• Forex reserves rise by USD 58 million to record high of USD

    Forex reserves rise by USD 58 million to record high of USD 461.21 billion

    Business | January 17, 2020 18:07 IST

    ​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.

  • SEPC for adding more services under export incentive scheme

    SEPC for adding more services under export incentive scheme to boost shipments

    Business | November 10, 2019 11:30 IST

    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.

  • Rupee slips in early trade   

    Rupee slips 4 paise against US dollar in early trade

    India | June 13, 2019 11:00 IST

    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

    News | October 13, 2018 16:26 IST

    China has the largest forex reserves in the world

  • Representational Image

    Foreign exchange reserves rise by USD 1.2 billion to USD 400.5 billion

    Business | September 21, 2018 19:50 IST

    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.  

  • Jet Airways female crew member arrested for smuggling

    Jet Airways female crew member held for smuggling foreign exchange

    India | January 09, 2018 21:07 IST

    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 Forex

    India's forex down by $1.13 bn

    May 14, 2016 19:06 IST

    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.

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    India's foreign exchange reserves rise to $363 billion

    May 07, 2016 17:25 IST

    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

  • rbi s buying activity swells forex reserves

    RBI's buying activity swells Forex reserves

    February 06, 2016 17:43 IST

    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

  • foreign exchange reserves slip by 1.4 billion to 351.11

    Foreign exchange reserves slip by $1.4 billion to $351.11 billion: RBI

    December 26, 2015 16:04 IST

    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

  • india s forex reserves up at 353.527 billion

    India's forex reserves up at $353.527 billion

    October 23, 2015 18:33 IST

    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

  • rupee weakens by 3 paise against dollar in early trade

    Rupee weakens by 3 paise against dollar in early trade

    June 26, 2015 9:54 IST

    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

  • rupee down 3 paise against dollar in early trade

    Rupee down 3 paise against dollar in early trade

    June 25, 2015 9:52 IST

    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

  • rupee rallies 25 paise against dollar

    Rupee rallies 25 paise against dollar

    June 18, 2015 11:03 IST

    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

  • ed steps up probe in lalit modi owned firm for fema

    ED steps up probe in Lalit Modi owned firm for FEMA violation

    India | June 17, 2015 22:44 IST

    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

  • rupee gains 9 paise against dollar

    Rupee gains 9 paise against dollar

    June 16, 2015 11:42 IST

    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

  • rupee gains 8 paise against dollar

    Rupee gains 8 paise against dollar

    June 11, 2015 10:15 IST

    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

  • rupee firms up 16 paise against dollar

    Rupee firms up 16 paise against dollar

    June 09, 2015 10:18 IST

    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

  • depreciating dollar rbi investment returns hike foreign

    Depreciating dollar, RBI investment returns hike foreign reserves

    May 23, 2015 16:50 IST

    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

  • rupee plunges to over 3 month low of 63.32 vs dollar

    Rupee plunges to over 3-month low of 63.32 vs dollar

    April 23, 2015 19:36 IST

    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

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