Note In Circulation Rise 8 Per Cent Annually To Rs 32 Lakh Crore: FM Nirmala Sitharaman
2 years ago

Note In Circulation Rise 8 Per Cent Annually To Rs 32 Lakh Crore: FM Nirmala Sitharaman

ABP News  

Finance Minister Nirmala Sitharaman on Monday said note in circulation has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The Consumer Food Price Inflation has declined from 7.01 per cent in October 2022 to 4.67 per cent in November 2022, he said, adding the all-India average retail prices of the pulses have not exhibited any sharp and consistent increase in recent months. In another reply, Chaudhary said the total Foreign Direct Investment inflow in the country increased from USD 81,973 million in FY21 to USD 84,835 million in FY22, reflecting increased foreign investment opportunities in the country. To promote FDI, he said, the government has put in place an investor-friendly policy, wherein most sectors, except certain strategically important sectors, are open for 100 per cent FDI under the automatic route.

India Cent Rbi Note Chaudhary Fdi Stock Exchange Circulation Rise  limited  fdi  rbi  stock  exchange  sitharaman  fm  growth  cent  promote  transactions  rs  reply  crore  note  circulation  rise  lakh  nirmala

History of this topic

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha
1 week, 1 day ago

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha

Live Mint  

New Delhi, December 16 : The government on Monday clarified that the recent decline in India's foreign exchange reserves is not the highest decline in the country's history. Minister of State for Finance, Pankaj Chaudhary, stated in a written reply in the Lok Sabha that the reserves declined by 2.63 per cent during the week ending November 15, 2024, compared …

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty
2 weeks, 2 days ago

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Live Mint  

India's foreign exchange reserves have seen a resurgence after an eight-week decline that pushed them to multi-month lows. According to data released by the Reserve Bank of India earlier this week, reserves increased by USD 1.51 billion, reaching USD 658.091 billion for the week ending November 29. This recovery follows a sustained dip from September's all-time high of USD 704.89 …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
3 weeks, 2 days ago

India’s foreign exchange reserves decline for eighth consecutive week

Live Mint  

New Delhi, December 1 : India's foreign exchange reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India showed. The latest RBI data showed that India's foreign currency assets, the largest component of forex reserves, stood at USD 566.791 …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
1 month, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News  

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

Indian shares set to open higher after bumper U.S. Fed rate cut
3 months ago

Indian shares set to open higher after bumper U.S. Fed rate cut

The Hindu  

Indian shares are set to open marginally higher on Thursday as the U.S. Federal Reserve started its monetary easing cycle with a large 50-basis-point rate cut. The GIFT Nifty was at 25,453.5 points as of 08:08 a.m. IST, indicating the NSE Nifty 50 will open slightly above its close of 25,377.55 on Wednesday. "This rate cut will facilitate inflows to …

India's forex reserves touch fresh highs at USD 655.8 billion
6 months, 1 week ago

India's forex reserves touch fresh highs at USD 655.8 billion

Op India  

India’s foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India showed. According to the latest data released by the Reserve Bank of India, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD …

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion
6 months, 2 weeks ago

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion

News 18  

India’s forex reserves jumped $4.837 billion to a new all-time high of $651.51 billion for the week ended May 31, according to the latest RBI data. “Touching a new milestone, India’s foreign exchange reserves reached a historical high of $651.5 billion as on May 31,” RBI Governor Shaktikanta Das said in his statement while announcing the bimonthly policy review. Sanjeev …

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion
6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18  

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
6 months, 4 weeks ago

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government

The Hindu  

The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh …

FPIs offload Rs 16K crore equities in three sessions as tensions in Middle East surge
8 months ago

FPIs offload Rs 16K crore equities in three sessions as tensions in Middle East surge

New Indian Express  

NEW DELHI: Foreign Portfolio Investors have offloaded equities worth about Rs 16,000 crore in the last three trading sessions amid a sharp correction in local stocks caused by escalating geopolitical tension in the Middle East and diminishing hope of an early rate cut by the US Federal Reserve. Triggered by proposed changes in the India-Mauritius tax treaty, foreign investors offloaded …

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion
8 months, 2 weeks ago

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Live Mint  

India's foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, data released by the the Reserve Bank of India showed on Friday, April 5. The forex kitty had increased $140 million to $642.631 billion in the previous reporting week, according to RBI data. For the week ended March 29, the foreign currency assets, a …

RBI reiterates need for underlying forex exposure for rupee derivatives transactions
8 months, 2 weeks ago

RBI reiterates need for underlying forex exposure for rupee derivatives transactions

