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RBI for independent body for forex benchmark rate

RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

India's forex reserves rise to $306.64 billion

Last Updated: Saturday, April 12, 2014, 14:59

The forex reserves have soared past USD 300 billion mark for the first time since December 2011.

First in FY14: RBI didn't buy dollars in Feb; sold $530 million

Last Updated: Friday, April 11, 2014, 15:54

For the first time in 11 months of 2013-14 fiscal, the Reserve Bank did not purchase any dollars at all in February from the market, but sold USD 530 million.

India's forex reserves inch towards $300 billion mark

Last Updated: Friday, March 21, 2014, 19:28

The reserves had jumped by USD 1.09 billion to USD 295.45 billion in the previous reporting week.

Forex reserves jump from $1.09 billion to $295.45 billion

Last Updated: Friday, March 14, 2014, 19:51

Foreign exchange reserves jumped from USD 1.088 billion, to touch USD 295.45 billion due to an increase in foreign currency assets, the Reserve Bank of India (RBI) said here on Friday .

Forex reserves rise $954.6 mn to $294.3 bn

Last Updated: Friday, March 07, 2014, 18:41

The country's foreign exchange reserves rose by USD 954.6 million to USD 294.36 billion on account of gains in the value of gold reserves, the Reserve Bank said on Friday.

Forex reserves edge lower to $293.41 bn as of Feb 21: RBI

Last Updated: Friday, February 28, 2014, 21:18

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

Forex reserves rise $1.46 bn to $293.79 billion

Last Updated: Friday, February 21, 2014, 20:04

India's foreign exchange reserves surged by USD 1.46 billion to USD 293.79 billion in the week ended February 14 on account of increase in the currency assets, the Reserve Bank said Friday.

Forex reserves drop $1.17 bn to $291 bn

Last Updated: Friday, February 07, 2014, 20:22

India's foreign exchange reserves fell by USD 1.168 billion to USD 291.07 billion in the week ended January 31 on the back of decline in the core component of the reserves, Reserve Bank said Friday.

India's forex reserves up $157 million

Last Updated: Saturday, February 01, 2014, 20:16

The value of India's gold reserves remained stagnant at USD 19.72 billion.

Forex reserves plunge sharply to $292 billion

Last Updated: Friday, January 24, 2014, 21:47

During the week under review, the gold reserves were unchanged USD 19.724 billion.

India's forex reserves surge $179 million to $293 billion

Last Updated: Friday, January 17, 2014, 20:00

India's foreign exchange reserves rose by USD 177.8 million to USD 293.28 billion in the week ended January 10 on the back of a healthy rise in a key component of the assets, Reserve Bank said Friday.