News for 'gold reserves'

Forex reserves jump by $2.76 bn to $632.95 bn

Forex reserves jump by $2.76 bn to $632.95 bn

Rediff.com25 Feb 2022

The country's foreign exchange reserves increased by $2.76 billion to $632.95 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by $1.76 billion to $630.19 billion. During the reporting week, the rise in overall reserves was on account of an increase in the foreign currency assets (FCA), a major component of the overall reserves, the Reserve Bank of India's (RBI) weekly data released on Friday showed.

Chauthi At The Someshwars

Chauthi At The Someshwars

Rediff.com26 Aug 2025

Bewitching fragrances and a symphony of sounds would herald the arrival of Chauthi in the Someshwar home.

Forex reserves down by $4.53 bn to $629.75 bn

Forex reserves down by $4.53 bn to $629.75 bn

Rediff.com4 Feb 2022

The country's foreign exchange reserves declined by $4.53 billion to stand at $629.75 billion in the week ended January 28, RBI data showed on Friday. In the previous week ended January 21, the reserves had decreased by $678 million to $634.29 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.

Forex reserves rise $6.30 bn to $584.75 bn

Forex reserves rise $6.30 bn to $584.75 bn

Rediff.com14 Apr 2023

India's forex reserves increased by $6.31 billion to $584.76 billion for the week ended April 7, the RBI said on Friday. In the last reporting week, the forex kitty snapped a two-week rising trend to decline by $329 million to 578.45 billion. It can be noted that in October 2021, the country's forex kitty reached an all-time high of $645 billion.

Forex reserves fall $7.54 bn to $572.71 bn

Forex reserves fall $7.54 bn to $572.71 bn

Rediff.com22 Jul 2022

The country's foreign exchange reserves declined by $7.541 billion to $572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb the fall of the rupee. In the previous week ended July 8, the reserves shrunk by $8.06 billion to $580.25 billion, the Reserve Bank of India (RBI) data showed on Friday. On Friday, the rupee fell by 5 paise to close at 79.90 against the US dollar.

Ranya Rao case: ED raids institutions linked to K'taka home minister

Ranya Rao case: ED raids institutions linked to K'taka home minister

Rediff.com21 May 2025

The Enforcement Directorate (ED) on Wednesday searched locations in Karnataka, including educational institutions linked to state Home Minister G Parameshwara, as part of a probe into alleged gold smuggling-linked money laundering case against Kannada actor Ranya Rao and others. The ED sources said an educational trust is suspected to have "diverted" funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of an influential individual. The sources claimed the trust is linked to Parameshwara and the "influential" individual is a politically exposed person. The searches found there were no supporting vouchers or documentation to "substantiate" this payment (for credit card bill payment), they said.

Gold Crash: Should You Invest Now?

Gold Crash: Should You Invest Now?

Rediff.com24 Jul 2024

'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'

RBI directs gold loan providers to review policies and practices

RBI directs gold loan providers to review policies and practices

Rediff.com1 Oct 2024

The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.

Foreign exchange reserves decline to $570.74 bn

Foreign exchange reserves decline to $570.74 bn

Rediff.com19 Aug 2022

The country's foreign exchange reserves fell $2.238 billion to $570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous week ended August 5, the foreign exchange reserves declined $897 million to $572.98 billion. The fall in the reserves in the reporting week ended August 12 was on account a decline in the Foreign Currency Assets (FCA), a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI on Friday.

Opting For A Gold Loan? Read This

Opting For A Gold Loan? Read This

Rediff.com23 Aug 2024

Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.

Forex reserves up by $2.23 bn to $634.96 bn

Forex reserves up by $2.23 bn to $634.96 bn

Rediff.com21 Jan 2022

The country's foreign exchange reserves grew by $2.23 billion to $634.96 billion in the week ended January 14, RBI data showed. In the previous week ended January 7, the reserves had declined by $878 million to $632.74 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.

Forex reserves down $691 mn to $562.81 bn

Forex reserves down $691 mn to $562.81 bn

Rediff.com30 Dec 2022

India's forex reserves dropped by $691 million to $562.808 billion as of December 23, making it the second consecutive week of decline in the kitty, according to the RBI data. The overall reserves had dropped by $571 million to $563.50 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty. In October 2021, the country's foreign exchange reserves reached an all-time high of $645 billion.

Forex reserves down by $2.713 mn to $637.687 bn

Forex reserves down by $2.713 mn to $637.687 bn

Rediff.com3 Dec 2021

The country's foreign exchange reserves declined by $2.71 billion to $637.69 billion in the week to November 26, RBI data showed. In the previous week ended November 19, the reserves had increased by $289 million to $640.40 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.

