News for 'foreign-currency'

Forex reserves dip by $2.59 bn to $399.66 bn

Forex reserves dip by $2.59 bn to $399.66 bn

Rediff.com9 Oct 2017

Gold reserves remained unchanged at $20.691 billion.

Pak PM owns assets worth over Rs 10 cr; but has no car

Pak PM owns assets worth over Rs 10 cr; but has no car

Rediff.com3 Jul 2019

The Election Commission of Pakistan (ECP) on Tuesday publicly released the details of assets of key politicians, including that of Prime Minister Khan.

Another rating downgrade, Fitch revises India's outlook to negative

Another rating downgrade, Fitch revises India's outlook to negative

Rediff.com18 Jun 2020

Fitch expected economic activity to contract by 5 per cent in FY21 due to the strict lockdown measures imposed since March 25, before rebounding by 9.5 per cent in FY22.

Forex reserves at all-time high of $354 bn

Forex reserves at all-time high of $354 bn

Rediff.com22 May 2015

The gold reserves remained stable at $19.335 billion.

India's forex reserves up at $316.311 bn

India's forex reserves up at $316.311 bn

Rediff.com5 Dec 2014

The country's reserves surged by $1.432 billion to $316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed on Friday.

Chinese central bank hikes stake in HDFC to 1.01%

Chinese central bank hikes stake in HDFC to 1.01%

Rediff.com12 Apr 2020

People's Bank of China's holding in HDFC stood at 1,74,92,909 equity shares, accounting for 1.01 per cent of the share capital of the company as of March-end, as per exchange data.

Goyal focuses on exports, industry growth

Goyal focuses on exports, industry growth

Rediff.com8 Jun 2019

Work on a dozen decisions to start by next week.

Lanka Opposition rejects President's invitation to join unity govt

Lanka Opposition rejects President's invitation to join unity govt

Rediff.com4 Apr 2022

President Gotabaya Rajapaksa on Monday fired Basil Rajapaksa from his post and invited the Opposition parties to join a unity Cabinet to tackle the raging public anger against the hardships caused by the economic crisis.

Amid calls to quit, Gotabaya agrees to curb his powers

Amid calls to quit, Gotabaya agrees to curb his powers

Rediff.com12 May 2022

Sri Lanka's embattled President Gotabaya Rajapaksa, under immense pressure from the public and the Opposition to quit over the island nation's worst economic crisis, said on Thursday that the abolition of the executive presidency, a move that will curb his powers, will be considered by Parliament.

RBI caps lending limits of NBFCs to bring them on par with banks

RBI caps lending limits of NBFCs to bring them on par with banks

Rediff.com20 Apr 2022

In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.

Foreigners no longer need PAN for investment in GIFT AIFs

Foreigners no longer need PAN for investment in GIFT AIFs

Rediff.com6 May 2021

The government has been in discussions to promote such international financial services centres within India as alternatives to places like Singapore.

India's forex reserves up at $315.55 billion

India's forex reserves up at $315.55 billion

Rediff.com21 Nov 2014

The country's forex reserves rose by $419.4 million to $315.551 billion in the week to November 14, driven by a rise in foreign currency assets.

Forex reserve up $60.5 mn to $319 bn

Forex reserve up $60.5 mn to $319 bn

Rediff.com6 Sep 2014

The foreign currency assets rose by $75 million to $291.39 billion

India's foreign exchange reserves fell by $1.98 billion

India's foreign exchange reserves fell by $1.98 billion

Rediff.com31 Oct 2015

During the week gold reserves stood unchanged at $18.15 billion.

Forex reserves surge by $58.38 bn in H1

Forex reserves surge by $58.38 bn in H1

Rediff.com28 Oct 2021

The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.

RBI leaves repo rate unchanged at 4% for 7th time in a row

RBI leaves repo rate unchanged at 4% for 7th time in a row

Rediff.com6 Aug 2021

The Reserve Bank of India on Friday decided to keep the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of the second Covid wave.

India's forex continues to shrink, declines by $3 billion again

India's forex continues to shrink, declines by $3 billion again

Rediff.com11 Sep 2015

Reserves had touched an all-time high of $355.46 billion in the week to June 19.

'Farmers are not enjoying any freedom'

'Farmers are not enjoying any freedom'

Rediff.com15 Aug 2022

'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'

India's forex reserves down by $768.4 mn

India's forex reserves down by $768.4 mn

Rediff.com29 Jun 2012

Over $2 billion were added to the total reserves in the previous reporting week.

India's forex reserves down by $1.228 bn to $361.943 bn

India's forex reserves down by $1.228 bn to $361.943 bn

Rediff.com15 Jul 2016

Last week, the forex reserves had surged by $2.374 billion to $363.171 billion.

India's forex reserves up $2.37 bn at $363.17 bn

India's forex reserves up $2.37 bn at $363.17 bn

Rediff.com8 Jul 2016

In the previous week, the reserves had fallen by $3.028 billion to $360.797 billion.

Mahinda under protection at naval base amid protests

Mahinda under protection at naval base amid protests

Rediff.com11 May 2022

Mahinda Rajapaksa, along with his wife and family, fled his official residence -- Temple Trees -- and took shelter at the naval base in Trincomalee.

Gold smugglers locked down, no seizure in April

Gold smugglers locked down, no seizure in April

Rediff.com6 May 2020

Custom authorities have been keeping strict vigil on the cargo movements from Bhutan, Taiwan, China, Afghanistan, South Korea Japan, and Dubai since January.

