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New Delhi: India’s foreign exchange (Forex) reserves surged by $5.54 billion to $692.58 billion during the week ended November 14, according to the figures released by the RBI on Friday. The increase was driven largely by a jump in the value of the gold component of the country’s Forex kitty that shot up by as…
New Delhi: India’s foreign exchange reserves rose by $3.51 billion to $694.23 billion for the week ended August 29, data released by the RBI on Friday showed. Foreign currency assets, a major component of the reserves, increased by $1.69 billion to $583.94 billion during the week. Expressed in dollar terms, the foreign currency assets include…
New Delhi: India’s foreign exchange reserves surged by $4.75 billion to $693.62 billion for the week ended August 8, data released by the RBI on Friday showed. A strengthening of the country’s foreign exchange kitty reflects a strengthening of the country’s macroeconomic fundamentals and gives the RBI more headroom to strengthen the rupee vis-a-vis the…
New Delhi: Top industrialist Anand Mahindra on Wednesday said that we should be moved to make our own nation greater than ever in the wake of 50 per cent tariffs the US has imposed on the country, and India should seize this moment to shape a virtuous consequence for itself. The “law of unintended consequences”…
New Delhi: India’s foreign exchange reserves shot up by another $2.29 billion to $698.95 billion for the week ended June 13, data released by the RBI on Friday showed. The country’s forex kitty stood at $696.66 billion in the preceding week ended on June 6, registering an increase $5.17 billion. With a close to $7.5…
Last Updated:May 24, 2025, 14:21 is The RBI has announced a dividend payout of Rs 2.69 lakh crore for the central government for the financial year 2024-25. In the previous FY24, the RBI had transferred a record surplus amount or dividend of Rs 2.1 lakh crore to the government. RBI Dividend 2025: The Reserve Bank…
Last Updated:January 25, 2025, 09:32 is The forex reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. India’s gold reserves increases by $1.063 million to $68.947 billion during the week…
Last Updated:November 22, 2024, 5:31 PM IST India’s forex reserves have fallen by a total of nearly $30 billion in the last six weeks and are down by $47 billion from the record high of $704.89 billion hit in late September. The continued FPI outflows from the Indian equities have been adversely impacting India’s forex…
Last Updated:November 09, 2024, 09:49 IST India’s gold reserves increase by $1.224 billion to $69.751 billion during the week ended November 1; special drawing rights fall by $1 million to $18.219 billion. Foreign currency assets, a major component of the reserves, decreases by $3.902 billion to $589.849 billion. India’s foreign exchange (forex) reserves declined by…
Last Updated:November 02, 2024, 09:41 IST For the week ended October 25, foreign currency assets, a major component of the reserves, decreased by $4.484 billion to $593.751 billion, according to the latest RBI data. The Special Drawing Rights (SDRs) were down by $52 million to $18.219 billion. India’s forex reserves declined by $3.463 billion to…