Experts though feel that it would be a tough task as current account deficit may further go up to more than 3 per cent of the GDP in the current financial year.
The fall in the reserves was mainly attributed to fall in foreign currency assets (FCA).
Snapping its two-day losing streak, the rupee rose by 8 paise to close at 76.56 against the US dollar on Tuesday following a rebound in regional currencies and expectations of foreign fund flows as the LIC IPO is likely to hit markets early in May.
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 […]
Mumbai: India’s foreign exchange (Forex) reserves declined by $443.6 million as on May 12, 2017. The Reserve Bank of India’s weekly statistical supplement released on Friday showed that the overall Forex reserves decreased to $375.27 billion from $375.71 billion reported for the week ended May 5. India’s Forex reserves comprise of foreign currency assets (FCAs), gold, […]
Mumbai: The rupee today weakened 10 paise to 64.68 against the dollar in early session as demand for the American unit from importers and banks picked up. Other than the demand surge, the dollar stayed ahead of the curve against a few currencies overseas that pushed down the rupee. It was domestic equities with a […]
Mumbai: The rupee weakened by 13 paise to 64.57 against the US dollar in early trade on increased month-end demand for the American currency from importers and banks. Forex dealers said the US dollar’s gain against other currencies overseas and a lower opening of the domestic equity market put pressure on the rupee. The rupee […]
Mumbai: The rupee appreciated by another 7 paise to 64.55 against the dollar in early trade today at the Interbank Foreign Exchange amid sustained selling of the American currency by exporters and banks. Forex dealers said that apart from weakness in the dollar against some currencies overseas, increased foreign fund inflows and a higher opening […]
Mumbai: The rupee recouped sharply by 24 paise to 64 against the US dollar in early trade today on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market. Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. Further, a higher […]
The foreign exchange reserves rose by a hefty USD 5.038 billion to USD 303.673 billion in the week to March 28, on a surge in currency assets, the Reserve Bank said on Saturday
Foreign exchange reserves continued their rally for the fourth consecutive week, swelling by USD 1.35 billion to USD 298.64 billion on a surge in currency assets even though the reserve position with the IMF slid heavily, the Reserve Bank said on Saturday
India's foreign exchange reserves increased by $1.38 billion to $341.37 billion for the week ended March 27, the Reserve Bank of India (RBI) data showed on Friday
After a marginal pick up last week, India's foreign exchange reserves fell sharply by USD 1.208 billion to USD 292.08 billion for the week to Janaury 17 on the back of drop in core currency assets, RBI said on Friday
India's foreign exchange reserves have risen to $328.7 billion at the end of January 2015, said the Economic Survey 2014-15 which was tabled in the Parliament today
Mumbai: All major markets, including BSE, National Stock Exchange, forex, money, bullion and other commodity markets, will remain closed Wednesday on account of Mahavir Jayanti .