Tag: Foreign Exchange Reserves
SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflows
New Delhi: The State Bank of India (SBI) Research has called for the abolition of long-term capital gains (LTCG) tax on equities and an extended…
India’s FX reserves fall for fourth week, down $50 billion from September peak
Mumbai: India’s foreign exchange reserves fell for a fourth consecutive week to $734.6 billion, according to a footnote to Reserve Bank of India Governor Sanjay…
India’s forex reserves fall $18.34 billion to $747.56 billion in week ended September 25
India’s foreign exchange reserves fell by $18.34 billion to $747.56 billion in the week ended September 25, driven by a decline in foreign currency assets…
FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report
New Delhi [India]: Foreign currency non-resident (FCNR) inflows have provided a significant cushion to the rupee and India’s balance of payments (BoP), but a sustained…
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…