India Forex Reserve News
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India's Forex Reserve Touches Record High Of $681 Billion
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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At USD 642.29 Billion, India's Foreign Exchange Reserves Hit All-Time High
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI).
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India's Forex Kitty Sees Massive $13 Billion Surge, Reaches $609 Billion
India's forex reserves have swelled by USD 12.743 billion to USD 609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said today.
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India Needs Average Annual 7.6% GDP Growth To Become Developed By 2047: RBI
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin.
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RBI Permits Banks To Issue RuPay Prepaid Forex Cards
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.
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India's Forex Reserves Fall For 2nd Consecutive Week To $589.19 Billion
India's overall foreign exchange reserves declined by USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by the Reserve Bank of India on Friday showed.
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India's Forex Reserves Hit One-Year High, Rise To Nearly $600 Billion
India's foreign exchange reserves continue to rise and are edging towards USD 600 billion, hitting a nearly one-year high. In the week that ended on May 12 for which data is available, the reserves rose by USD 3.553 billion to USD 599.529 billion.
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Credit Card Spend In Forex To Come Under RBI's Remittance Scheme
Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorisation of the Reserve Bank.
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India's Forex Reserves Rise $7.2 Billion To $596 Billion
India's foreign exchange reserves rose by USD 7.196 billion to USD 595.976 billion in the week that ended on May 5, data released by the Reserve Bank of India showed on Friday.
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India's Forex Reserves Jump By USD 7.2 Billion To USD 595.98 Billion
India's foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion in the week ended on May 5, the Reserve Bank of India said on Friday.
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India's Forex Reserves Rise USD 4.53 Billion To USD 588.78 Billion
India's foreign exchange reserves jumped USD 4.532 billion to USD 588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday.
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Forex Reserves Rise To $586.41 Billion, Reach Over 9-Month High
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released today.
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Foreign Exchange Reserves Grow $6.3 Billion To $584.75 Billion
India's forex reserves increased by $6.306 billion to $584.755 billion for the week ended April 7, the RBI said on Friday.
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RBI Expansion Of NDF Access Will Facilitate Flexible Hedging: Analysts
The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.
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Forex Reserves Rise To $572.8 Billion
India's forex kitty rose by $12.798 billion to$572.801 billion in the week ended March 17, the Reserve Bank said on Friday.
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India's Forex Reserve Touches Record High Of $681 Billion
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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At USD 642.29 Billion, India's Foreign Exchange Reserves Hit All-Time High
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI).
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India's Forex Kitty Sees Massive $13 Billion Surge, Reaches $609 Billion
India's forex reserves have swelled by USD 12.743 billion to USD 609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said today.
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India Needs Average Annual 7.6% GDP Growth To Become Developed By 2047: RBI
India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin.
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RBI Permits Banks To Issue RuPay Prepaid Forex Cards
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.
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India's Forex Reserves Fall For 2nd Consecutive Week To $589.19 Billion
India's overall foreign exchange reserves declined by USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by the Reserve Bank of India on Friday showed.
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India's Forex Reserves Hit One-Year High, Rise To Nearly $600 Billion
India's foreign exchange reserves continue to rise and are edging towards USD 600 billion, hitting a nearly one-year high. In the week that ended on May 12 for which data is available, the reserves rose by USD 3.553 billion to USD 599.529 billion.
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Credit Card Spend In Forex To Come Under RBI's Remittance Scheme
Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorisation of the Reserve Bank.
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India's Forex Reserves Rise $7.2 Billion To $596 Billion
India's foreign exchange reserves rose by USD 7.196 billion to USD 595.976 billion in the week that ended on May 5, data released by the Reserve Bank of India showed on Friday.
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India's Forex Reserves Jump By USD 7.2 Billion To USD 595.98 Billion
India's foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion in the week ended on May 5, the Reserve Bank of India said on Friday.
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India's Forex Reserves Rise USD 4.53 Billion To USD 588.78 Billion
India's foreign exchange reserves jumped USD 4.532 billion to USD 588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday.
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Forex Reserves Rise To $586.41 Billion, Reach Over 9-Month High
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released today.
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Foreign Exchange Reserves Grow $6.3 Billion To $584.75 Billion
India's forex reserves increased by $6.306 billion to $584.755 billion for the week ended April 7, the RBI said on Friday.
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RBI Expansion Of NDF Access Will Facilitate Flexible Hedging: Analysts
The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.
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Forex Reserves Rise To $572.8 Billion
India's forex kitty rose by $12.798 billion to$572.801 billion in the week ended March 17, the Reserve Bank said on Friday.
