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 (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Also Read | Citigroup Layoffs: Banking Gia ...Read More >
NEW DELHI: Amid concerns over the recent moderation in net foreign direct investment (FDI) into India, Reserve Bank of India Governor Sanjay Malhotra on Friday sought to provide clarity, urging stakeholders to consider gross FDI figures instead, which present a more accurate picture of India's investment appeal. "While net FDI is important from a foreign exchange reserves management perspective, when it comes to understanding the investment landscape, gross FDI matters far more," Malhotra said ...Read More >
MUMBAI, June 6 (Reuters) - India's foreign exchange reserves (INFXR=ECI), opens new tab stood at $691.5 billion as of May 30, the governor of the country's central bank said on Friday, down $1.2 billion from the previous week and coming off near-eight month highs. The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024. "These (reserves) are sufficient to fund more than 11 months of goods imports and about 96% of external debt outstanding," Reserve ...Read More >
MUMBAI (Reuters) -India's foreign exchange reserves stood at $691.5 billion as of May 30, the governor of the country's central bank said on Friday, down $1.2 billion from the previous week and coming off near-eight month highs. The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024. "These (reserves) are sufficient to fund more than 11 months of goods imports and about 96% of external debt outstanding," Reserve Bank of India Governor Sanjay Malho ...Read More >
Bengaluru: A case was registered against RCB, event management firm DNA entertainment private limited, Karnataka State Cricket Association on Thursday in connection with the stampede near Chinnaswamy stadium here that claimed the lives of 11 people and injured 56, police said on Thursday. Following a complaint by a police inspector, the case was registered at Cubbon Park station, they said. In the FIR, RCB Franchise has been listed as accused 1, DNA entertainment private limited as accused 2 a ...Read More >
New Delhi, Jun 5 (PTI) Moody's Ratings will consider India-Pakistan conflict while evaluating India's rating, a source said. Representatives from the US-based rating agency on Thursday met India's finance ministry officials. Moody's currently has the lowest investment grade rating for India at "Baa3" with a stable outlook. "The rating agency will consider India-Pakistan conflict in its sovereign rating assessment," a source said. Last month, Moody's had said escalation of tensions between In ...Read More >
Mumbai, Feb 7 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said India can certainly achieve over 7 per cent growth rate and the nation should aspire for that. The Reserve Bank of India (RBI) in its bi-monthly monetary policy has projected 6.7 per cent growth for financial year 2025-26, up from 6.4 per cent estimated for the current fiscal. "I would like to stick my neck out and say that, certainly India can achieve a 7 per cent and plus growth rate. We should certainly aspire for that ...Read More >
NEW DELHI, Jan. 13 (Xinhua) -- Indian currency Rupee's value fell steeply on Monday taking it to over 86.60 against the U.S. dollar, described as the lowest ever. An online report by "The Indian Express" quoted market analysts as saying that the country's central bank the Reserve Bank of India (RBI) had allowed the fall in Rupee's exchange rate versus the dollar amid dwindling forex reserves and declining emerging market currencies. "The Rupee logged its steepest single-day fall in nearly two ...Read More >
New Delhi [India], December 15 (ANI): CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year. For the next financial year, 2025-26, it pegged India's GDP growth at 6.7 per cent, in a webinar held on Economic and Sector Outlook for 2025. Despite global uncertainties, CareEdge Ratings asserted that India will continue to hold steady in 2025. The R ...Read More >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign c ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.