FOREIGN EXCHANGE MARKETS
FIIs bought 120 Indian stocks in Q4 amid Rs 1.3 lakh crore exodus. What's special about them?
Despite a significant Rs 1.3 lakh crore exodus in Q4, Foreign Institutional Investors selectively increased stakes in 120 Indian stocks. These companies are linked to domestic growth, balance sheet strength, or niche industry leadership, indicating continued capital deployment in specific attractive pockets.
Ericsson India revenue grows 29% to Rs 4,228 crore in March quarter
Swedish telecom firm Ericsson saw a significant 29 percent revenue jump in India for the quarter ending March 31, 2026. This growth was fueled by ongoing 5G rollouts and network upgrades across the country. India emerged as a key contributor to Ericsson's global performance, showcasing strong market momentum.
Bangladesh raises fuel prices as Iran war drives up costs
Bangladesh has made a tough choice to raise fuel prices by up to 15 percent, a direct response to rising crude oil costs and supply interruptions stemming from conflicts in the Middle East. This price hike affects petrol, diesel, and kerosene, reflecting the harsh realities of the global market.
Global Market: Japan says recent yen moves driven by speculative trade
Japan's Finance Minister Satsuki Katayama attributed recent yen movements largely to speculative trading, following news of the Strait of Hormuz reopening. The dollar weakened against the yen as traders shifted from safe-haven assets. Authorities have expressed concerns over a weak yen's impact on import costs and inflation, signaling readiness to intervene against sharp currency declines.
Nvidia rival Cerebras discloses US IPO filing as AI boom drives listings
Cerebras Systems revealed its filing for a US initial public offering on Friday, bringing the Nvidia rival closer to the public markets as it seeks to tap into growing optimism around a broad revival in the listings market.
RBI’s oil forex window set to fuel rupee recovery
The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, likely routed through state-run lenders, aims to reduce the significant daily dollar demand from oil companies. Analysts expect this intervention to lead to rupee appreciation.
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India's forex reserves up $3.83 billion to reclaim $700 bln mark
India's foreign exchange reserves surged by $3.83 billion to $700.946 billion in the week ending April 10. This increase was primarily driven by a rise in foreign currency assets and gold reserves. Special Drawing Rights and India's reserve position with the IMF also saw modest gains.
India seen as stable global capital hub with $4.4 trillion market cap: SEBI chief
India is increasingly recognized as a stable global capital hub with its market capitalization reaching USD 4.4 trillion and a total of USD 154 billion raised through equity and debt markets in FY26, according to Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey.
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
Foreign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related earnings concerns, is impacting Indian bonds and equities. Overseas investors have sold Indian government debt and shares. Lingering currency stability worries and high oil prices are dampening sentiment.
Rupee touches one-week high on report of RBI plan to ease oil refiners' dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.
'Show me the papers', bankers tell cos to guard against any FEMA violations fallout
Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not mandated this, but banks are taking extra precautions to avoid FEMA violations amid a dollar crunch.
RBI asks state oil refiners to curb spot dollar buying, sources say
India's central bank is taking action to support the rupee. State-run oil refiners are being asked to use a special credit line for dollar needs instead of buying on the spot market. This move aims to reduce pressure on the Indian currency. The Reserve Bank of India is employing measures similar to those used during the Ukraine war.
No dates set for second round of Iran-US talks: Pakistan
Pakistan stated no dates are set for a second round of US-Iran talks, amidst reports of ongoing diplomatic exchanges. Foreign Office Spokesperson Tahir Andrabi emphasized the confidential nature of the negotiations, which involved discussions on the nuclear issue and peace in Lebanon. These efforts align with Pakistan's commitment to advancing peace through dialogue and cooperation.
Volvo Car India to recalibrate prices by up to Rs 1 lakh from May 1
In a move reflecting global economic trends, Volvo Car will implement a price increase of up to Rs 1 lakh for its vehicles in India effective May 1. The company cites international supply chain disruptions and currency variations as driving factors. If the economic climate doesn't improve, further hikes could follow.
Global exchange operators no match to multibagger MCX's 150% returns. What is keeping investors hooked?
