India’s Foreign Exchange Reserves At All-Time High
By IAR Desk India’s forex reserves jumped to a new all-time high of $651.51 billion
Reserve Bank of India
India’s central bank expects GDP to grow 7% in fiscal year 2024-2025
By IAR Desk New Delhi, May 3, 2024: India’s GDP growth rate is expected to
Foreign investors stock up on Indian equities with record Rs 1.4 lakh crore net inflow; dump debt securities
FPIs made a comeback in May and the positive momentum continued till August as they pumped in a net amount of Rs 91,000 crore during the period under review.
Indian Forex reserves climb $11.9 billion to all-time high of $534.5 billion
While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at USD 534.6 billion are equivalent to 13.4 months of imports.
COVID-19: Foreign investors rush to exit India; withdraw USD 6.4 billion in March quarter
FPIs had started the quarter on a cautious note on account of brewing geopolitical tension between US and Iran and fast-changing trends in US-China trade situation.
Surge in India’s foreign exchange reserves
The reserves had touched a life-time high of USD 487.23 billion in the week to March 6 after rising by USD 5.69 billion. During 2019-20, the foreign exchange reserves had risen by almost USD 62 billion.
Sri Lanka to seek $400 million financial facility from India’s RBI
The facility from the RBI is aimed at boosting the island nation’s foreign reserves.
Indian Budget a roadmap for exports: FIEO President
The focus on standards and quality will facilitate exports of quality products from India fetching better unit realisation and enabling Indian manufacturers to meet the technical standards
India’s forex reserves touch record USD 461.16 billion
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by USD 3.013 billion to USD 427.949 billion, the data released by the Reserve Bank of India on Friday showed.