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India's foreign exchange

11 Oct 2024

India’s Foreign Exchange Reserves Stay Above $700 Bn

The country's Forex reserves of over $700 billion are at an all-time high and the fourth-largest in the world.

India's foreign exchange

04 Oct 2024

India’s Foreign Exchange Reserves Cross $700 Billion For First Time

According to the RBI’s Weekly Statistical Supplement, Special Drawing Rights (SDRs) experienced a modest increase of $8 million, reaching $18.547 billion.

Foreign exchange

27 Sep 2024

India's Forex Reserve Touches Fresh Record High Of USD 692.3 Billion

This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.

India's foreign exchange

01 Sep 2024

India's Foreign Exchange Reserve Touches Fresh High Of USD 681.7 Billion

In the calendar year 2023, India added about USD 58 billion to its foreign exchange reserves.

14 Jun 2024

India's Forex Kitty Surges To New Lifetime High Of $655.8 Billion

India, with an expected 15.2 per cent share in world remittances in 2024, also continues to be the largest recipient of remittances globally.

India forex reserves

29 Mar 2024

India’s Foreign Exchange Kitty Rises For 5th Week In A Row

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

Sri Lanka crisis

16 Jun 2022

Sri Lanka to receive new petrol shipment within three days: Minister

Sri Lanka expects a new shipment of petrol within the next three days, its power and energy minister said on Thursday, as the island nation awaits official confirmation from the Indian government for a new $500 million credit line for fuel. "We are struggling to get suppliers due to overdue payments," Power and Energy Minister Kanchana Wijesekera told reporters.

ethanol blending

05 Jun 2022

10% ethanol blending has saved foreign exchange worth Rs 41K crore: PM Modi

PM Modi said that 10 percent ethanol blending has saved foreign exchange worth Rs 41,000 crore. He said that it has also led to reduction of 27 lakh tonnes of carbon emission and farmers earned Rs 40,600 crore. Prime Minister Modi was speaking at a programme on `Save Soil Movement` at Vigyan Bhawan.

Sri Lanka crisis

27 May 2022

Sri Lanka allows private companies to import fuel

Sri Lankan government has allowed private companies to import fuel. The move is aimed at easing the burden on state-run fuel retailer Ceylon Petroleum Corporation. The Sri Lankan government on Tuesday raised the petrol price by 24.3 percent and diesel by 38.4 percent.

24 May 2017

Rupee pares early gains, down 5 paise vs USD

The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.

India forex reserves

17 Feb 2017

Forex reserves down $360.9 million to $362.78 billion

India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.

02 Jan 2017

China's yuan lost 7% value in 2016, worst in 22 years

China has reduced the share of US dollars in its foreign exchange basket and added 11 more currencies for measuring the yuan which lost about seven percent value against US dollar last year becoming the worst-performing major Asian currency, a media report said.

Foreign exchange

30 Dec 2016

Forex reserves decline by $935.2 million to $359.671 billion

India's foreign exchange reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said on Friday.

Foreign exchange

30 Sep 2016

Forex reserves move up by $1.166 billion to $370.766 billion

India's foreign exchange reserves increased by USD 1.166 billion to reach USD 370.766 billion for the week to September 23 on account of rise in foreign currency assets, as per RBI data.

China forex reserve

07 Sep 2016

China's forex reserves fall $16 billion in August

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

HSBC Holdings Plc

21 Jul 2016

US charges two HSBC executives over forex-related scheme

A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank`s clients, US prosecutors said on Wednesday.

Indian rupee appreciated

08 Jun 2016

Rupee opens 3 paise higher against dollar at 66.74

Mumbai: The rupee appreciated by 3 paise to 66.74 against the dollar in early trade on Wednesday on increased selling of the US currency by exporters and banks amid higher foreign inflows.

06 May 2016

Remittances by overseas Indians fall by 2.9%, first decline since 2009

For the first time since 2009, remittances by the overseas Indians slowed down bringing worries to external advisers of Reserve Bank of India (RBI) governor Raghuram Rajan abou the monetary policy impact.

09 Apr 2016

Forex reserves surge to record high of $359.759 bn

India's foreign exchange reserves surged by a whopping USD 4.2 billion to touch a record high of USD 359.759 billion in the week ended April 1, mainly on account of rise in foreign currency assets, the Reserve Bank said today.

25 Mar 2016

India's Forex reserves rise by $2.53 billion

According to the Reserve Bank of India`s (RBI) weekly statistical supplement, the overall Forex reserves swelled by $2.53 billion to $355.94 billion.

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