The capital flows have remained volatile in this financial year so far, and are lower than those in the corresponding period of 2007-08. This was mainly because of foreign institutional investors outflows of $7.3 billion till October 10 in FY09 in contrast to net inflows of $18.9 billion in the year-ago period, according to the central bank's report on macro-economic and monetary developments.
Both India and China talk now of self-reliance when their external trade, in relation to GDP, has been falling for some years, points out T N Ninan.
'In macroeconomic policy, timing is all, and by leaving things too late, Mr Modi may have made around 50 seats in the Lok Sabha highly vulnerable,' says T C A Srinivasa Raghavan.
India's foreign exchange reserves surged by $1.26 billion to $292.33 billion in the week ended February 7 on the back of a healthy increase in the currency assets, the Reserve Bank said.
The government should set up a dedicated fund to rescue Indian agriculture.
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 $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
India's foreign exchange reserves fell for the next time in a row by $2.58 billion to $ 252.18 billion in the week ended January 16, 2009 mainly due to revaluation of foreign currency and heavy pullout by the foreign institutional investors.
India's foreign exchange reserves declined for the second consecutive week to $295.50 billion, down $12.6 million, in the week ended December 20, the Reserve Bank said.
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.
The sales of construction companies are expected to rise in the current quarter and financial year on the back of strong order books and increased activity in infrastructure.
The 5-nation BRICS group on signed an agreement to create a $100 billion pool of foreign-exchange reserves to help each other.
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
The Reserve Bank has given an in-principle nod to invest $5 billion of foreign exchange reserves annually in infrastructure projects through two subsidiaries of India Infrastructure Finance Company.India's forex reserves stood at $266.52 billion as on November 2 and experts believe that they should be utilised at least for financing infrastructure projects.
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.
The rupee, which has been in virtual free fall over the past few days, recovered slightly to close at Rs 83.20 to the dollar in the inter-bank market after State Bank of Pakistan intervened by selling about USD 40 million in the foreign exchange market. Experts have attributed the fall of the rupee's value to speculation as well as a high demand for dollars from importers and general consumers.
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.
In the wake of the Chinese war, it was felt in some circles that it would be feasible to make a frontal attack on demand for gold in India. Accordingly, the Gold Control Order 1962 was issued, banning the making and selling of jewellery above 14 carats, making it compulsory for gold smiths to be licensed and submit accounts of all gold received and utilized by them etc., The measures met with lot of resistance and criticism.
India's stock market is still ruling only marginally lower than a month ago.
India's foreign exchange reserves shot up for a third week in a row, adding a healthy $1.9 billion to touch $281.12 billion in the week to October 18 on account of growth in a key component, the Reserve Bank said.
India's foreign exchange reserves are at a record high of $214.83 billion. Considering this rapid rise in country's forex reserves, the need to gauge adequacy of reserves has gained importance, said the RBI in its report on foreign exchange.
The reserves had dipped by $1.12 billion in the previous reporting week.
Foreign exchange reserves moved up $771 million to $89.327 billion in the week ended September 26, 2003 when compared with $88.556 billion in the previous week, according to the weekly supplement released by the RBI on Saturday.
Foreign exchange reserves increased $452 million to $140.429 billion for the week ended February 10, 2006, according to the weekly statistical supplement released by the Reserve Bank of India on Friday.
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.
Reserves had touched an all-time high of $355.46 billion in the week to June 19.
The amount involved is just 3.6 per cent of our forex reserves and the gains to be made are huge -- not to try the idea would be foolhardy.
Foreign exchange reserves declined $701 million to $165.094 billion for the week ended August 11, 2006 when compared with the previous week, according to the weekly supplement released by the RBI on Friday.
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.
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 declined by $339 million to $143.096 billion for the week ended October 21 from $143.435 billion in the previous week, according to the weekly supplement released by the RBI.
The foreign currency assets increased by $1.808 billion to stand at $224.870 billion as against $223.062 billion in the previous week, the Reserve Bank data stated.
Foreign exchange reserves increased $294 million to $143.353 billion for the week ended October 7, 2005, according to the weekly supplement released by the Reserve Bank of India on Saturday.
India's foreign exchange reserves shot up by $960.2 million to $280.17 billion on the back of a healthy rise in currency assets in the week ended July 26, Reserve Bank said.
The Indian establishment in New Delhi is giving Putin's visit due importance.
India's foreign exchange reserves touched $301.23 billion by the end of February 2008. Over $102 billion have been added to the reserves since the beginning of the financial year (April 2007) due to huge capital flows, and remittances as well as weakening of dollar. The reserves stood at $294.61 billion at the end of February 22, 2008. The forex kitty swelled by $6.62 billion, amongst the largest accretion to reserves in a span of a week.
The country's foreign exchange reserves dipped by $0.985 billion to $279.20 billion, the Reserve Bank said on Friday.
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