The Enforcement Directorate on Friday searched the premises of the Goa-headquartered Chowgule Group and linked entities as part of a foreign exchange violation investigation against them.
India's foreign exchange reserves declined by USD 1.713 billion to USD 651.997 billion during the week that ended June 28, official data from the Reserve Bank of India (RBI) showed on Friday. The reserves are currently a tad lower than their all-time highs of USD 655.817 touched recently.
New Delhi [India], July 3: Tourism sector plays an important role in providing employment and earning foreign exchange. Tamil Nadu is one of the most popular tourist destinations in India. The State has a variety of tourist attractions, grand temples, scenic mountains and forests, beautiful
India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed.
India's foreign exchange reserves declined a little over USD 2 billion in the week that ended on May 24, to come off from its all-time high it experienced a week prior. The reserves are now at USD 646.673 billion.
In an about-turn from the economic liberalisation days of 1991 when India shipped out gold and pledged it overseas to avert a looming financial crisis, the country has now shipped in a little over 100 tonnes of its gold reserves held in the UK.
India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifetime high.
Even in May, it continued to trade in a tight range of 83.43-83.52 per US dollar amidst a lack of FPI inflows and dollar demand from oil companies, according to a report by the Bank of Baroda.
Post three consecutive weeks of decline, India's foreign exchange reserves rose again by USD 3.668 billion to USD 641.590 billion in the week that ended on May 3, RBI data showed.
India's foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.