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RBI surplus falls 14.75% in FY14; transfers entire sum to govt

RBI surplus falls 14.75% in FY14; transfers entire sum to govt

Last Updated: Thursday, August 21, 2014, 17:49

The Reserve Bank on Thursday said its surplus (profit) for the FY'14 fiscal declined 14.75 percent to Rs 52,679 crore as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased.

India's forex reserves fall to $319.35 bn as of Aug 8

Last Updated: Friday, August 15, 2014, 19:09

Foreign exchange reserves include India`s Reserve Tranche position in the International Monetary Fund.

Forex reserves drop $573.5 million to $319.9 billion

Last Updated: Friday, August 08, 2014, 20:32

After remaining steady for many weeks, the gold reserves rose USD 538.9 million to USD 21.173 billion in the reporting week.

Forex kitty up $2.71 bn to $320.56 bn; nears all-time high level

Last Updated: Friday, August 01, 2014, 19:31

The gold reserves were unchanged at USD 20.634 billion in the reporting week.

Forex reserves up for 7th straight week, kitty at $317.85 billion

Last Updated: Friday, July 25, 2014, 18:15

All-time high for the reserves was USD 321 billion in late 2011.

Euro at multi-year lows against dollar, yen

Last Updated: Wednesday, July 23, 2014, 12:17

The euro is facing selling pressure as investors worry that another round of sanctions on Russia will have a knock-on effect for the eurozone.

Rupee third on fake foreign currency list in Switzerland!

Last Updated: Sunday, July 20, 2014, 16:58

As a debate continues on alleged black money of Indians in Swiss banks, the authorities in Switzerland have come across a significant quantum of fake Indian rupee notes in their country- the third highest for any foreign currency after Euro and the US dollar.

Forex reserves rise $643.2 mln to $317.03 bn

Last Updated: Friday, July 18, 2014, 19:44

In the previous week, reserves had risen by USD 614.6 million to USD 316.393 billion.

Forex reserves up $614.6 mn at $316.4 bn

Last Updated: Friday, July 11, 2014, 18:52

The forex reserves rose USD 614.6 million to touch USD 316.393 billion in the week to July 4, on account of rise in currency assets.

Want euros in London? Don’t ask your bank

Last Updated: Monday, July 07, 2014, 16:17

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.

Indian Bank revises interest rates on FCNR (B) deposits

Last Updated: Thursday, July 03, 2014, 14:41

State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.

India's forex reserves up $1.385 billion to $314.92 billion

Last Updated: Friday, June 27, 2014, 18:34

India's forex reserves rose by USD 1.385 billion to USD 314.922 billion in the week to June 20 on account of rise in currency assets.