Tag: Foreign Exchange Reserves
Forex reserves rise to $703 billion; rupee slips 14 paise
Mumbai: India’s foreign exchange reserves rose by $2.3 billion to $703 billion in the week ended April 17, mainly due to an increase in foreign…
Repo rate hike not on the cards, for now, says Ram Singh, external member of MPC
External member of the Monetary Policy Committee (MPC), Ram Singh, tells Rozebud Gonsalves in an email interview about what would indicate the onset of second-round…
Short-term fluctuations, including FDI outflows closely monitored: RBI’s Sanjay Malhotra
New York: Short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical in nature and are being closely monitored, RBI Governor Sanjay Malhotra…
India’s forex reserves up $3.83 billion to reclaim $700 bln mark
India’s foreign exchange reserves rose by $3.83 billion in the week ending April 10 to stand at $700.946 million, according to data released by the…
India’s forex reserves drop $10.3 billion to $688 billion amid currency stabilisation efforts
Kolkata: India’s foreign exchange reserve has depleted by another $10.288 billion in the week to March 27 as the Reserve Bank of India is said…
RBI’s net short position rises to $77 billion in Feb as it defends rupee
Mumbai: The Reserve Bank of India’s (RBI) net short position stood at $77 billion in February, versus $67 billion in the previous month, as the…
Proactive steps needed to limit adverse spillovers of Iran war: RBI report
MUMBAI: The Reserve Bank of India (RBI) Monday said the West Asia crisis warrants proactive steps to curb negative spillovers, given the country’s reliance on…
What’s key to India’s forex defence? Patra suggests it’s $1 trillion buffer
India needs a foreign exchange reserve buffer of at least $1 trillion to ensure it has enough firepower to intervene in currency markets, according to…
India’s current account deficit widens in third quarter
India’s current account deficit widened to $13.2 billion or 1.3% of the country’s gross domestic product in the third quarter from $11.3 billion or 1.1%…
Goldilocks Grows Up: India breaks into 7% growth era, says Economic Survey
Goldilocks has come of age, says the Economic Survey. India’s Goldilocks economy — defined as one with rapid GDP growth and low inflation — has…