FOREX RESERVES
Kenya's forex reserves decline amid foreign debt repayments, particularly to China
Kenya¡¯s foreign exchange reserves have experienced a significant drop of USD 487 million (about KES 63.9 billion) over the past week, following substantial repayments of external debt. An English-language daily business newspaper published in Kenya, Business Daily, re...
New TCS rules have kicked in from October 01: What has changed; check here
Starting October 1, 2023, new tax collection at source (TCS) rates will impact various financial transactions, including international travel, investments in foreign assets, and educational expenses abroad. To help you navigate this upcoming change, we present a breakdown of ...
RBI unveils steps to boost foreign exchange inflows to arrest rupee fall
On Wednesday, the Reserve Bank of India (RBI) raised overseas borrowing limits for companies. In addition, it liberalised norms for foreign investments in government bonds by announcing a slew of measures to boost foreign exchange inflows to curb the rupee's fall. Unveiling mea...
India 5th largest recipient of FDI in Q1: DEA's monthly economic report
According to DEA's monthly economic report, India's forex reserves were the 3rd largest in Q1; India remains attractive to investors. ET Now's Meghna Mittal joins us with the highlights from the account.India 5th largest recipient of FDI in Q1: DEA's monthly economic report
RBI allows payments for international trade in rupee; move to help ease forex pressure on India
The Reserve Bank of India (RBI) on Monday allowed invoicing and payments for international trade in rupees, potentially facilitating greater bilateral business with Russia, which is facing a wide range of Western sanctions and is virtually cut off from st...
RBI completely focused on fighting inflation, yet 50 bps rate hike is surprising: Mythili Bhusnurmath
Indian shares advanced, the rupee strengthened and bond yields rose after the country's central bank hiked a key policy rate for the third time to tackle persistently high inflation in Asia's third-largest economy. "The central bank is completely fo...
India expected to be the fastest growing economy in FY23: RBI Governor
While announcing the August bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das said, ¡°With strong and resilient fundamentals, India expected to be the fastest growing economy in FY23. Its current account deficit will remain in comfortable limits. External debt-to-
RBI has done a good job on forex reserves, it will not experience economic issues like Sri Lanka or Pakistan: Raghuram Rajan
Former RBI Governor Raghuram Rajan claimed that the Reserve Bank of India (RBI) had done an excellent job boosting the country's foreign exchange reserves, and it will not experience economic issues like Sri Lanka or Pakistan.
India should do better than other countries in a global downturn: Indranil Sen Gupta
RBI has now re-achieved adequacy of FX reserves. We call this ¡®India¡¯s silent revolution¡¯ because now there is sufficient forex reserves and that is de-risking India from global contagion, says Indranil Sen Gupta, India Economist, BofA Securities, in an interview wi
RBI annual report highlights: Indian economy not as hard hit as COVID first wave but uncertainties remain
India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday. In its annual report, the central bank said the country's growth
Watch: Rupee hits 18-month low, slides 38 paise to 68.42 against US dollar
The rupee on Wednesday plummeted by a massive 38 paise to hit a near 18-month low of 68.42 against the US dollar following relentless capital outflows amid concerns over macro conditions and surging crude oil prices. This is the lowest closing for the Indian currency since No
Watch: Rupee slumps to 64.81 on signs of another Fed rate hike
Marking its weakest level in over two-and-a-half months, the rupee today plummeted by a whopping 54 paise to end at 64.81 a dollar after the Federal Reserve left the door open for a rate hike in December.Watch: Rupee slumps to 64.81 on signs of another Fed rate hike
Forex kitty may not cushion extreme volatility: RBI
RBI Deputy Governor HR Khan said though the country's forex kitty was at an all time high of USD 330 billion, there should be no complacency as no amount of reserves may be enough to fight extreme volatility.Forex kitty may not cushion extreme volatility: RBI
Rupee recovers 15 paise to end at 65.03 vs US dollar
Snapping its two-day losing streak, the rupee today regained 15 paise to close at 65.03 per dollar on fresh selling of the American currency by banks and exporters on the back of weakness in greenback overseas.Rupee recovers 15 paise to end at 65.03 vs US dollar
'RBI has created reserves to deal with tapering'
Expect market to be volatile on state elections outcome and general elections will have an impact on market movement, says S Naren, ICICI Pru AMC. 'RBI has created reserves to deal with tapering'
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