Search For "foreign exchange"
Pak remittances continue to decline
Updated : 3 years, 3 months ago IST
Remittances from Saudi Arabia, UAE, UK and US make up 68.5pc of Pakistan's yearly remittances. But lately, remittances from the first three countries, with a share of 57.7pc in the total pie, have been falling with little chance of a reversal of this trend, primarily due to economic and expa
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US Treasury removes India from its Currency Monitoring List
Updated : 3 years, 4 months ago IST
The Treasury has established a monitoring list of "major trading partners that merit close attention to their currency practices and macroeconomic policies".
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Indian Railways accomplishes electrification of 82pc of total broad-gauge
Updated : 3 years, 4 months ago IST
Indian Railways embarked upon an ambitious plan of electrification of its complete broad-gauge network which would not only result in better fuel energy usage resulting in increased throughput, reduced fuel expenditure but also savings in precious foreign exchange, according to the ministry
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Indian stock indices extend gains to third week, rupee appreciates slightl
Updated : 3 years, 4 months ago IST
All the Nifty sectoral indices were in the green this morning, with Nifty IT and Nifty pharma rising the most.
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Foreign investors turn net sellers in India for second month
Updated : 3 years, 4 months ago IST
Barring July and August when they were net buyers, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for a year, which started in October last year for various reasons.
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India's forex reserves at 2-year low amid depreciating rupee
Updated : 3 years, 4 months ago IST
New Delhi [India], October 22 (ANI): India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
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India's foreign exchange reserves to remain robust; CAD to be contained at
Updated : 3 years, 4 months ago IST
Hong Kong, October 19 (ANI): India's external buffers appear sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, says Fitch Ratings.
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India's forex reserves dip by $4.85 bn; hit lowest level since July 2020
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): India's foreign exchange (forex) reserves slumped by $4.854 billion to $532.664 billion for the week ended September 30, the lowest level since July 2020, as the Reserve Bank of India (RBI) used its kitty to defend the rupee, which has hit recor
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Rs 5,551.27 cr seized by ED from Xiaomi India
Updated : 3 years, 5 months ago IST
New Delhi [India], September 30 (ANI): The competent authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA) on Friday confirmed the seizure order of Rs 5,551.27 crores by Enforcement Directorate against Xiaomi Technology India Private Limited.
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Despite IMF loans, Pakistani rupee continues to fall
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 27 (ANI): Despite the inflow of International Monetary Fund (IMF) loans, Pakistan's currency continues to fall.
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India's forex reserves hit near 2-year low
Updated : 3 years, 5 months ago IST
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
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Game over for Shehbaz govt as Pakistan reels under economic distress: Shei
Updated : 3 years, 5 months ago IST
Karachi [Pakistan], September 20 (ANI): Former Interior Minister of Pakistan, Sheikh Rashid Ahmed, on Sunday slammed the Shehbaz Sharif-led government for the deteriorating economic situation in Pakistan and said that it is game over for the ruling government now.
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