Tag: Exchange Rate

CEA Nageswaran asks India Inc not to seek protective cover of weak currency
Posted in Economy

CEA Nageswaran asks India Inc not to seek protective cover of weak currency

New Delhi: Chief Economic Advisor V Anantha Nageswaran on Thursday advised India Inc not to seek protective cover of weak currency as it is not…

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Rate cut to be based on long-term inflation trajectory: RBI Governor
Posted in Economy

Rate cut to be based on long-term inflation trajectory: RBI Governor

New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory…

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Singapore dollar reaches highest value since 2014, benefiting travelers and importers.
Posted in Business

Singapore’s holidaymakers toast strongest dollar in a decade

It’s been more than a decade since Singapore’s dollar was last this strong against its US counterpart, and the effects are being felt by everyone…

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rupee: Digitalisation will help rupee become global: RBI report
Posted in Economy

rupee: Digitalisation will help rupee become global: RBI report

Digitalisation will hasten internationalisation of the rupee, which will result in lowering transaction costs for cross-border trade and investment operations and lower exchange rate risk,…

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Indian Handicraft Exports: Handicraft exports likely to fall 6-8 pc in FY24: Report
Posted in Economy

Indian Handicraft Exports: Handicraft exports likely to fall 6-8 pc in FY24: Report

Indian handicraft exports may witness a 6-8 per cent decline this fiscal to USD 3.3 billion, mainly due to a spending slowdown in global markets,…

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rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin
Posted in Economy

rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin

The Reserve Bank of India (RBI) bought $750 million on a net basis in the spot foreign exchange market in March, data released on Monday…

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forex: India's forex reserves rise $4.532 billion to $588.780 billion
Posted in Economy

forex: India’s forex reserves rise $4.532 billion to $588.780 billion

India‘s foreign exchange reserves increased by $4.53 billion to $588.78 billion on a weekly basis as of April 28, 2023, according to the Reserve Bank…

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FM Sitharaman: No direction on loading Rs 2,000 notes in ATMs: FM Sitharaman
Posted in Economy

FM Sitharaman: No direction on loading Rs 2,000 notes in ATMs: FM Sitharaman

No instructions have been given to banks for filling or not filling Rs 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own…

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forex reserves: India's forex reserves increase, snapping four-week losing streak
Posted in Economy

forex reserves: India’s forex reserves increase, snapping four-week losing streak

India‘s foreign exchange reserves rose for the first time in five weeks and stood at $562.40 billion as of the week ended March 3, the…

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India exports: India's exports rise in both value, volume terms in 2022: GTRI report
Posted in Economy

India exports: India’s exports rise in both value, volume terms in 2022: GTRI report

The country’s merchandise exports have recorded a healthy growth in both value and volume terms in 2022, economic think tank Global Trade Research Initiative (GTRI)…

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