Tag: Exchange Rate
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…
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…
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…
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,…
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,…
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…
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…
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…
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…
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)…