Tag: Foreign Exchange Reserves
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…
Shaktikanta Das using a China-like $700 billion coffer to help Modi’s ambitions and safeguard the economy
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it to drift…
Rupee flat as oil firms’ dollar bids offset impact of rise in Asia FX
MUMBAI – The Indian rupee was little changed on Monday, wedged between oil companies’ dollar demand and a rise in its Asian peers on the…
India's foreign exchange reserves reach record high of $689.2 billion
India’s foreign exchange reserves reached a new high of $689.235 billion as of September 6, according to the Reserve Bank of India. The reserves increased…
India’s forex reserves jump $ 2.3 bn to hit new all-time high of $ 683.99 billion
India’s forex reserves jumped $2.3 billion to a fresh all-time high of $ 683.99 billion for the week ended August 30, the Reserve Bank of…