foreign exchange

foreign exchange News

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

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 

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


Rupee down 5 paise vs dollar in early trade

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

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

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

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

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

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

Sharma urges successor to take liberal view of FDI

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.

In name of saving rupee,RBI brings controls back

In a bid to check the drain on foreign exchange reserves,the Reserve Bank of India (RBI) has brought back partial capital controls that had been progressively reduced from 2004 onwards

Nigerians misuse educational schemes: Goa MP Shantaram Naik

Naik emphasised on deporting all foreign nationals who are overstaying in Goa.