India’s foreign exchange reserves saw a rise of $2.6 billion to $586.5 billion for the week ending on October 27, latest data by Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves were down by $2.36 billion, dragging the reserves to $583.5 billion, for the week ended on October 20. According to the … Read more
Piyush Goyal, Minister of Commerce and Industry, at the CII AGM in New Delhi. India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and Industry Minister Piyush Goyal said on May 24. India’s … Read more
The Reserve Bank of India‘s foreign exchange reserves jumped $7.2 billion to an eleven-month high of $595.98 billion in the week ended May 5. At current levels, the central bank’s reserves are at their highest since June 10, 2022. The sharp rise in the foreign exchange reserves was on account of an increase in the … 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 foreign exchange reserves rose by $1.5 billion in the week ending March 3, breaking a four-week falling trend. The reserves were at $562.4 billion, Reserve Bank of India data showed. The accretion was largely on account of overseas investment inflows into Adani group of companies. American firm GQG Partners pumped in $1.9 billion into … Read more
Cash-strapped Pakistan’s current account deficit shrank 90.2 per cent to USD 0.24 billion in January from USD 2.47 billion in the same month last year, the data shared by the State Bank of Pakistan (SBP) showed on Monday. “Current Account Deficit (CAD) recorded USD 0.2 billion in Jan 2023 against a deficit of USD 2.5 … 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
Synopsis Of the $28 billion added to India’s foreign exchange reserves during April-June, $20 billion is through export earnings, while $8 billion got added on account of valuation gains, the Reserve Bank of India (RBI) data shows. By Gayathri NayakMUMBAI: India’s external account is seeing its best year since the balance of payments (BoP) crisis … Read more