Search For "foreign exchange"
VP Dhankhar urges industry to embrace economic nationalism, prioritize loc
Updated : 1 year, 7 months ago IST
Dhankhar underscored economic nationalism as a key element of the Swadeshi movement and the "Vocal for Local" campaign, pointing out the adverse effects of unnecessary imports on the economy. These include draining foreign exchange and hindering job creation for Indian workers.
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India's forex reserves touch fresh high of USD 675 billion, rose over USD
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 45-50 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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9.1 per cent increase in Foreign Tourist Arrivals during January-May, 2024
Updated : 1 year, 7 months ago IST
In May 2024, FTAs reached 6.00 lakh, a slight increase from 5.98 lakh in May 2023, reflecting a growth of 0.3 per cent.
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India's forex reserves decline slightly after hitting record high
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 40-45 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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BookMyForex Rolls out Zero Fee Remittance and Bundled Deals for Internatio
Updated : 1 year, 7 months ago IST
Gurgaon (Haryana) [India], August 1: BookMyForex, India's largest online retail foreign exchange platform, is excited to unveil the "BookMyForex Student Offer", presenting bundled deals tailored specially for Indian students heading abroad as the new academic term begins. The exclusive offer
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Government plans 12 new industrial parks and multiple mega textile parks:
Updated : 1 year, 7 months ago IST
The government is setting up 12 new industrial parks across the country and has 5-6 mega textile parks lined up, Minister of Commerce and Industry Piyush Goyal said on Tuesday.
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UAE: Al Ansari signs agreement to acquire BFC Group Holdings WLL for USD 2
Updated : 1 year, 7 months ago IST
Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisition purchase price of USD 200 million (AED735 mill
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Pakistan fears mount as loan talks with China face uncertainty
Updated : 1 year, 7 months ago IST
On Friday, Finance Minister Muhammad Aurangzeb met with Pan Gongsheng, the governor of China's central bank, to discuss bilateral financial cooperation, according to a statement from the People's Bank of China.
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India's foreign exchange reserves surge to touch another peak of USD 670.8
Updated : 1 year, 7 months ago IST
In the week that ended on July 19, the foreign exchange kitty rose by USD 4.19 billion to USD 670.857 billion, official data from the Reserve Bank of India (RBI) showed on Friday.
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Kenya's forex reserves decline due to foreign debt repayments, particularl
Updated : 1 year, 7 months ago IST
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
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India's foreign exchange reserves rose highest globally, enough to cover o
Updated : 1 year, 7 months ago IST
India's foreign exchange reserves during the recently concluded financial year 2023-24 increased the highest among major reserves-holding countries globally, asserted the Economic Survey tabled in the Parliament on Monday.
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India's forex reserves hit record USD 666.85 Billion, driven by surging go
Updated : 1 year, 7 months ago IST
India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI).
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