foreign exchange reserves

India becomes world’s 4th largest forex holder as reserves hit record $785.7 billion
Business

India becomes world’s 4th largest forex holder as reserves hit record $785.7 billion

India has become the world’s fourth-largest holder of foreign exchange reserves, after a record surge in dollar inflows linked to…
Rupee Surges 67 Paise to Two-Month High as FCNR-B Inflows Beat Expectations
Business

Rupee Surges 67 Paise to Two-Month High as FCNR-B Inflows Beat Expectations

The Indian rupee surged 67 paise to a two-month high against the US dollar on Thursday and logged its biggest…
Banks Raise $72.8 Billion in Forex Inflows as FCNR(B) Deposits Hit $65.4 Billion
Business

Banks Raise $72.8 Billion in Forex Inflows as FCNR(B) Deposits Hit $65.4 Billion

The Reserve Bank of India (RBI) on Saturday said authorised dealer banks have raised $72.848 billion in forex inflows till…
Nirmala Sitharaman Explains How India Managed West Asia Crisis Economic Impact
Business

Nirmala Sitharaman Explains How India Managed West Asia Crisis Economic Impact

Finance Minister Nirmala Sitharaman has explained how India successfully managed the West Asia crisis economic impact, enabling the country to…
RBI FCNR-B Deposit Scheme Boosts NRI Deposits as Banks See Higher Overseas Fund Inflows
Business

RBI FCNR-B Deposit Scheme Boosts NRI Deposits as Banks See Higher Overseas Fund Inflows

Banks have registered a gradual increase in the flow of overseas funds after the rollout of the RBI FCNR-B deposit…
India’s forex reserves surge to all-time high of $728.49 billion
Business

India’s forex reserves surge to all-time high of $728.49 billion

India’s foreign exchange reserves surged by $4.885 billion to an all-time high of $728.494 billion in the week ended February…
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