January 26, 2020 4:35 am
The rise in forex reserves over the last four months has also come as a breather for the country’s rising external debt, which rose significantly over last couple of years from $485 billion in June 2017 to $557 billion in June 2019.
April 06, 2018 8:00 pm
Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves. Gold reserves remained unchanged at USD 21.614 billion, the central bank said.
October 18, 2017 8:56 am
"Treasury will be closely monitoring India's foreign exchange and macroeconomic policies," the report said.
April 21, 2016 9:58 am
The rupee weakened by 5 paise. Dealers attributed the rupee's fall to increased demand for the US currency.
January 12, 2016 6:06 am
Foreign education, maintenance of relatives and travel remained major reasons.
July 11, 2015 1:12 am
Was net purchaser for second time in FY16 after it bought $2.57 billion in May.
December 16, 2014 9:22 pm
The rupee had appreciated when BJP came to power, hitting a level of 58.29 on May 22, 2014.
September 05, 2014 1:09 am
Move to insulate company from being exposed to variation in exchange rate.
May 16, 2014 12:46 am
The minister’s concerns about the FDI policy regime stem from the fact that the BJP has repeatedly said that the foreign investment in the multi-brand retail sector will be revisited if it forms the government.
March 11, 2014 1:36 am
The rupee had traded around 61.60-62.50/$ in the beginning of January and fell to 63.10/$ after the Fed’s announcement.
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