Live Mint  

The Reserve Bank of India has reiterated that underlying foreign exchange exposure is necessary for transacting in exchange-traded currency derivatives. According to an RBI circular dated 5 January, which was meant to come into effect from today, both proprietary traders and retail investors were required to show either contracted or anticipated currency exposure to engage in the currency derivatives segments …

India’s exchange-traded currency derivates volumes to plunge by 80% over RBI’s new hedging rule
8 months, 3 weeks ago

India’s exchange-traded currency derivates volumes to plunge by 80% over RBI’s new hedging rule

Live Mint  

The soon-to-be-implemented regulation by the Reserve Bank of India saying exchange-traded rupee derivative transactions can be used only for hedging will cause volumes to plunge more than 80 per cent, in a major blow to the segment, several brokers told news agency Reuters. The central bank said it would allow exchanges to offer forex derivative contracts involving the rupee only …

India's forex exchange reserves at over two-year high
9 months, 1 week ago

India's forex exchange reserves at over two-year high

Op India  

India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India. Before March 8 week, the foreign exchange reserves rose by USD 6.554 billion to USD 625.626 billion, data showed. During the latest week, India’s foreign currency assets, …

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February
9 months, 3 weeks ago

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February

India TV News  

Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under …

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
1 year ago

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

Firstpost  

India’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December …

India's June quarter current account deficit narrows to 1.1 per cent: RBI
1 year, 2 months ago

India's June quarter current account deficit narrows to 1.1 per cent: RBI

Hindustan Times  

India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday. The net external commercial borrowings to India recorded an inflow of USD 5.6 billion in the quarter compared to an outflow of USD 2.9 billion a year ago, the RBI said The current account deficit, …

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin
1 year, 5 months ago

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin

News 18  

The rain deficit in India is rapidly closing amid a highly cyclone-skewed distribution, and manufacturing and services activity in the country remains in expansion albeit with some sequential moderation in June, according to the RBI’s latest report released on Monday, July 17. It said India’s foreign exchange reserves increased $71.8 billion since October 21, 2022, and stood at $596.3 billion …

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion
1 year, 7 months ago

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

India TV News  

Business news : India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. Coming back to RBI's latest data, India's …

India’s forex reserves rise at fastest pace since August 2021
2 years, 1 month ago

India’s forex reserves rise at fastest pace since August 2021

Live Mint  

India's foreign exchange reserves rose to $544.72 billion in the week through November11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's weekly statistical supplement showed on Friday. The Reserve Bank of India sold $10.36 billion worth of foreign currency on a net basis in September. Data released showed sales in September were 144 …

What doctor ordered for Indian economy: Demand revival
2 years, 1 month ago

What doctor ordered for Indian economy: Demand revival

Live Mint  

The Indian economy has been recording relatively healthy growth amid global turmoil. The International Monetary Fund and World Bank have lowered India’s estimated gross domestic product growth to less than 7% for the fiscal year 2022-23, with forecasts of a further fall in growth for 2023-24. However, as far as India’s industrial sector is concerned, investment plans would be more …

Indian stock indices extend gains to third week, rupee appreciates slightly
2 years, 1 month ago

Indian stock indices extend gains to third week, rupee appreciates slightly

Firstpost  

All the Nifty sectoral indices were in the green this morning, with Nifty IT and Nifty pharma rising the most New Delhi: The rally in Indian stock indices continued for the third straight week as they jumped during ten out of the past 11 sessions. Coming to specific stocks, Tech Mahindra, Maruti Suzuki India, Dr Reddy’s, Eicher Motors, and Divi’s …

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman
2 years, 2 months ago

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

The Hindu  

The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union Finance Minister Nirmala Sitharaman said. Two-thirds of the decline in reserves is due to valuation changes arising from an appreciating U.S. dollar and higher U.S. bond yields,” Ms. Sitharaman said. “‘Tense’ and ‘uncertain’ geopolitical environment could trigger supply concerns …

India is on track to attract USD 100 bn FDI this fiscal: Govt
2 years, 3 months ago

India is on track to attract USD 100 bn FDI this fiscal: Govt

India TV News  

Highlights India is on track to attract USD 100 billion foreign direct investment in the current fiscal In 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion FDI equity inflows in India dipped by 6 per cent to USD 16.6 billion during April-June period India is on track to attract USD 100 billion foreign direct investment …

India's forex reserves rises after four weeks of fall
2 years, 4 months ago

India's forex reserves rises after four weeks of fall

India TV News  

India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by foreign investors in the Indian equity market. The country's foreign exchange reserves rose by $2.315 billion to $573.875 billion during the week ending June 29, according to the Reserve Bank of India's weekly supplementary …

What are the benefits of foreign exchange reserves?
2 years, 5 months ago

What are the benefits of foreign exchange reserves?

