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Tag: Foreign Exchange

India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury
India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury

The Reserve Bank of India (RBI) reduced its policy rate 115 basis points over the first half of 2020, and it has remained at four percent since May 2020.

India-INX
India International Exchange Daily Turnover Volume Crosses Record $4.92 Billion

Mumbai: The India International Exchange (India INX) has witnessed an all-time-high turnover of over $4.92 billion or nearly Rs 36,866 crore on its derivative segment in daily trading turnover on last Friday. Accordingly, trading volume on the BSE‘s India International Exchange has grown exponentially since the commencement of trading activities on January 16, 2017. “Its […]

Tabaco
Tobacco sector major contributor to Indian economy: Study

New Delhi: A recent study has shown that the tobacco sector is one of the highest contributors to the Indian economy with a total economic value generation of Rs 11,79,498 crore. According to a study by the Thought Arbitrage Research Institute (TARI) shared with the industry body Assocham and released on Wednesday, “tobacco contributes a […]

Rupee
Rupee rallies 24 paise to 69.10 vs USD on robust foreign inflows

Mumbai: Rising for the fifth straight session, the rupee Friday jumped 24 paise to close at 69.10 against the US dollar on sustained foreign fund inflows and heavy buying in domestic equities. Forex traders said the dollar’s weakness against its key rivals overseas and easing crude prices strengthened the market sentiment domestically. At the Interbank […]

reserve-bank
India's forex reserves up $2.68 bn

Mumbai: India’s foreign exchange (forex) reserves rose by $2.68 billion during the week ended January 4, official data showed on Friday. According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the overall forex reserves increased to $396.08 billion from $393.40 billion reported for the week ended December 28. India’s forex reserves comprise Foreign […]

rbi
India's forex reserves down by over $613 mn

Mumbai: India’s foreign exchange (forex) reserves depleted by $613.9 million during the week ended December 14, official data showed on Friday. According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the overall forex reserves decreased to $393.12 billion from $393.73 billion reported for the week ended December 7. India’s forex reserves comprise foreign […]

Forex reserves up by USD 568.9 mn to USD 393.58 bn

Mumbai: The country’s foreign exchange reserves rose by USD 568.9 million to USD 393.580 billion in the week to November 16, mainly due to a spurt in foreign currency assets, according to RBI data. In the previous week, reserves had declined by USD 121.2 million to USD 393.01 billion. In the reporting week, foreign currency […]

MC1
Forex reserves comfortable to counter rupee fall, says Jaitley

New Delhi: A day after the rupee fell to its record low, Union Minister Arun Jaitley said on Wednesday that India holds sufficient foreign exchange reserves to mitigate any undue volatility in the foreign exchange market. Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its […]

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