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Monday, May 25, 2020

foreign exchange

FOREIGN EXCHANGE NEWS

Forex reserves surge for 17th straight week; rise to record high of $462 billion

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.

India's forex reserves rise to life-time high of 424.361 billion dollars

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.

Notable increase in foreign exchange purchase by India: US 

October 18, 2017 8:56 am

"Treasury will be closely monitoring India's foreign exchange and macroeconomic policies," the report said.

Rupee down 5 paise vs dollar in early trade

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.

Outward remittances breach $2-billion-mark this fiscal

January 12, 2016 6:06 am

Foreign education, maintenance of relatives and travel remained major reasons.

In two months RBI mops up $8 bn; NRI deposits surge

July 11, 2015 1:12 am

Was net purchaser for second time in FY16 after it bought $2.57 billion in May.

Rupee weakens to 13-month low of 63.64, Sensex falls

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.

Maruti to pay royalty to Suzuki in R

September 05, 2014 1:09 am

Move to insulate company from being exposed to variation in exchange rate.

Sharma urges successor to take liberal view of FDI

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.

RBI sold $1.9 bn in spot forex in January

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.