Stay updated with the latest foreign-exchange-reserves news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on foreign-exchange-reserves topics.
Mumbai, Oct 3 (PTI) India's forex reserves dropped by USD 2.334 billion to USD 700.236 billion during the week ended September 26, according to the RBI data on Friday. In the previous reporting week, the kitty had declined by USD 396 million to USD 702.57 billion. For the week ended September 26, foreign currency assets, a major component of the reserves, decreased by USD 4.393 billion to USD 581.757 billion, the data released by the RBI showed. Expressed in dollar terms, foreign currency ass ...Read More >
New Delhi: The Reserve Bank of India (RBI), on Wednesday, announced several measures to help exporters tide over challenges posed by the imposition of 50% tariffs by the US. These include reduced paperwork and compliance burden for small exporters and importers. "The export sector is a vital part of India's economy," RBI governor Sanjay Malhotra said while announcing steps to further strengthen the sector and enhance ease of doing business for traders. Extension of the time period for repatria ...Read More >
New Delhi [India], September 30 (ANI): India's external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday. The data shows that the external debt to GDP ratio moderated slightly to 18.9 per cent at end-June 2025 from 19.1 per cent at end-March 2025. Also Read | School Assembly News Headlines Today, 1 October 2025: Check and Read Impor ...Read More >
New Delhi [India], September 29 (ANI): The third edition of the Uttar Pradesh International Trade Show 2025 concluded successfully at India Expo Centre in Noida, setting new records in participation and business engagement, said Rakesh Kumar, Chairman of India Expo Centre & Mart, on Monday. "This edition set a record with 2,250 exhibitors from Uttar Pradesh showcasing products across large, medium, small sectors, and ODOP CM youth categories," Kumar told ANI at the sidelines of the event. He sa ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 3 paise at 88.75 against the US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meeting outcome on October 1, is expected to ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
Lucknow: Describing Uttar Pradesh as unstoppable, Union minister for commerce and industry Piyush Goyal on Monday said that Uttar Pradesh International Trade Show (UPITS) was a mirror of not only UP's economic, industrial, and cultural capabilities but also speaks for India.Speaking at the closing ceremony of the show, Goyal called upon citizens to use Swadeshi products and promote entrepreneurship. He also asked them to take a collective pledge to achieve the goal of Developed India 2047. Refer ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
Greater Noida: The third edition of the Uttar Pradesh International Trade Show (UPITS 2025) concluded on Monday with a grand closing ceremony. Union Commerce and Industry Minister Piyush Goyal, the chief guest on the final day, congratulated the Uttar Pradesh government on the event's resounding success. He noted, "UPITS reflects the economic, industrial, and cultural potential not only of the state but of India as a whole." He urged a collective commitment to promote indigenous products, encour ...Read More >
New Delhi [India], September 29 (ANI): Union Minister of Commerce & Industry, Piyush Goyal, said the UP International Trade Show has provided a vital platform for MSMEs, women entrepreneurs, swadeshi products, and export-oriented units. Calling the event a true amalgamation of "vocal for local" and "local goes global," he urged all stakeholders to commit to using swadeshi products and ensure that GST benefits flow directly to consumers, thereby promoting inclusive growth for all, as per a gover ...Read More >
New Delhi, Sep 29: India is in discussions with the US, the EU, New Zealand, Oman, Peru and Chile for free trade agreements (FTAs), while Qatar and Bahrain have also expressed interest, Commerce Minister Piyush Goyal said on Monday. India Already Has FTAs with UAE, Australia, UK The FTA with the EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), which was finalised in March 2024, will come into effect from October 1, Goyal added. The minister informed that the developed nations ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meetin ...Read More >
Mumbai, Sep 29 (PTI) Rupee rises 3 paise to 88.69 against the US dollar in early trade on Monday, tracking positive Asian currencies and weakness of the American currency in the overseas market. Forex traders said the rupee is trading in a tight range as it remains under pressure influenced by continued capital outflows and geo-political developments. Moreover, the RBI policy meeting outcome on October 1, is expected to influence the rupee and government bond movements. At the interbank forei ...Read More >
Mumbai: India's forex reserves dropped by $396 million to $702.57 billion for the week ended September 19, according to the RBI data. In the previous reporting week, the overall reserves had jumped by $4.698 billion to $702.966 billion. For the week ended September 19, foreign currency assets, a major component of the reserves, decreased by $864 million to $586.15 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciati ...Read More >
