#foreign-exchange
State-run banks' intermittent dollar sales cushion rupee, forward premiums fall
The rupee was down 0.1% at 95.7675 per dollar, with trading in Asia thinned out by a clutch of regional holidays
USD/INR swap auction: Participants place bids for twice the $5 b notified amt
RBI's USD/INR swap auction sees bids double the $5 billion, enhancing forex market intervention amid rupee volatility.
Maruti Suzuki rolls out WFH, bans non-critical foreign travel in line with PM Modi's austerity call
Maruti Suzuki India Ltd is adopting austerity and efficiency measures. These steps aim to conserve fuel and reduce foreign exchange expenditure. The company is encouraging work from home where possible. Travel is being minimized, with virtual meetings preferr…
How to manage the rupee while protecting growth
First, on the rupee, one of the most effective ways to stabilise the currency is to improve the flow of foreign exchange into the country. While India has made significant progress on the export side, there is still substantial work required in attracting lar…
RBI declares record Rs 2.87 lakh crore dividend to cushion war shock
The Reserve Bank of India announced a record surplus transfer to the government for FY27, though it falls short of budget estimates. This significant payout, driven by foreign exchange gains and investment income, provides a crucial fiscal buffer amidst risin…
GreenLine to invest ₹1,500 cr in LNG trucking push, sees major diesel savings
The company estimates that replacing 10% of India’s diesel-powered trucking fleet with LNG vehicles could reduce annual foreign exchange outflows by $5-6 billion by cutting fuel imports.
Falling rupee isn't trousers, doesn't need pulling up. But is it revealing too much?
The falling rupee needs no support at the moment and foreign exchange reserves shouldn039t be burnt However the falling rupee might be pointing to a deeper investment problem Everything explained here in layman039s terms
PM Modi's domestic tourism push to enhance India's global appeal: Hotel industry body
Prime Minister Narendra Modi's emphasis on domestic travel is set to boost India's tourism sector. Geopolitical shifts make India an attractive, stable destination for global travelers. Increased inbound tourism will enhance foreign exchange earnings and attr…
Indians may be roaming closer to home because of a war far away
India Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve foreign exchange, and reduce the import bill amid the West Asia crisis. Industry experts anticipate a surge in local trave…
India Tells State Banks to Use EVs, Video Calls to Cut Fuel Use
India’s state-run banks have been directed by the government to use video conferencing facilities for meetings and limit overseas travel to reduce fuel usage and preserve foreign exchange reserves.
Indian scientists work on homegrown DME fuel for cooking gas needs
Researchers say DME can be blended with LPG and used in cooking fuel, autorickshaws and generators, helping India reduce fuel imports and save foreign exchange.
PM's austerity appeal effect: CREDAI shifts NATCON 2026 venue from Amsterdam to India
The real estate developers’ body said the decision was taken in line with the government’s broader call for conserving foreign exchange, reducing fuel consumption, and prioritising spending within the country during a period of global uncertainty.
Gold jewellery to get costlier: Here's how much more you need to pay on your next purchase
India has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on reserves. Buyers will face higher prices for jewellery. The government encourages domestic recycling and reduced reliance o…
India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar Sen
India's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volumes may drop 10-15 percent and consumers may opt for lighter jewelry. This move aims to conserve foreign exchange reserve…
India raises gold import duty back to 15%: What’s behind the move
India has significantly raised import duties on gold, silver, and platinum. This move aims to safeguard the nation's economy and foreign exchange reserves. The government prioritises essential imports like crude oil and fertilisers. This decision reflects a p…
India raises gold and silver tariffs to 15% to curb imports, support rupee
India has raised import duties on gold and silver to 15% from 6% to curb imports and reduce pressure on foreign exchange reserves. The new structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess.
India's gold imports: How it impacts our economy | An explainer
India's gold imports are at an all-time high, reaching USD 71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to…
India's gold import: How it impacts our economy | An explainer
India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to cu…
As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling framework
The All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange without impacting the livelihoods of 35 million people. The federation suggests establishing a bullion bank and revamping …
As PM Modi calls for conserving FX, what steps can India take?
India's Prime Minister Narendra Modi calls for conserving foreign exchange due to rising oil prices and a weakening rupee. The nation is exploring past measures to attract dollar inflows and curb outflows. These include encouraging diaspora deposits, easing c…
After winning poll battles, Modi has picked up a new fight
Amidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel consumption, postpone gold purchases, and cut edible oil use aims to protect foreign exchange reserves and curb inflation…
Defence Minister Rajnath Singh chairs high-level West Asia review as PM Modi calls for ‘economic self-defence’
Defence Minister Rajnath Singh chaired a meeting on West Asia's evolving situation. Prime Minister Narendra Modi called for nationwide economic resilience. Citizens are urged to conserve fuel, reduce imports, and minimize foreign exchange outflows. The govern…
Modi Urges Indians to Conserve Fuel as Oil Shock Spreads
India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange. “In the current situation, we must place great emphasis on saving foreign exchange,” Narendra Modi said, as quoted by R…
Iran war: PM Modi urges Indians to work from home, limit foreign travel
He said the austerity measures would reduce India's fuel use and help save foreign exchange.
Jewellery stocks Titan, Kalyan Jewellers, Sky Gold, Senco tumble up to 12% after PM Modi’s gold purchase appeal
Jewellery stocks witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to postpone non-essential gold purchases as part of measures aimed at conserving foreign exchange amid the ongoing crisis, triggering concerns over n…
Markets Fall; Jewellery Stocks Hit by PM Modi’s Gold Remark
Weak global cues from Wall Street futures and Prime Minister Narendra Modi’s appeal to curb foreign exchange outflows added pressure to domestic markets
Rupee crashes 139 paise to 94.90 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close.
Need of hour is to use petro products with restraint: PM Modi
Prime Minister Narendra Modi called for careful use of petrol, gas, and diesel. He stressed that using imported petro products only as needed will save foreign exchange and lessen war impacts. India is also advancing in solar power and ethanol blending. The P…
India forex reserves drop $7.8 bn; rupee weakens to 94.47 against the dollar
India's foreign exchange reserves saw a significant drop of over seven billion dollars. This marks the second consecutive weekly fall. The Reserve Bank of India has been using these reserves to stabilize the currency market. The Indian Rupee also weakened aga…
India explores steps to mobilise dollar inflows as rupee slides, sources say
India's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabilize the rupee. Measures under consideration include reviving a deposit scheme for non-resident Indians and removing withh…