India's foreign exchange reserves have been rising for months now, hitting several all-time highs. The forex kitty increased by USD 66 billion so far this year and is currently at USD 689.235 billion.
India's foreign exchange reserves increased by USD 5.248 billion, reaching a fresh record high of USD 689.235 billion, during the week that ended on September 6, according to data released by the Reserve Bank of India on Friday.
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
Customs officials at Jinnah International Airport in Karachi have seized over AED 100,000 from two passengers, Muntazir Mehdi and Mohammad Kashif, who were attempting to smuggle the cash out of Pakistan on a flight to Dubai, violating currency regulations
New Delhi [India], September 2: As businesses expand globally, the ability to handle cross-border transactions efficiently becomes critical. However, international payment processing is fraught with challenges that can affect both operational efficiency and customer satisfaction. From curren
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.
The NIA Special Court, Bengaluru, has sentenced one accused to 6 years of simple imprisonment (SI) in a fake currency seizure case of 2018, the NIA said in a press release.
American credit rating agency Fitch Ratings, on August 29, affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
The Anti-Narcotics Force (ANF) conducted 10 operations across the country, recovering 373 kilograms of drugs worth Pakistani Currency (PKR) 340 million and arresting 10 accused, ARY News reported, citing ANF Headquarters spokesman.
India's foreign exchange reserves have risen by USD 4.546 billion to reach USD 674.664 billion, a touch below their all-time highs, during the week that ended on August 16, RBI data showed on Friday.