Moody's downgrades India's rating to 'Baa3'

Moody's downgrades India's rating to 'Baa3'

Rediff.com1 Jun 2020

The negative outlook reflects dominant, mutually-reinforcing, downside risks from deeper stresses in the economy and financial system that could lead to a more severe and prolonged erosion in fiscal strength than Moody's currently projects, the agency said.

Forex reserves plunge by $4.67 billion

Forex reserves plunge by $4.67 billion

Rediff.com23 Dec 2011

The gold reserves remained unchanged at $28.041 billion, the apex bank said.

Mother Teresa's charity requested bank account freeze: Govt

Mother Teresa's charity requested bank account freeze: Govt

Rediff.com27 Dec 2021

The Ministry of Home Affairs on Monday said the Missionaries of Charity's application for renewal of the Foreign Contribution (Regulation) Act (FCRA) registration was refused on December 25 for not meeting eligibility conditions as some adverse inputs were received.

India's forex reserves rise to $286.26 bn

India's forex reserves rise to $286.26 bn

Rediff.com30 Nov 2013

The forex reserves rose for the third consecutive week, surging by a robust $2.691 billion to $286.26 billion on a healthy jump in foreign currency assets, the Reserve Bank said.

Bonanza for overseas Indian investors; ODI norms to be eased

Bonanza for overseas Indian investors; ODI norms to be eased

Rediff.com27 Aug 2020

The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.

Forex reserves fall $1.12 billion to $276.26 billion

Forex reserves fall $1.12 billion to $276.26 billion

Rediff.com4 Oct 2013

The reserves had jumped $2.03 billion to $277.38 billion in the previous week.

Forex reserves down by $231 mn to $363.23 bn

Forex reserves down by $231 mn to $363.23 bn

Rediff.com17 Jun 2016

The marginal decline in reserves was on account of fall in foreign currency assets

India's forex reserves up by $6.70 billion

India's forex reserves up by $6.70 billion

Rediff.com8 Jul 2011

The country's forex reserves jumped by $6.70 billion to $315.72 billion on the back of sharp increase in the foreign currency assets, the Reserve Bank of India said on Friday.

India's forex reserves drop to $299.17 billion

India's forex reserves drop to $299.17 billion

Rediff.com4 Feb 2011

The country's foreign exchange reserves dipped by $223 million to $299.17 billion driven by a drop in its foreign currency assets.

Forex reserves drop by $24.02 bn to $400.52 bn in Apr-Sep

Forex reserves drop by $24.02 bn to $400.52 bn in Apr-Sep

Rediff.com30 Nov 2018

The apex bank held 586.44 tonne of gold as on September 30, of which 294.14 tonne are held overseas in safe custody with the Bank of England and the Bank for International Settlements, while the remaining gold is held domestically

India's forex reserves dive to $275.5 bn

India's forex reserves dive to $275.5 bn

Rediff.com6 Sep 2013

India's foreign exchange reserves declined by a huge $2.23 billion to $275.49 billion on a sharp dip in the foreign currency assets, the Reserve Bank said on Friday.

India's forex reserves down $287.5 mn

India's forex reserves down $287.5 mn

Rediff.com3 Jan 2015

For the week under review, Special Drawing Rights fell by $ 13 million to $4.19 billion, while India's reserve position with the International Monetary Fund was down $3.5 million to $1.14 billion.

RBI's balance sheet rises 6.99% for nine months to March 2021

RBI's balance sheet rises 6.99% for nine months to March 2021

Rediff.com27 May 2021

The size of the Reserve Bank's balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy and reserve management, has increased by 6.99 per cent during the nine-month period ended March 31, 2021. While income for the year decreased by 10.96 per cent, the expenditure decreased by 63.10 per cent, as per the RBI's Annual Report for 2020-21. The year ended with an overall surplus of Rs 99,122 crore as against Rs 57,127.53 crore in the previous year, representing an increase of 73.51 per cent, it added.

India's forex reserves up $2.263 billion to $353.069 billion

India's forex reserves up $2.263 billion to $353.069 billion

Rediff.com16 Oct 2015

The gold reserves remained unchanged at $18.151 billion.

India's forex reserves drop to $282.7 bn

India's forex reserves drop to $282.7 bn

Rediff.com20 Aug 2010

India's foreign exchange reserves declined by $4.56 billion to $282.79 billion for the week ended August 13, as against $287.35 billion the previous week due to a heavy dent in foreign currency assets.

20 countries with the largest foreign exchange reserves

20 countries with the largest foreign exchange reserves

Rediff.com25 Apr 2013

Forex reserves include a country's gold holdings and convertible foreign currencies held in its banks, including special drawing rights and exchange reserve balances, with the International Monetary Fund.

Forex reserves set to top $655 bn by Mar

Forex reserves set to top $655 bn by Mar

Rediff.com23 Aug 2021

As the central bank continues to increase forex reserves by running down the forward book which totalled $42 billion as of end-July, signalling its strong resolve to build a bigger reserve cushion to aid its expansionary, unorthodox monetary policy, the reserves are set to top the $655-billion-mark by March, according to a report. The forex kitty declined by $2.10 billion to $619.36 billion for the week to August 13 due to a fall in the core currency assets and gold, showed the latest RBI data. The reserves had risen to a lifetime high of $621.46 billion in the previous reporting week ending August 6.