News WrapGet Handpicked Stories from our editors directly to your mailbox


India's forex reserves drop by USD 33 mn: RBI data

The overall forex reserves inched down to USD 400.85 billion from USD 400.88 billion reported for the week ended August 10, according to the RBI.

Aug 24, 2018, 21:09 PM IST

Idea Cellular suspends interconnect services with Aircel citing dues

Idea said it will restore interconnect services immediately after Aircel makes the payment, but did not specify the outstanding amount.

Feb 07, 2018, 23:48 PM IST

Forex reserves at life-time peak of $375.71 billion

The reserves had risen by $1.594 billion to $372.73 billion in the previous week.

May 12, 2017, 18:36 PM IST

Forex reserves move up $2 billion to $369.95 billion

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

Apr 07, 2017, 18:30 PM IST

Forex reserve at record high of $367.169 billion

The country's foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).

Aug 26, 2016, 19:28 PM IST

World Bank to issue SDR bonds in China

China's central bank today permitted a division of the World Bank to issue bonds denominated in special drawing rights (SDR) in the country's interbank bond market.

Aug 12, 2016, 20:14 PM IST

Lok Sabha to take up Debt Recovery Bill on Monday

The government is scheduled to move in the Lok Sabha on Monday an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.

Jul 31, 2016, 16:31 PM IST

India's foreign exchange reserves rise to $363 billion

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) said.

May 07, 2016, 13:32 PM IST

RBI sets rupee reference rate at 66.6088 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 66.6088 against the US dollar and 75.3012 for the euro.

Mar 18, 2016, 13:58 PM IST

Forex reserves down by $3.58 bn to $346.79 bn

Country's foreign exchange reserves declined by a whopping USD 3.58 billion to USD 346.79 billion in the week ended February 26, on account of fall in foreign currency assets (FCAs), according to Reserve Bank

Mar 04, 2016, 19:44 PM IST

RBI says looking at bank powers to tackle stressed assets

The Reserve Bank of India (RBI) said on Friday it would look at the way banks use regulations intended to help them tackle a crippling bad debt burden, as concerns grow that lenders are using the measures to camouflage troubled loans instead.


Dec 11, 2015, 18:33 PM IST

SDR, the IMF`s special international reserve asset

The Special Drawing Right has been the International Monetary Fund`s "artificial currency" since 1969, used notably to calculate the interest rates it charges on loans to member states.

Nov 29, 2015, 09:50 AM IST

China seeking yuan role in IMF reserve currency

China is in talks with the International Monetary Fund for the Washington-based institution to add the yuan to its basket of reserve currencies, a top banking official said Thursday as Beijing seeks a greater global role for the unit.

Mar 12, 2015, 16:57 PM IST

Forex reserves hit new high at over USD 338 bn

Foreign exchange reserves rallied to a new life-time high at USD 338.079 billion, an increase of USD 3.886 billion in the week to February 27, on account of higher foreign currency assets.

Mar 08, 2015, 11:54 AM IST

India's forex reserves up $3.88 bn

India`s foreign exchange reserves increased by USD 3.88 billion to USD 338.07 billion for the week ended Feb 27, Reserve Bank of India (RBI) data showed.

Mar 07, 2015, 14:24 PM IST

Forex reserves decline to $314.6 billion

The country's gold reserves, too, dropped by USD 753.2 million to USD 18.985 billion.

Dec 12, 2014, 19:47 PM IST

Forex reserves down by USD 672.4 million to USD 314.87 billion

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and the yen held in reserves.

Nov 28, 2014, 21:37 PM IST