MCX has delivered over 150% returns in a year, far outperforming global exchange operators, as structural reforms, rising derivatives volumes and strong retail participation boost its earnings outlook. Experts say its monopoly in commodity derivatives and improving operational performance continue to fuel investor interest despite stretched valuations.
Dollar hangs near six-week lows as investors bet on Iran peace deal
Expectations of a possible Iran peace deal kept the US dollar near six-week lows as investors shifted toward riskier assets amid easing geopolitical tensions.
Rupee gains 20 paise to 93.15 against US dollar in early trade
The Indian rupee strengthened by 20 paise to 93.15 against the US dollar in early trade, supported by positive domestic equities and easing global pressures.
SEBI seeks CBDT clarity on tax role of authorised representatives of FPIs
India's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund houses need clear guidelines as these representatives may face tax demands. Many professionals are hesitant to take on these roles without understanding their liabilities. Sebi is actively engaging with the Central Board of Direct Taxes to resolve this issue soon.
Rupee plunges 49 paise to 93.32 against US dollar in early trade
The Indian Rupee weakened significantly against the US Dollar today. Higher crude oil prices and global geopolitical tensions are impacting the currency. Investors are withdrawing funds from domestic stock markets. This situation follows a recent drop in the Rupee's value. The US has announced a blockade of Iranian ports, further affecting oil prices and global trade.
Global banks play hedge card after RBI blow on rupee bets
Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI's rupee speculation clampdown, as hedges for capital from overseas parents. This move aims to circumvent the $100 million net open position limit imposed by the regulator. The RBI may scrutinize these reclassifications based on timelines and documentation.
FIIs sell Indian equities worth Rs 1.6 lakh cr since outbreak of Iran-US war. Where are they going and when will they come back?
Foreign institutional investors sold Indian equities for 27 straight sessions, triggering steep market losses amid geopolitical tensions and weak sentiment. Though a brief buying return emerged, analysts warn sustained flows depend on oil prices, West Asia stability, and relative global valuation attractiveness.
India’s forex reserves up by $9.06 billion to $697.12 billion in week ending April 3
India's foreign exchange reserves have seen a significant increase. Reserves rose by over nine billion dollars in the week ending April 3. This brings the total reserves to nearly 700 billion dollars. This follows a period of decline. The Reserve Bank of India has been active in managing the currency. This rise indicates a stabilization in the country's financial position.
India to push for reporting of offshore rupee trades despite resistance: Report
India plans to move ahead with a proposal mandating that banks report offshore rupee derivative trades despite objections from lenders, two sources familiar with the matter said, in an attempt to bring transparency to a market that has amplified pressure on the currency.
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources say
Banks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India's $100 million net open position limit. These measures, aimed at curbing FX market volatility, were implemented by April 10. Market participants estimate around $40 billion in arbitrage positions have been unwound, with recent price action indicating the completion of these exits.
Banks rush to exit overseas forex bets ahead of RBI deadline
Indian banks have largely exited their net open foreign exchange positions ahead of a regulatory deadline, reducing aggregate positions from $40 billion to an estimated $4-7 billion. This move, aimed at complying with central bank curbs, is expected to see the rupee trade in the 93/$ to 94.50/$ range with a depreciating bias.
RBI ask banks to speed up inward foreign payments with faster alerts, one-hour reconciliation
The Reserve Bank of India has issued new directives to banks. These rules aim to speed up inward cross-border payments. Customers will be notified immediately about payments received. Banks must also reconcile nostro accounts within an hour. These changes will be effective in six months, enhancing efficiency for foreign exchange transactions.
Rupee has a 3rd good day, rises 9 paise to 92.98
The Indian rupee strengthened for a third consecutive day, closing at 92.98 against the US dollar. This rise reflects anticipated unwinding of lender positions in overseas markets. The currency traded within a narrow range due to ongoing US-Iran negotiations. Central bank measures have helped stabilize volatility.
Rupee ends higher; traders eye Trump's Iran deadline, RBI policy decision
The Indian rupee closed stronger on Tuesday, supported by the unwinding of residual arbitrage positions, while traders braced for a U.S. deadline to reach a deal with Iran and the Reserve Bank of India's monetary policy decision.
RBI moves to curb rupee volatility after sharp FY26 slide
The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks' net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.
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