The Enforcement Directorate (ED) on Friday summoned Punjab CM Captain Amarinder Singh's son Raninder Singh for violation of Foreign Exchange Management Act (FEMA) in connection with an alleged disproportionate assets case. The ED asked him to appear before them on October 27, in Jalandhar.
The country's foreign exchange reserves swelled by USD 3.623 billion to a record high of USD 538.191 billion in the week ended August 7, RBI data showed on Friday.
The rupee appreciated by 16 paise to close at 75.02 against the US dollar on Friday, tracking gains in domestic equities and lower crude oil prices.On weekly basis, the domestic currency logged 18 paise gains over the American unit.
The rupee pared some of its early gains to settle marginally up by 3 paise at 74.99 against the US dollar on Thursday tracking weakness in the greenback and gains in the domestic equity market.
The rupee pared initial gains to close flat at 75.65 against the US dollar on Friday as concerns about rising COVID-19 cases weighed on investor sentiment.
India's forex reserves rose substantially by USD 5.942 billion to touch a life-time high of USD 507.644 billion in the week to June 12, helped by a significant jump in the foreign currency assets (FCA), RBI data showed.
The rupee depreciated by 19 paise to close at a more than six-week low of 76.03 on Monday as weak domestic equities and sustained foreign fund outflows weighed on investor sentiment. Forex traders said risk appetite has waned amid concerns over the second wave of COVID-19 globally.
India's forex reserves cross $500 billion markIndia's forex reserves cross $500 billion markAccording to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703 billion from $493.480 billion reported for the week ended May 29.
The country's foreign exchange reserves surged USD 3.43 billion to a fresh all-time high of USD 493.48 billion for the week ended May 29 on a handsome accretion of the core currency assets, the Reserve Bank of India (RBI) said on Friday.
The rupee pared its early gains to close almost flat at 75.58 against the US currency on Friday due to dollar demand from banks and rising crude oil prices.
India's foreign exchange reserves rose by over $3 billion during the week ended May 22. According to the RBI's weekly statistical supplement, the overall forex reserves increased to $490.044 billion from $487.039 billion reported for the week ended May 15.
The rupee appreciated by 25 paise to settle at 75.66 against the US dollar on Tuesday as reports of initial success in COVID-19 vaccine trials boosted investor sentiment world over.
The rupee on Thursday recovered from record low levels to settle 6 paise higher at 76.28 against the US dollar tracking gains in equity markets and foreign fund inflows. The local unit had settled at an all-time low of 76.34 against the greenback on Wednesday.
The rupee pared its initial gains to settle marginally higher at 74.24 against the US dollar on Tuesday amid continued meltdown in equity markets and sustained foreign fund outflows. Forex traders said the Indian rupee which started the day on a positive note, witnessed heavy volatility amid fears that the rate cut by the Reserve Bank would not be sufficient to boost market sentiments.
The Reserve Bank will sell USD 2 billion worth of American currency to banks in a bid to infuse liquidity in the domestic forex market roiled by mounting concerns over coronavirus pandemic and crash in global oil prices.
The rupee recovered 56 paise to settle at 73.61 (provisional) against the US dollar on Wednesday amid positive domestic equities and weakening of the American dollar in the overseas market.
The Indian rupee continued its downward journey on Thursday, sliding another 5 paise to trade at 73.44 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.
India's foreign exchange reserves inched up by USD 29 million to a fresh lifetime high of USD 476.122 billion in the week to February 21, aided by an increase in the value of gold holdings, Reserve Bank data showed on Friday. The forex kitty had zoomed by USD 3 billion to USD 476.092 billion in the previous reporting week.
The country's foreign exchange reserves swelled by USD 3.091 billion to a lifetime high of USD 476.092 billion in the week to February 14, mainly due to a rise in foreign currency assets, according to the RBI data.
The country's foreign exchange reserves rose by USD 1.701 billion to a lifetime high of USD 473 billion in the week to February 7 on account of increase in foreign currency assets, according to RBI data. In the previous week, the foreign exchange reserves had swollen by USD 4.607 billion to USD 471.3 billion.
Top News
Latest News
