Tag: Foreign Exchange Reserves
With growing economy, India has 4th largest forex reserves after China, Japan, Switzerland
With its growing economic strength, India has achieved the significant feat of joining the ranks of the world’s largest foreign exchange reserves, securing the 4th…
Donald Trump win looming? RBI well-equipped for post-US election volatility, sources say
India’s central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate…
RBI’s Diwali mission: Secretly get 102 tonnes of gold from England to India
Oct 31, 2024 09:42 AM IST The RBI held 854.73 metric tonnes of gold in both domestic and overseas storage facilities, with 510.46 metric tonnes…
RBI’s investment in gold rises faster than in securities
The Reserve Bank of India’s gold holdings have increased at double the pace of its investments in US treasuries this year reflecting the central bank’s…
RBI report shows India’s forex reserves cover stands at 11.2 months of imports
The Reserve Bank of India (RBI) in its latest report stated that the country’s foreign exchange reserves cover of imports (on balance of payments basis)…
RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1
Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September, while the…
RBI ups domestically-held gold by another 102 metric tonnes in Apr-Sep
The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made…
Outlook bright, but demand needs monitoring: MoF
New Delhi: India’s economic outlook remains bright, underpinned by a stable external sector, positive farm prospects and chances of higher government spending to make up…
RBI injects funds to rein in bank funding costs amid forex outflows
Mumbai: The Reserve Bank of India’s move on Friday to inject funds into the banking system despite the prevalence of a headline liquidity surplus reflects…
India’s foreign exchange reserves drop by $2.163 billion amid investor sell-off
Kolkata: India’s foreign exchange reserves dipped by another $2.163 billion in the week ending October 18 to $688.267 billion, amid a massive sell-off by foreign…