Tag: indian express
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 [...]
Rupee settles flat at 78.09 against US dollar
The rupee pared initial gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday, June 17, amid a muted trend in dom [...]
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 [...]
Explained: Why has the forex kitty dipped $44.73 billion in 8 months?
Eight months after hitting a record high of $642.45 billion in September 2021, India’s foreign exchange reserves have now fallen below the $600 billio [...]
‘India builds up forex reserves as China, others eye foreign assets’
With countries led by China focussing on accumulating assets abroad rather than boosting foreign exchange (forex) reserves, global forex reserves as a [...]
Ukraine conflict intensifies Nepal’s economic woes
Nepal doesn’t boast strong economic ties to either Russia or Ukraine, but the war between those two countries has battered the Himalayan nation’s alre [...]
Quixplained: How does India acquire forex?
Between April and December 2021, India’s foreign exchange reserves grew by US$ 63.5 billion. At the same period, the country recorded a Current Accoun [...]
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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Inflation skyrockets in Sri Lanka; food prices at record high
Sri Lanka’s benchmark inflation rate, measured by the National Consumer Price Index, accelerated to 14 per cent in December 2021, up from 11.1 per cen [...]
Slide in currency assets pulls down reserves to $640 bn
The nation’s forex reserves fell by $908 million during the week ended October 22 to reach $640.1 billion, according to data from the [...]
RBI Annual Report for 2020-21: ‘Fall in provisions, sharp foreign exchange beneficial properties led to increased RBI surplus’
The overseas alternate transactions of the central financial institution have come as a saviour for the federal government even becaus [...]
Foreign exchange reserves surge to document $579.Three bn
By: ENS Financial Bureau | New Delhi |
December 13, 2020 2:55:19 [...]
Foreign exchange reserves slip off document excessive, at $574.eight bn for week ended November 27
By: ENS Financial Bureau | New Delhi |
Up to date: December 6, 2 [...]
In eight months, foreign exchange reserves rise by greater than $100 billion
Written by Sandeep Singh
, Sunny Verma
| Mumbai |
Up to [...]