May touch 64/$ due to foreign flows slowing down
Accretion to India's foreign exchange reserves showed a lower growth of $6.6 billion in the first half ended September 2004, against a rise of $16.2 billion in April-September 2003.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
Reserve Bank of India governor Bimal Jalan said the country would have no problems in meeting its oil bill in the event of a war in Iraq.
India's foreign exchange reserves showed a dip for the first time in several weeks after the government repaid $3.04 billion of loans in advance to multilateral agencies in the last week of February.
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion
Robust trade flows and remittances by expatriates helped India's foreign exchange reserves rise for the 15th straight week to a record high, analysts said after the central bank released the latest data on Saturday.
The rupee's rise against the dollar was not hurting exports but the government was looking at ways to use rising foreign exchange reserves, a senior union minister said on Friday.\n\n\n\n
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
The government will move fast towards a more liberal forex regime in the backdrop of a record foreign exchange reserves of 68 billion dollar and fresh inflow of $500 million a week, Finance Minister Jaswant Singh said.
The rupee ended at 59.18 compared with previous close of 59.33 to the dollar.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Senior Congress leader and former finance minister P Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeting inflation, says B Prasanna.
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
Top 10 debtor countries owe 86% of total IMF loans
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Finance Minister P Chidambaram will woo foreign investors to invest in India as he begins his nine-day visit to the US on Tuesday.
India's foreign exchange reserves declined by $685.1 million to $274.81 billion in the week ended August 30 due to a dip in the foreign currency assets, the Reserve Bank said.
India's current account deficit (CAD) will be contained at USD 45 billion this financial year, well below the record high level of 2012-13, Finance Minister P Chidambaram said on Monday.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
The macro-economic situation has been brought under control: Godrej.
Non-performing loans in the Chinese banking system stood at RMB 1.27 trillion at the end of 2015.
Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
Pratip Chaudhuri said such bonds might expose issuing entities (banks) to class action suits in the US for making an offer to a specific ethnic group in that country.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
'By treating Nepali politicians as shabby buffoons to be pampered one day and collared another day, India badly exposed itself.' 'A belief got entrenched in the Nepalese mind that we are a dangerous neighbour,' observes Ambassador M K Bhadrakumar.
Friday's US data showed addition of 173,000 jobs in August.
Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
We only correct the volatility of the rupee, he said.
The rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
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