July 01, 2020 2:13 pm
If the government intends to use forex reserves as an emergency fund, it should ensure that they do not shrink just when they are most needed.
June 27, 2020 12:57 am
Sources say a rise in crude prices result in higher payout for oil import leading to a dip in reserves.
June 21, 2020 12:39 am
Expressed in dollar terms, foreign currency assets include effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
June 19, 2020 9:37 pm
Forex reserves are external assets, in the form of gold, SDRs (special drawing rights of the IMF) and foreign currency assets (capital inflows to the capital markets, FDI and external commercial borrowings) accumulated by India and controlled by the Reserve Bank of India.
June 13, 2020 12:30 am
In the nine-month period between September 20, 2019 and June 5, 2020, foreign exchange reserves have grown $73 billion. On September 20, Finance Minister Nirmala Sitharaman had announced cut in corporate tax rates.
June 12, 2020 10:57 pm
In the previous week ended May 29, the forex reserves had increased by USD 3.44 billion to USD 493.48 billion.
June 06, 2020 11:52 pm
Data released by the Reserve Bank of India shows that in the week ended May 29, foreign currency assets, a major component of the overall reserves, increased by $3.50 billion to $455.21 billion.
March 29, 2020 6:05 am
The decline has been primarily driven by outflow of funds by FPIs as they pulled out over $15 billion in March till date.
March 21, 2020 4:53 am
For the week-ended March 13, forex reserves stood at $481.89 billion and it fell $5.35 billion from the all-time high of $487.23 billion in the week-ended March 6, 2020.
August 13, 2019 10:51 am
At the Interbank Foreign Exchange, the rupee opened weak at Rs 71.15 then fell further to 71.16 against the American currency, down 38 paise over it's previous closing price.
PHOTOSInside Rana Daggubati and Miheeka Bajaj's haldi and mehendi ceremony