The Reserve Bank of India‘s income rose 17 percent last fiscal on higher interest income from bond holdings, but it was the sharp drop in provisions transferred to the Contingency Fund that helped it pay a record Rs. 2.1 lakh crore in dividend to the central government. An amount of ₹42,819.91 crore was provided towards … Read more
India‘s forex reserves jumped by USD 6.3 billion to USD 584. 755 billion for the week ended April 7, the RBI said on Friday. In the last reporting week, the forex kitty snapped a two-week rising trend to decline by USD 329 million to 578.45 billion. Foreign Currency Assets increased by USD 4.740 billion to … Read more
India’s forex reserves increased by USD 3.034 billion to USD 576.76 billion as of January 27, making it the third consecutive week of a jump in the kitty. The overall reserves had risen by USD 1.727 billion to USD 573.727 billion in the previous reporting week. It can be noted that in October 2021, the … Read more
MUMBAI: The country’s foreign exchange reserves surged by $3.074 billion to reach a record high of $608.081 billion in the week ended June 11, the latest data from the Reserve Bank of India (RBI) showed on Friday. The reserves had increased by $6.842 billion to $605.008 billion in the previous week ended June 4, 2021. … Read more