Search For "forex"
India's forex reserves dip after rising for five straight weeks
Updated : 3 years, 2 months ago IST
Breaking the trend of the fifth consecutive week of rising foreign exchange reserves, they fell by USD 571 million to USD 563.499 billion in the week that ended on December 16, Reserve Bank of India's Bulletin Weekly Statistical Supplement data showed on Friday.
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India's forex reserves up for 5th consecutive week
Updated : 3 years, 2 months ago IST
India's foreign exchange reserves during the week that ended on December 9 rose by USD 2.91 billion to USD 564.07 billion. Notably, this is the fifth consecutive week of India's rising foreign exchange reserves.
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Sitharaman says inflation has come down, will decline further
Updated : 3 years, 3 months ago IST
While addressing the lower house, Sitharman cited a World Bank report titled 'India Development Update: Navigating the Storm'.
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USD33.42 bn sales in Apr-Sep FY 23 by RBI to contain Rupee fall: Sitharama
Updated : 3 years, 3 months ago IST
Typically, the RBI from time to time intervenes in the markets through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.
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Gold smuggling leads to growth of mafia groups, is a heavy drain on India'
Updated : 3 years, 3 months ago IST
In a report -- Smuggling in India Report 2021 -- which was released by Finance Minister Nirmala Sitharaman on Monday, the government agency said it had always risen to the challenge and made great inroads into breaking the gold smuggling syndicates over the years.
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India's forex reserves rise for third straight week
Updated : 3 years, 3 months ago IST
India's foreign exchange reserves during the week that ended on November 25 rose by USD 2.89 billion to USD 550.14 billion, the Reserve Bank of India data showed on Friday evening. This is the third consecutive week of rising reserves.
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Vantage introduces Social Trading to make trading more interactive
Updated : 3 years, 3 months ago IST
Port Vila [Vanuatu], December 1 (ANI/PRNewswire): Vantage (or "Vantage Markets"), the multi-asset broker, has launched social trading on the Vantage App, making it an all-in-one trading app that supports both regular trading and social trading.
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BookMyForex launches "Interbank Rate Forex Card" - India's first true zero
Updated : 3 years, 3 months ago IST
Gurgaon (Haryana) [India], November 30 (ANI/NewsVoir): BookMyForex.com, India's first online foreign exchange marketplace, has launched the Interbank Rate Multi-Currency Forex Card, which is India's first true zero markup travel card. During regular banking hours, International travellers wi
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India's forex reserves rise by USD 2.54 billion to USD 547.25 billion
Updated : 3 years, 3 months ago IST
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, rose by USD 1.76 billion to USD 484.28 billion.
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Rupee depreciates 48 p to close at 81.26 versus dollar
Updated : 3 years, 4 months ago IST
Forex traders said the sharp fall in the rupee after a promising start on Monday was due to a large part of India Inc purchasing dollars. Dollar demand from corporates increased, with cautionary words on US inflation from a Federal Reserve official keeping the greenback firm.
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Pak oil authority warns of looming petrol and diesel shortage
Updated : 3 years, 4 months ago IST
Amid a growing shortage of oil across the world due to the Russia-Ukraine war, the Oil & Gas Regulatory Authority (OGRA) on Monday warned that Pakistan may witness a petrol and diesel shortage.
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RBI could continue to intervene in forex markets if uncertainty on more ra
Updated : 3 years, 4 months ago IST
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
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