Tag: indian express news
Growth, financial stability, forex: What Das said | Business News
NewsBusinessEconomyGrowth, financial stability, forex: What Das said
NBFCs and other financial entities must continue to giv [...]
Ponzi scheme and forex trading scam: ED initiates attachment of assets worth Rs 37.5 cr of mastermind Vinod Khute | Mumbai News
The Enforcement Directorate (ED) has initiated provisionally attaching overseas assets worth Rs 37.5 crore of Dubai-based businessman Vinod Khute, own [...]
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) [...]
‘You buy umbrella to use it when it rains’: Das on using forex reserves to tackle Re volatility
Amid the rupee falling against the US dollar, RBI Governor Shaktikanta Das on Friday said “you buy an umbrella to use it when it rains!’, indicating t [...]
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 [...]
Pune: Man ‘invests’ in fake forex trading firm, duped of Rs 21 lakh
A 48-year-old man has been duped of Rs 21.66 lakh by two men who lured him to ‘invest’ money in their non-existent forex trading company and assured h [...]
‘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 [...]
Ukraine conflict intensifies Nepal’s economic woes
Nepal doesn’t boast strong economic ties to either Russia or Ukraine, but the war between those two countries has battered the Himalayan nation’s alre [...]
ED summons former Xiaomi head to Bengaluru in forex violations case
THE ENFORCEMENT Directorate (ED) on Wednesday summoned Chinese mobile company Xiaomi’s global vice president, Manu Kumar Jain, for questioning in a ca [...]
Currency assets boost forex reserves to $631.9 bn
For the week ended March 4, the forex reserves posted a gain of $394 million to end at $631.92 billion, data from the RBI showed.
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Forex reserves stem decline, down for third straight week
For the third straight week, the nation’s forex reserves recorded a fall, this time by $77 million to reach $635.828 billion during the week ended [...]
75 tonnes more gold in forex kitty adds to stability
India is adding more gold to its rising foreign exchange kitty of $640 billion. The Reserve Bank of India (RBI) has acquired 75.59 tonnes of gold i [...]