Foreign Currency

Missionaries of Charity accounts row: What led to the 'freeze' and what next for the charitable organisation

Ministry of Home Affairs said that the Missionaries of Charity's application for renewal of the FCRA registration was refused on 25 December for not meeting eligibility conditions

Sri Lanka president Gotabaya Rajapaksa admits 'not delivering' as prices of essential goods soar

A shortage of foreign currency has hindered the ability of the island nation of 21 million people to import goods, prompting the government to declare a state of emergency and impose rationing.

India's forex reserves soar to record $473 billion in week ended to 7 February, reveals RBI data

The country's foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of increase in foreign currency assets, according to RBI data

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’: Fundamentals of economy remain robust with inflation under check, says FinMin

As India’s potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India, FinMin said in a statement

Glenmark Q4 net profit up 6.62% at Rs 162 cr; board approves raising funds up to $200 mn through debt securities

Glenmark Pharma's consolidated revenue for 2018-19 stood at Rs 9,865.46 crore, compared to Rs 9,103.07 crore in the preceding fiscal.

Reserve Bank of India net-seller of dollars in November, unwinding $644 mn on net basis

The rupee had a better run in the past fiscal, while it was one of the worst among its emerging market peers this fiscal year, which explains the reasons for Reserve Bank of India's intervention in the forex market

Foreign exchange reserves jump by $1.2 bn to $401.94 bn on increase in foreign currency assets

Foreign exchange reserves once again crossed $400 bn mark in previous week, after they rose $1.208 bn to $400.741 bn

BSF apprehends Bangladeshi woman, seizes foreign currency worth $30,000

The BSF apprehended a Bangladeshi national from near Petrapole border in North 24 Parganas district and seized foreign currency from her possession.

Kashmir terror funding: NIA conducts fresh raids across Valley; Pakistani, UAE currency recovered

Continuing its probe into terror funding by Pakistan-based groups to stoke unrest in Jammu and Kashmir, the NIA conducted fresh raids across five locations.

Crude shock: Ruble crashes the most in 16 years, sends shivers across global economy

Amid such an economic environment globally, it is difficult to imagine how risk assets such as stocks can thrive.