.The precious metal has now corrected roughly 10% from last week’s all-time…

The rupee depreciated by 8 paise to close at 88.27 against the US dollar on Tuesday on weak domestic stock markets and foreign fund outflows. Forex traders said a weak US dollar and softening of crude oil prices cushioned the downside. Investors are also keeping a watch on the Federal Reserve’s policy decision on Wednesday for further cues.At the interbank foreign exchange market, the rupee opened at 88.34, and later traded in a range of 88.23 to 88.40 during the day. The local unit finally settled at 88.27 (provisional) against the greenback, registering a fall of 8 paise from its…

The USD/CAD pair trades marginally higher to near 1.4000 during the European trading session on Tuesday. The Loonie pair ticks up even as the US Dollar (USD) faces selling pressure, indicating significant weakness in the Canadian Dollar (CAD). Canadian Dollar Price Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD-0.10%0.04%-0.56%0.06%0.09%0.00%-0.13%EUR0.10%0.14%-0.46%0.16%0.20%0.08%-0.03%GBP-0.04%-0.14%-0.61%0.03%0.06%-0.02%-0.17%JPY0.56%0.46%0.61%0.64%0.67%0.59%0.45%CAD-0.06%-0.16%-0.03%-0.64%0.03%-0.05%-0.19%AUD-0.09%-0.20%-0.06%-0.67%-0.03%-0.09%-0.22%NZD0.00%-0.08%0.02%-0.59%0.05%0.09%-0.13%CHF0.13%0.03%0.17%-0.45%0.19%0.22%0.13% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For…

The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from importers and a surge in global crude oil prices.Forex traders said investors are keeping a watch on Federal Reserve’s policy decision on Wednesday for further cues. Markets are assigning a 97.8 per cent probability to a 25-basis-point rate cut, with another one expected in December, they said. At the interbank foreign exchange market, the rupee opened at 88.34, and slipped to 88.40 against the greenback, registering a fall of 21 paise from its previous close.On Monday, the…

The Reserve Bank of India (RBI) | Photo Credit: KAREN DIAS The Reserve Bank of India likely intervened to support the rupee on Tuesday, three traders told Reuters, as the currency fell to a two-week low amid persistent pressure on account of importer dollar demand.The rupee touched a low of 88.40, its lowest level since October 14 before recovering slightly to 88.35 as of 09:10 a.m. IST, down 0.1% on the day.The currency had slid 0.4% on Monday as a fall below the 88 level prompted traders to cut long wagers on the currency while lingering pressure from importer hedging…

Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday and recovers a part of the previous day’s losses to the $3,972-3,971 region, or an over two-week low. The US Dollar (USD) drifts lower for the second straight day amid the growing acceptance that the US Federal Reserve (Fed) will lower borrowing costs two more times this year, which turns out to be a key factor offering some support to the non-yielding yellow metal. Apart from this, geopolitical risks stemming from the protracted Russia-Ukraine war further underpin the safe-haven commodity.However, signs of easing trade tensions between the US and…

GBP/USD caught a thin bounce off the 1.3300 handle on Monday, chalking in the pair’s first bullish candle in six straight trading session and keeping Cable bids just north of the 200-day Exponential Moving Average (EMA).Despite a last-minute pullup to close off a bearish slide, near-term momentum is unlikely to result in any significant changes with a looming Federal Reserve (Fed) interest rate decision.The Fed’s upcoming rate call, due on Wednesday, is broadly expected to be another quarter-point interest rate cut. After months of kicking the can, the Fed finally kicked off a fresh interest rate-cutting schedule at its previous…

GBP/USD pares some of last Friday’s losses and edges up moderately on Monday as the latest US inflation report might not deter the Federal Reserve (Fed) from cutting rates this week. At the time of writing, the pair trades at 1.3319, up 0.07%.Sterling finds support from improved risk mood ahead of Trump–Xi meetingThe US Consumer Price Index (CPI) in headline and core prints was 3% YoY, slightly below estimates of 3.1% amid the lack of economic data releases due to the US government shutdown.Optimism amongst investors that the US-China trade war could de-escalate pushed high beta currencies, like Sterling, higher.…

Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,025, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progress in trade talks.Positive trade headlines have boosted market sentiment, with equities extending gains across the globe. Over the weekend, US and Chinese negotiators reportedly reached a preliminary trade framework, setting the stage for further progress ahead of President Donald Trump’s meeting with his Chinese counterpart, Xi Jinping, on Thursday. Trump…