Foreign Currency

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Foreign Currency - Total results - 12
India's forex reserves soar to record $473 billion in week ended to 7 February, reveals RBI data
Business

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
Business

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
Business

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
Business

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
Business

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
India

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
India

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.

RBI balance sheet up 12.3% at Rs 32.43 lakh cr in 2015-16
Business

RBI balance sheet up 12.3% at Rs 32.43 lakh cr in 2015-16

During the period, domestic assets constituted 24.59 percent while the foreign currency assets and gold (including gold held in the country) constituted 75.41 percent of total assets as against 21.86 percent and 78.14 percent, respectively, as on June 30, 2015.

Ruble strengthens after fall as Russian govt pressures exporters
Economy

Ruble strengthens after fall as Russian govt pressures exporters

Russia's ruble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings

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

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.

RBI further eases norms on foreign currency deposits
Economy

RBI further eases norms on foreign currency deposits

The rupee on Friday fell to 53.92 to the dollar - its lowest in 2012, and has lost almost 9 percent since March.