Tag: Foreign Exchange Reserves
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…
Boosting macro fundamentals best defence vs global risks: RBI’s DY Guv Michael Patra
Fortifying India’s macroeconomic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country’s central bank said in New York on…
Imported inflation edges up after months in the negative zone
After remaining in the negative zone for several months, imported inflation or cost of imports is slowly edging up since the beginning of the fiscal….
Currency Swap Agreement: RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap window
The Reserve Bank of India on Monday entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework…
BofA sees India’s forex pile reaching $745 billion in March 2026
India’s foreign-exchange reserves will likely rise to $745 billion by March 2026, giving the central bank more potential firepower to influence the rupee, according to…
Forex reserves rise $2.8 billion to a new high of $692.3 billion
Mumbai: The Reserve Bank of India‘s foreign exchange reserves rose to a fresh high of $692.3 billion in the week ended September 20, latest data…
India’s forex reserves hit all time high, inch closer to $700 billion
Sep 27, 2024 05:31 PM IST India’s foreign exchange reserves reached a record $692.3 billion as of Sept. 20, marking a $2.84 billion increase in…