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India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

India Foreign Exchange Billion Rupee Reserve Reserves

1 week 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 Indian Decline Rupee Reserves

1 week, 4 days ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Billion Low Rupee Reserve 10 Paise Paise Forex

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 Crore Billion Rbi Usd Reserve Forex

3 weeks ago

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis

Live Mint

Bangladesh has slashed its electricity imports from India’s Adani Power by half, citing reduced winter demand and unresolved payment issues amounting to hundreds of millions of dollars, according to government officials, as reported by Reuters. Adani Power reduced its supply on October 31, citing delayed payments from Bangladesh, grappling with a foreign exchange crisis. High Costs Under Scrutiny Adani’s power …

India Bangladesh Power Reuters Adani Bpdb

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

Live Mint

India's foreign exchange reserves extended losses for the eighth consecutive week to hit a five-month low after dropping by $47 billion cumulatively in the last seven weeks. The forex reserves dropped by $1.31 billion to $656.582 billion for the week ended November 22, Reserve Bank of India data showed on Friday. Forex traders said dollar demand from importers for meeting …

India Trump Billion Cent Foreign Rbi Low

1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India Currency Billion Foreign Rbi Low Rupee

1 month, 1 week ago

Forex card vs debit card: Which helps save on markup fees?

Live Mint

When travelling abroad, travellers can choose between cash and card for payments. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside India. Assuming the cardholder used a debit card on the Visa network, swiping the card for payments worth $500 would debit …

Visa Currency Cards Rate Hdfc Bank Hdfc Debit Card

1 month, 2 weeks ago

ED raids five locations in Mumbai in connection with illegal forex sale case

India Today

The Enforcement Directorate's Mumbai zonal office conducted search operations at five locations in Mumbai in connection with a case of suspected illegal sale and distribution of Forex by FFMCs. The raids were conducted on Thursday under the provisions of the Foreign Exchange Management Act, 1999 at premises of Kuntilaa Forex Pvt Ltd, Shagun Enterprises, Capital India Finance Ltd and MDB …

Mumbai Pvt Forex Illegal Sale Kuntilaa Forex Pvt Ltd Capital India Finance Ltd

1 month, 2 weeks ago

ED seizes 4.6cr forex in FEMA probe

Hindustan Times

MUMBAI: The Mumbai unit of the Enforcement Directorate seized foreign currencies worth ₹4.6 crore during searches at five locations in the city, mainly at the premises of four entities that are Full-Fledged Money Changers. ED seizes 4.6cr forex in FEMA probe The investigation was initiated based on observations related to unusual financial activities during the financial year of 2022-23 in …

Foreign Exchange Fema Foreign Rbi Forex Kfpl

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, …

India Foreign Exchange Billion Rbi Rupee Making

1 month, 4 weeks ago

How a Low Forex Markup Fee Can Save You Money on International Transactions

Live Mint

Credit cards with low forex markup fees can help users save money on international transactions and currency exchanges. A low markup fee means that banks and credit card companies charge a smaller percentage to convert currencies, resulting in lower transaction costs and potentially significant savings. This benefit is particularly valuable for frequent travellers who make numerous international payments. Additionally, low …

Travel Finance Savings Currency

2 months, 2 weeks ago

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone

Live Mint

India's foreign exchange reserves have reached a new milestone, crossing the $700 billion mark for the first time. This surge has been driven by valuation gains and dollar purchases made by the RBI. India is now only the fourth economy in the world to reach this significant milestone, joining China, Japan, and Switzerland.

