Tag: Current Affairs
ED seizes Rs 3.94 cr of Chinese owned tech firm
NewsIndiaED seizes Rs 3.94 cr of Chinese owned tech firm
“The company provides online education in name of Odaclass. ED sear [...]
A potential forex earner: Advent of e-tuk tuks made in Sri Lanka
The junction past the Maligawatta Police station is popularly known as the ‘Elba junction’ by the people. Known as an area with shops selling spare pa [...]
After $3 billion, Reliance and Jio raise $2 billion forex loan
Barely days after signing a USD 3 billion financing in India’s most widely syndicated loan, Reliance Industries Ltd and its unit Reliance Jio Infocomm [...]
Forex kitty down $15 bn in Feb as RBI steps in to stem rupee fall
The country’s foreign exchange reserves declined by over $15 billion in February as the Reserve Bank intervened in the forex market to stem a fall in [...]
Forex reserves rise for 2nd week in a row
India’s foreign exchange reserves increased by $1.7 billion in the week ended January 20 to $573.7 billion, as per data released by the Reserve Bank o [...]
Forex reserves rise for 2nd week in a row
India’s foreign exchange reserves increased by $1.7 billion in the week ended January 20 to $573.7 billion, as per data released by the Reserve Bank o [...]
Why did foreign exchange reserves fall $70 bn in 2022?
After three consecutive years of rise, India’s foreign exchange reserves declined by around $ 70 billion in 2022 amid rising inflation and interest ra [...]
Forex reserves rise $11.02 billion to $561.162 billion
The country’s foreign exchange reserves rose by $11.02 billion to $561.162 billion in the week ended December 2, the Reserve Bank data showed on Frida [...]
Forex reserves surge by $14.72 billion
The country’s foreign exchange reserves surged by $14.72 billion in the week ended November 11, the biggest weekly jump in the last 15 months, as the [...]
Many exporters, importers reluctant to hedge forex exposure
Despite the 11.2 per cent fall in the rupee’s value in 2022, a large section of exporters and importers are reluctant to fully hedge their foreign exc [...]
Rupee breaches 81, policy challenge: let it find its value or burn forex, hike rates
As the rupee breached the 81-mark to the US dollar intra-day Friday, policy makers in New Delhi are in a dilemma with the Reserve Bank of India (RBI) [...]
Centre intervening to cushion Re slide, boost dollar inflows
With the rupee weakening to record low levels and the RBI reportedly preventing it from falling below 80 against the US dollar last week, government s [...]
FY22: As Covid curbs ease, outward remittances up 55% to all-time high
Foreign exchange, including the US dollar and euro, taken out of the country by resident Indians has shot up by 54.60 per cent during the fiscal ended [...]
Explained: Making sense of exchange rate
On Monday, during intra-day trade, the Indian rupee hit an all-time low exchange rate of 77.6 against the US dollar. At the time of going to print, it [...]
‘India builds up forex reserves as China, others eye foreign assets’
With countries led by China focussing on accumulating assets abroad rather than boosting foreign exchange (forex) reserves, global forex reserves as a [...]