The country foreign exchange reserves rose by USD 58 million to reach a life-time high of USD 461.21 billion in the week to January 10, according to the RBI data. In the previous week, the reserves had increased by USD 3.689 billion to USD 461.15 billion.
Depending on the nature of services, the government gives duty credit scrips or certificates. The scheme offers reward at 5 per cent or 7 per cent of net foreign exchange earned and covers service providers located in India.
At the Interbank Foreign Exchange, the rupee opened on at 69.33 then fell to 69.38 against the US dollar, showing a decline of 4 paise over its previous closing.
China has the largest forex reserves in the world
In the reporting week, foreign currency assets, a major component of the overall reserves, increased by USD 1.055 billion to USD 376.154 billion, as per RBI data.
A senior DRI official said that during investigation, it was found that she was working with an agent, named Amit Malhotra, a resident of Vivek Vihar area in Delhi.
India's foreign exchange reserves went down by $1.13 billion to $361.99 billion as on May 6, 2016, the Reserve Bank of India (RBI) said.
Chennai: India's foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) has said. According to the RBI's forex data, the reserves stood at
Mumbai: Buying activity by the country's central bank and the revaluation impact of global currencies swelled India's foreign exchange (Forex) reserves during the week ended January 29, experts said on Saturday.According to the Reserve Bank
Mumbai:India's foreign exchange reserves after rising for two consecutive weeks fell by $1.4 billion (nearly Rs 9,273.6 crore) to $351.106 billion (nearly Rs 23.25 lakh crore) in the week to December 18 on account of
New Delhi: India's foreign exchange reserves increased by $458 million to $353.527 billion in the week to October 16, on account of rise in foreign currency assets, according to RBI data.In the previous week, reserves
Mumbai: The rupee dropped 3 paise at 63.62 against dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas.Forex dealers said fresh demand for the dollar from
Mumbai: The rupee dropped 3 paise at 63.62 against dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas.Forex dealers said fresh demand for the dollar from
Mumbai: The rupee appreciated 25 paise to trade at 63.87 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas amid sustained selling of the greenback by
New Delhi: The Enforcement Directorate (ED) has stepped up its probe into a foreign exchange violation case against former IPL boss Lalit Modi which involves alleged illegal routing of Rs 21 crore funds from a
Mumbai : The rupee pulled back 9 paise to 64.07 against the dollar in early trade today, snapping its three-day falling streak at the Interbank Foreign Exchange on fresh selling of the US currency by
Mumbai: Rising for the third straight day, the rupee strengthened by another 8 paise to 63.76 against the dollar in early trade today at the Interbank Foreign Exchange on sustained selling of the US currency
Mumbai: The rupee appreciated 16 paise to 63.92 against the US dollar in early trade at the Interbank Foreign Exchange today on fresh selling of the American currency by exporters and banks.Besides, strengthening of the
Mumbai: Depreciation in dollar value, interest payments on securities held by the apex bank in non-dollar currencies and the rich payouts for its participation in the forwards trading market led to an exponential rise in
Mumbai: The rupee today plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar on renewed demand for the American currency from banks and importers amid foreign capital outflows
Top News
Latest News
