Tag: Foreign Exchange Reserves
RBI defends currency strategy, says interventions aim to shield economy from global risks
India is striving to maintain a stable currency to protect its economy from global spillovers and financial stability risks, the Reserve Bank of India (RBI)…
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any…
India’s foreign exchange reserves dip by another $6.477 bn in the week to November 8
India’s foreign exchange reserves dipped by another $6.477 billion in the week to November 8 to $675.653 billion as foreign institutional investors continued offloading their…
India in a sweet spot: Moody’s report highlights robust economic growth momentum amid inflation challenges
India’s economy is in a “sweet spot” from a macroeconomic standpoint, blending strong growth with easing inflation, according to a recent report by Moody’s. The…
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…