India's exchange reserves rose by a robust $2.03 billion to $277.38 billion in the week ended September 20 on a healthy increase in the core currency assets, Reserve Bank said.
In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 200,000.
To be the first firm to take advantage of new RBI ruling.
India's foreign exchange reserves strengthened by $544.7 million to $275.35 billion on a healthy increase in the core currency assets in the week ended September 13.
The central bank's objective is to align the regulations for such loans with the tenure and end-use norms for external commercial borrowings in a bid to check foreign currency inflows.
Amid reports of corporates making losses on hedging forex products other than dollar, the Reserve Bank may soon come out with guidelines on forex derivatives, which is widely expected to discourage banks from trading in foreign currencies other than in rupee-dollar. "We are working on the guidelines of forex derivatives," an RBI spokesperson told PTI.
Bonds/papers of Tata Motors, Reliance, SBI, ICICI and others turn illiquid in international markets.
Following it negotiations with Ford Motors for the aquisition of Jaguar and Land Rover, Tata Motors has been put under credit watch.
The price has been cut 39 per cent to Rs 555.85 from Rs 908 per share originally after its request to redeem the bonds ahead of maturity was rejected by the Reserve Bank of India.
Hyderabad-based ICSA (India) is divesting 14 per cent of its stake to Citigroup Venture Capital International Growth Partnership Mauritius for $30 million
Low-cost carrier SpiceJet will receive about $65 million within a week as the second tranche of investment by US private equity firm WL Ross and Co and by Goldman Sachs.
Foreign currency assets shot up to $301.820 billion during the period, up $426 million from $301.394 billion, RBI said in its report in Mumbai on Friday. The FCAs expressed in dollar include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserve, RBI said.
Foreign exchange reserves declined $1.156 billion to $142.618 billion for the week ended November 4, according to the weekly supplement released by the RBI.
Foreign exchange reserves zoomed from a meagre $2.427 billion to $172.782 billion for the week ended November 24, according to the weekly statistical supplement released by the Reserve Bank of India on Saturday.
Foreign exchange reserves increased $678 million to $143.774 billion for the week ended October 28, 2005, according to the weekly supplement released by the RBI on Friday.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
Pharma company Lupin is looking at acquisitions abroad for its expansion plans this fiscal and has raised $100 million for the purpose.
Tata Consultancy Services on Monday announced the results for Q2 FY08. The net profit is up 22.8 per cent at Rs 1252 crore (Rs 12.52 billion).
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Foreign exchange reserves increased $1.558 billion to $143.148 billion for the week ended March 3
Foreign exchange reserves increased $350 million to $141.59 billion for the week ended February 24, according to the weekly supplement released by the Reserve Bank of India on Friday.\n
Indian foreign exchange reserves rose by $1.8 billion in the week ended June 20, 2008, to $312.48 billion. The increase in reserves was basically due to a hike in foreign currency assets, which grew by $1.78 billion to $302.74 billion, according to the Reserve Bank of India's weekly statistical supplement released.
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The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Foreign exchange reserves increased $2.146 billion to $139.352 billion for the week ended January 6, according to the weekly supplement released by the Reserve Bank of India.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
The country's foreign exchange reserves stood at $309.7 billion as at end-March 2008, up $110.5 billion over end-March 2007, making it the third largest stock of reserves among emerging market economies.
Foreign exchange reserves moved up $845 million to $143.943 billion for the week ended December 9, 2005, according to the weekly supplement released by Reserve Bank of India
Minister of Commerce & Industry Kamal Nath on Thursday announced a package of wide ranging measures to counter the negative impact of rupee appreciation on India's exports.
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
As many as 52 Indian companies raised money from external sources in October, of which $719.52 million was raised through automatic route for which no approval is required from the Reserve Bank of India or the government.
If you are travelling internationally in the next two months, it's a good time to exchange your currency.
India's foreign exchange reserves crossed $250-billion mark for the first time during the week ended October 5. Surging inflows of $ 3.568 billion swelled the reserves past the $250-billion mark at $ 251.330 billion. The reserves had increased to $ 247.762 billion due to a whopping $11.871-billion inflow during the week ended September 28.
Foreign exchange reserves increased $42 million to $143.059 billion for the week ended September 30, 2005, according to the weekly statistical supplement released by the RBI on Saturday.
Chetia had on Wednesday got bail in the last of the four cases against him paving the way for his release from the jail.
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