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

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.

2 arrested for trying to smuggle foreign currency

Last Updated: Friday, June 27, 2014, 16:47

Customs officials at International Airport here have arrested two persons for allegedly trying to smuggle out foreign currency notes of different countries.

Power Grid seeks shareholders' nod to raise Rs 13,500 crore

Last Updated: Sunday, June 15, 2014, 19:26

State-owned Power Grid has sought the approval of shareholders to raise up to Rs 13,500 crore by way of private placement of bonds in the current fiscal.

India's forex reserves rise to $312.5 bn

Last Updated: Friday, June 13, 2014, 18:10

In the previous week, total reserves dropped by USD 273.8 million to USD 312.382 billion.

Convert inoperative foreign currency A/c into Re A/c: RBI

Last Updated: Wednesday, May 28, 2014, 22:42

The Reserve Bank has directed banks to convert credit balances in any inoperative foreign currency denominated deposit into Indian rupee if the former remains not in use for a period of three years from date of maturity of deposit.