New Delhi, Sep 26 (PTI) The ties between India and Sri Lanka have reached a point of "unprecedented excellence" since President Anura Kumara Dissanayake's visit to India and Prime Minister Narendra Modi's visit to Sri Lanka, the island nation's envoy Mahishini Colonne said on Friday. Interacting with PTI Videos on the sidelines of an event here, she said Sri Lanka is on the "path of recovery", the economy has been stabilised, and necessary structural reforms have been brought in to sustain it. ...Read More >
The dip marks a reversal from last week. Reserves had risen by $4.698 billion to $702.966 billion in the week ended Sept 12. India's foreign exchange reserves fell by $396 million to $702.57 billion for the week ended September 19, according to Reserve Bank of India (RBI) data released on Friday. In the previous week, reserves had risen by $4.698 billion to $702.966 billion. Foreign currency assets, the largest component of the reserves, declined by $864 million to $586.15 billion. The figure ...Read More >
Mumbai, Sep 26 (PTI) India's forex reserves dropped by USD 396 million to USD 702.57 billion for the week ended September 19, according to the RBI data. In the previous reporting week, the overall reserves had jumped by USD 4.698 billion to USD 702.966 billion. For the week ended September 19, foreign currency assets, a major component of the reserves, decreased by USD 864 million to USD 586.15 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets ...Read More >
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it's a gradual shift. "It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade," he said, adding that the move was steady but not yet large-scale.Govt and RBI have been working on internationalisation of the rupee to protect forex reserves and ensure ene ...Read More >
Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a FED rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a hig ...Read More >
Mumbai: The rupee witnessed range-bound trading in morning deals on Monday and depreciated 4 paise to 88.30 against the US dollar, as tariff-led pressure on India's exports weighed on investor sentiments. Forex traders said the rupee traded in a tight range as it is caught between worries over US trade tariffs, persistent foreign portfolio outflows, and hopes of a US rate cut. At the interbank foreign exchange market, the rupee opened at 88.25, then lost ground and touched a low of 88.30 again ...Read More >
New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ... New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to USD 698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.' The country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billi ...Read More >
Mumbai, Sep 12 (PTI) The Indian rupee recovered from all-time lows and settled for the day higher by 9 paise at 88.26 against the US dollar on Friday, on weakness in the US dollar index and positive domestic markets. Forex traders said the domestic unit traded in a tight range and hovered around its all-time low level as tariff-led pressure on India's exports and sustained foreign fund outflows dented investors sentiments. At the interbank foreign exchange, the domestic unit opened at 88.39 an ...Read More >
New Delhi, Sep 12: India's foreign exchange reserves increased by $4.03 billion to touch $698.26 billion for the week ending September 5, according to data released by the Reserve Bank of India (RBI) on Friday. This comes after reserves had already risen by $3.51 billion in the previous week, taking the total to $694.2 billion as of August 29. Foreign Currency Assets Increase The RBI data showed that foreign currency assets (FCAs), the largest part of the reserves, went up by $540 million to ...Read More >
Mumbai, Sep 5 (PTI) India's forex reserves jumped by USD 3.51 billion to USD 694.23 billion for the week ended August 29, the RBI said on Friday. The overall reserves had dropped by USD 4.386 billion to USD 690.72 billion in the previous reporting week. For the week ended August 29, foreign currency assets, a major component of the reserves, increased by USD 1.686 billion to USD 583.937 billion, the latest data showed. Expressed in dollar terms, the foreign currency assets include the effect ...Read More >
Mumbai: India's current account reversed to a deficit in the April-June quarter on the back of a higher merchandise trade deficit, the Reserve Bank of India said in a statement on Monday. The current account deficit (CAD) stood at $2.4 billion, or 0.2 per cent of GDP, in the first quarter of the fiscal year 2025-26, compared with a surplus of $13.5 billion, or 1.3 per cent of GDP, in the preceding quarter. CAD is a measurement of a country's trade where the value of the goods and services it im ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
MUMBAI, Aug 14 (Reuters) - India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee fr ...Read More >
MUMBAI (Reuters) -India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee from slippi ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
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