Forex reserves decline by $908 mn to $640.1 bn

Forex reserves decline by $908 mn to $640.1 bn

Rediff.com29 Oct 2021

The country's foreign exchange reserves declined by $908 million to $640.1 billion in the week ended October 22, RBI data showed. In the previous week ended October 15, the reserves had increased by $1.492 billion to $641.008 billion. The reserves had touched a lifetime high of $642.453 billion in the week ended September 3, 2021.

India's forex kitty jumps by $816 mn to $653.71 bn

India's forex kitty jumps by $816 mn to $653.71 bn

Rediff.com28 Jun 2024

India's forex reserves jumped by $816 million to $653.71 billion for the week ended June 21, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $2.92 billion to $652.89 billion.

Forex reserves drop by $1.268 bn to $561.583 bn

Forex reserves drop by $1.268 bn to $561.583 bn

Rediff.com13 Jan 2023

India's forex reserves declined by $1.27 billion to $561.58 billion for the week ended January 6, the Reserve Bank said on Friday. The overall reserves had increased by $44 million to $562.85 billion in the previous reporting week after two consecutive weeks of the slide. In October 2021, the country's foreign exchange kitty reached an all-time high of $645 billion.

Forex reserves drop by $5.68 billion to $561.26 billion

Forex reserves drop by $5.68 billion to $561.26 billion

Rediff.com24 Feb 2023

India's forex reserves dropped by $5.681 billion to $561.267 billion for the week ended February 17, the RBI said on Friday. This is the third consecutive week of a drop in the reserves after the $8.319 billion decrease in the previous reporting week to $566.948 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.

That's 'The' Birkin Bag... And It's Being Sold!

That's 'The' Birkin Bag... And It's Being Sold!

Rediff.com5 Jul 2025

The world's most coveted handbag is back in the spotlight.

Forex reserves drop by $8.32 bn to $566.95 bn

Forex reserves drop by $8.32 bn to $566.95 bn

Rediff.com17 Feb 2023

India's forex reserves dropped by $8.32 billion to $566.95 billion for the week ended February 10, the RBI said on Friday. This is the second consecutive week of drop in the reserves after the $1.49-billion decrease in the previous reporting week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

'Indian Stocks Unlikely To Give Significant Returns In 12 Months'

Rediff.com30 May 2025

'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'

Forex reserves decline by $571 mn to $563.5 bn

Forex reserves decline by $571 mn to $563.5 bn

Rediff.com23 Dec 2022

After rising for five consecutive weeks, India's forex kitty dropped $571 million to $563.5 billion for the week ended December 16, according to RBI data released on Friday. In the previous reporting week, the overall reserves had swelled $2.91 billion to $564.06 billion, making it the fifth straight week of an increase in the kitty after a protracted decline. In October 2021, the country's foreign exchange kitty had reached an all-time high of $645 billion.

Forex reserves zoom by $10.417 bn to $572 bn

Forex reserves zoom by $10.417 bn to $572 bn

Rediff.com20 Jan 2023

India's forex reserves zoomed by $10.42 billion to $572 billion as on January 13, making it one of the biggest weekly jumps in the kitty in recent times. In the previous reporting week, the overall reserves had dropped by $1.268 billion to $561.58 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion.

India's June exports shrink but shipments to US zoom

India's June exports shrink but shipments to US zoom

Rediff.com16 Jul 2025

Merchandise exports to the US jumped 23.5 per cent year-on-year (Y-o-Y) to $8.3 billion in June, even as India's overall outbound shipments witnessed contraction during the month, according to the data released by the commerce department on Tuesday. The increase in outbound shipments to the US was largely driven by the rush among exporters to utilise America's pause on its plans to impose country-specific reciprocal tariffs.

Forex reserves fall $897 mn to $572.978 bn

Forex reserves fall $897 mn to $572.978 bn

Rediff.com12 Aug 2022

The country's foreign exchange reserves declined $897 million to $572.98 billion in the week ended August 5, according to the Reserve Bank of India (RBI). In the previous week ended July 29, the reserves had risen $2.31 billion to $573.87 billion. In the week ended August 5, the fall in the foreign exchange reserves was due to a dip in the Foreign Currency Assets (FCA), a major component of the overall reserves, as per the Weekly Statistical Supplement released by RBI on Friday.

Forex reserves decline by $1.42 billion

Forex reserves decline by $1.42 billion

Rediff.com4 Mar 2022

India's forex reserves declined by $1.42 billion to $631.53 billion for the week ended in February 25 due to a dip in currency assets, according to the Reserve Bank data released on Friday. The overall reserves had increased by $2.76 billion to $632.95 billion in the previous reporting week. During the reporting week, the foreign currency assets (FCA) declined by $2.23 billion to $564.83 billion.