3 months, 1 week ago

India's forex reserve gained $66 billion in 2024, may cover year of projected imports

India TV News

India's foreign exchange reserves have been increased by $66 billion this year as it continue to rise for months, hitting several all-time highs. In contrast, India's foreign exchange reserves saw a decline of $ 71 billion in 2022. Forex reserves, or foreign exchange reserves, are assets held by a nation's central bank or monetary authority. Foreign exchange reserves are generally …

India Billion Rbi Reserve Foreign Exchange Reserves Forex Reserves

3 months, 2 weeks ago

Best Practices for using your Forex card for hotel and car rentals

Hindustan Times

Business trips and leisure trips involve the use of money from other countries, thus involving working with foreign currency. The first advantage of using a Forex card is when money is put in a card, the rate for currency exchange remains invulnerable irrespective of the frequent changes in the general rates. Duration of the Hold: Even in the case when …

Money Car Card Hotel Foreign Hindustan Times Rental

4 months ago

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

The Hindu

The Indian rupee appreciated 11 paise to 83.84 against the U.S. dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows. “The rupee emerged as the least volatile among its peer currencies, a testament to the RBI’s decisive actions, which were further reflected in the nearly $5 billion dip in India’s Forex …

India Billion Rupee 11 Paise Forex Pabari

4 months, 1 week ago

Price instability rocks Ethiopia as it reels from forex reforms

The Hindu

The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital. That was no mistake, the waiters said, as businesses in Addis Ababa struggle to keep up with spiralling inflation since the government implemented a flexible exchange rate policy late last month. “Previously, prices would be updated bi-monthly but nowadays it’s on a …

Prices Price Ethiopia

4 months, 3 weeks ago

Ethiopia receives IMF relief after easing forex curbs

The Hindu

Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. “This a landmark moment for Ethiopia” and the loan is a testament to the country’s “strong commitment to transformative reforms”, IMF Managing Director Kristalina Georgieva said in …

Market Bank Foreign Imf Ethiopia Nbe

4 months, 3 weeks ago

Ethiopia currency slides as central bank eases forex curbs

Hindustan Times

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent. Ethiopia currency slides as central bank eases forex curbs The major reform was unveiled as the deeply indebted country awaits a multi-billion dollar deal on crucial funding from the …

Central Bank Bank Currency Nbe Curbs Ethiopia

4 months, 4 weeks ago

ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore

India Today

The Enforcement Directorate has conducted search operations at various locations linked to the forex trading platform OctaFx, which is accused of defrauding investors to the tune of several crores. The ED initiated the investigation against the platform based on an FIR filed in Pune, which accuses several individuals of cheating investors by projecting false promises of high returns through the …

Trading Crore Ted Octafx Forex Trading

5 months, 3 weeks ago

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here

News 18

India’s foreign exchange reserves increased by $816 million to $653.711 billion during the week ended June 21, according to the latest RBI data. According to the latest RBI data released on June 28, India’s gold reserves rose $988 million to $56.956 billion during the week ended June 21, while the special drawing rights fell $57 million to $18.049 billion. For …

India Billion Million Rbi Reserves Forex Reserves

6 months ago

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI

India TV News

In its latest report, the Reserve Bank of India said that India's foreign exchange reserves witnessed a decline of USD 2.922 billion to reach USD 652.895 billion as of June 14. Specifically, foreign currency assets, a pivotal component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion during the same period, as indicated by the data released …

India Billion Rbi Usd Reserves

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 …

India Billion Foreign Rbi Usd Reserve Exchange

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 …

India High Billion Foreign Reserves

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Articles for Forex, search results for exchange

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

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

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

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

Bangladesh cuts power imports from Adani Power by half amid payment disputes, bribery charges, forex crisis

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Forex card vs debit card: Which helps save on markup fees?

ED raids five locations in Mumbai in connection with illegal forex sale case

ED seizes 4.6cr forex in FEMA probe

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

How a Low Forex Markup Fee Can Save You Money on International Transactions

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone

India's forex reserve gained $66 billion in 2024, may cover year of projected imports

Best Practices for using your Forex card for hotel and car rentals

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

Price instability rocks Ethiopia as it reels from forex reforms

Ethiopia receives IMF relief after easing forex curbs

Ethiopia currency slides as central bank eases forex curbs

ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI

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

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