Tag: Foreign Exchange Reserves
India’s forex reserves fall $14.88 billion to $765.90 billion in week ended September 18
India’s foreign exchange reserves fell by $14.881 billion to $765.901 billion in the week ended September 18, driven largely by a decline in foreign currency…
foreign exchange reserves: Safety most important in managing forex reserves says RBI Deputy Governor Rohit Jain
Mumbai: Safety of foreign exchange reserves is the most important consideration before the Reserve Bank of India (RBI) because reserves are ultimately borrowed funds which…
Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
Foreign currency non-resident bank (FCNR-B) deposits mobilised by banks under the special Reserve Bank of India (RBI) window stood at $132.9 billion according to inflows…
India’s forex reserves drop $4.92 billion to $780.78 billion as of September 11
India’s foreign exchange reserves declined by $4.92 billion to $780.78 billion in the week ended September 11, according to data released by the Reserve Bank…
Record FCNR (B) inflows as banks mobilise $127 bln
Mumbai: Banks have mobilised a whopping $127.22 billion from foreign currency non-resident (bank) FCNR (B) deposits in less than three months till the scheme closed…
At $729 billion, forex kitty hits a record
umbai: India’s foreign exchange reserves touched a record high of $729.3 billion as of August 21, after banks stepped up the drive to mobilise NRI…
India gets $72.8 billion in dollar inflows under RBI swap facility
India has received dollar inflows of $72.8 billon under special swap facility foreign currency non resident (bank) FCNR (B), external commercial borrowings (ECBs) and overseas…
India’s foreign exchange reserves up almost $50 billion since July
Kolkata: India’s foreign exchange reserves surged by nearly $50 billion since July as inflows swelled into the banks’ foreign currency non-resident bank (FCNR-B) following the…
India’s forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India’s foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of…
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Mumbai, Local currencies will play an ever-increasing role in cross-border trade and payments as they lower transaction costs, reduce currency mismatches, and improve settlement efficiency,…