Monk-like Harvinder reveals his mantra to Paralympics gold

Monk-like Harvinder reveals his mantra to Paralympics gold

Rediff.com5 Sep 2024

His was India's second medal in archery at the ongoing Games after Sheetal Devi and Rakesh Kumar combined for the compound mixed team bronze.

Forex reserves swell by $2.91 bn to $564.06 bn

Forex reserves swell by $2.91 bn to $564.06 bn

Rediff.com16 Dec 2022

India's forex reserves rose by $2.908 billion to $564.06 billion for the week ended on December 9, according to the Reserve Bank data released on Friday. In the previous reporting week, the overall reserves had soared by $11 billion to $561.16 billion. This is the fifth consecutive week of an increase in the reserves.

Retail inflation eases to over 6-yr low of 2.1% in June

Retail inflation eases to over 6-yr low of 2.1% in June

Rediff.com14 Jul 2025

Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.

K'taka HM may have gifted Rs 15-25 lakh to Ranya Rao, but...: Dy CM

K'taka HM may have gifted Rs 15-25 lakh to Ranya Rao, but...: Dy CM

Rediff.com22 May 2025

The Enforcement Directorate on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said.

More ambitious Praggnanandhaa reveals his secret

More ambitious Praggnanandhaa reveals his secret

Rediff.com29 Jun 2025

Praggnanandhaa on Sunday attributed the change in fortune to increased confidence and ambition

India's forex reserves reach record $487.23 bn

India's forex reserves reach record $487.23 bn

Rediff.com13 Mar 2020

Gold reserves rose by $320 million to $31 billion.

Forex reserves drop $3.85 billion to $524.52 billion

Forex reserves drop $3.85 billion to $524.52 billion

Rediff.com28 Oct 2022

India's forex reserves dropped by $3.85 billion to $524.52 billion for the week ended October 21, the RBI said on Friday. The overall reserves had dropped by $4.50 billion to $528.37 billion in the previous reporting week, and have been declining for many months now. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.

Forex reserves down by $2.23 bn to $550.87 bn

Forex reserves down by $2.23 bn to $550.87 bn

Rediff.com16 Sep 2022

The country's foreign exchange reserves declined by $2.23 billion to stand at $550.87 billion for the week ended September 9, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the reserves had dropped by $7.94 billion to $553.11 billion. The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets (FCAs), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI.

Forex reserves drop $4.85 bn to $532.66 bn

Forex reserves drop $4.85 bn to $532.66 bn

Rediff.com7 Oct 2022

India's forex reserves dropped by $4.85 billion to $532.66 billion as on September 30, the Reserve Bank said on Friday. The reserves, which have been dipping as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments, had declined by over $8.13 billion to $537.52 billion in the previous reporting week. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.

RBI conducts $10 bn forex swap to inject liquidity

RBI conducts $10 bn forex swap to inject liquidity

Rediff.com1 Mar 2025

The Reserve Bank of India's (RBI's) $10 billion US dollar-rupee buy-sell swap auction for three years received bids worth $16.23 billion on Friday, reflecting robust demand amid persistent liquidity deficit in the banking system. This was the second swap auction by the central bank after it infused $5 billion via six month-swap on January 31.

Budget 2024: Gold prices crash by Rs 3,350

Budget 2024: Gold prices crash by Rs 3,350

Rediff.com23 Jul 2024

Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.

Paralympics PIX: Nitesh Kumar wins badminton GOLD!

Paralympics PIX: Nitesh Kumar wins badminton GOLD!

Rediff.com2 Sep 2024

Nitesh Kumar outclassed Great Britain's Daniel Bethell 21-14, 18-21, 23-21 in the men's singles SL3 category final.

Forex reserves climb $582 mn to record $542.013 bn

Forex reserves climb $582 mn to record $542.013 bn

Rediff.com11 Sep 2020

Gold reserves rose by $321 million in the reporting week to $37.521 billion.

Forex reserves fall to $634.29 bn

Forex reserves fall to $634.29 bn

Rediff.com28 Jan 2022

The country's foreign exchange reserves declined by $678 million to $634.29 billion in the week ended January 21, according to RBI data. In the previous week ended January 14, the reserves had increased by $2.23 billion to $634.96 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.

Forex reserves down $1.14 bn to $640.87 bn

Forex reserves down $1.14 bn to $640.87 bn

Rediff.com12 Nov 2021

India's forex reserves decreased by $1.145 billion to $640.874 billion for the week ended on November 5 on a fall in currency and gold assets, the Reserve Bank said on Friday. The overall reserves had increased by $1.919 billion to $642.019 billion for the previous reporting week. Foreign currency assets, a major part of the overall reserves, decreased by $881 million to $577.581 billion for the reporting week, the RBI said in the weekly data.