Live Mint  

India's foreign exchange reserves declined by a $8.062 billion to $580.252 billion in the week ended July 8, according to Reserve Bank of India data. The foreign exchange reserves stood at $412.9 billion in March 2019, $459.9 billion in December 2019, $477.8 billion in March 2020, and $585.8 billion in December 2020. Optimum level of forex It is significant to …

RBI eases overseas borrowing to spur forex inflows
2 years, 5 months ago

RBI eases overseas borrowing to spur forex inflows

The Hindu  

The Reserve Bank of India on Wednesday announced a slew of temporary measures aimed at boosting foreign exchange inflows, including a doubling in the overseas borrowing limit for eligible corporates and removal of interest rate ceilings for NRIs’ foreign currency deposits. “It has been decided that with effect from the reporting fortnight beginning July 30, incremental FCNR and NRE deposits …

Explainer | The free fall of the rupee
2 years, 5 months ago

Explainer | The free fall of the rupee

The Hindu  

The story so far: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar on Wednesday. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the …

India's Forex Reserves Continuous Decline: Falling Rupee, FPI Outflows Worsen Situation
2 years, 5 months ago

India's Forex Reserves Continuous Decline: Falling Rupee, FPI Outflows Worsen Situation

News 18  

In a third straight week of decline, India’s forex reserves have fallen $5.87 billion in the week ended June 17, amid continued outflow of foreign portfolio investments due to growing concerns over global slowdown. Foreign Investment Outflows FPIs have been incessantly withdrawing money from Indian equities since October 2021, which is depleting India’s foreign exchange reserves majorly. Continuous Rupee Decline …

Forex reserves fall by $28.05 bn in September-March: RBI report
2 years, 7 months ago

Forex reserves fall by $28.05 bn in September-March: RBI report

The Hindu  

The country's foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report. Reserve Bank of India publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure. "During the …

Foreign exchange reserves comfortable: Pankaj Chaudhary
3 years, 5 months ago

Foreign exchange reserves comfortable: Pankaj Chaudhary

Live Mint  

India’s foreign exchange position is comfortable with a reserve of $608.9 billion as on 25 June, minister of state for finance Pankaj Chaudhary informed the Lok Sabha on Monday. India is the fifth largest holder of foreign exchange reserves after China, Japan, Switzerland and Russia, the minister said in a written reply to a question. India’s reserves are comfortable in …

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data
3 years, 5 months ago

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data

News 18  

The country’s foreign exchange reserves in nominal terms, including the valuation effects, increased by $ 99.2 billion during the financial year 2020-21, compared to $ 64.9 billion in the preceding year, RBI data showed. On a balance of payments basis, foreign exchange reserves increased by $ 87.3 billion during FY 2020-21, as against an increase of $ 59.5 billion during …

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer
3 years, 10 months ago

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer

Firstpost  

Himanshu Srivastava, associate director, manager research, Morningstar India, attributed the strong inflows in February to “the positive sentiments around the equity markets after the Union Budget” New Delhi: Continuing their buying trend, foreign portfolio investors have pumped in a net Rs 22,038 crore into the Indian markets in February so far amid positive sentiments around the Union Budget. According to …

A currency strategy that’s drawing more hot money to India
3 years, 10 months ago

A currency strategy that’s drawing more hot money to India

Live Mint  

The Reserve Bank of India’s strategy to shift some of its rupee intervention to the forwards market is adding to its problems. Its balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds, prompting a vicious cycle of interventions. “The forwards curve has become …

Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K
3 years, 10 months ago

Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K

Deccan Chronicle  

Mumbai: The BSE benchmark Sensex zoomed over 1,700 points and the NSE Nifty reclaimed the 14,000-level driven by gains in financial stocks on Monday after Finance Minister Nirmala Sitharaman presented the Union Budget, which anlaysts believe is a "growth-oriented" effort. After touching an intra-day high of 48,004.71, the 30-share Sensex was trading 1,660.99 points or 3.59 per cent higher at …

RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves
4 years, 2 months ago

RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves

News 18  

In a bid to improve its functioning, the Reserve Bank has decided to move to the Next Generation Treasury Application for managing the country’s foreign exchange and gold reserves. The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income, Forex, Money Market and Gold. “RBI proposes to …

Demonetisation's Economic Boon: A Year Later
7 years, 1 month ago

Demonetisation's Economic Boon: A Year Later

India TV News  

Demonetisation has led to multiple benefits for the Indian economy, including the reduction of black money, elimination of fake notes, and reduction in cash in circulation. The total currency in circulation has come down to Rs 14.75 lakh crore as of August 4, 2017, from Rs 17.77 lakh crore. Only 83 per cent is the effective currency in circulation today …

Discover Related