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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

4 days, 5 hours ago

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

India TV News

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.235 billion to USD 654.857 billion. For the week ended December 13, foreign currency assets, a major component of the reserves, decreased …

India Billion Usd Reserves Forex Reserve

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 ago

Best credit cards for international students: Top 3 picks for abroad

Live Mint

If you are a student planning to pursue education abroad, financing your expenses might be the biggest challenge. Features of a student credit card Fees and charges: Most student credit cards do not levy any joining fees and have minimal annual fees compared to a usual credit card. Validity: The validity for most student credit cards is around five years, …

Students Credit Credit Cards Card Cards Abroad This Card

1 week, 4 days ago

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

Live Mint

Credit cards: Are you all set for vacations as the year comes to a close? Joining fee: ₹12,500 SBI ELITE Credit Card The SBI ELITE Credit Card Foreign offers a currency mark-up charge of 1.99 per cent on international usage. Joining fee: ₹4,999 HDFC Regalia Gold Credit Card This credit card has a foreign currency markup charge of 2 per …

India International Credit Offers International Travel Credit Cards Card

1 week, 6 days ago

New Challenges for New RBI Governor

Deccan Chronicle

The new year 2025 is going to see a new and very different MPC composition with three newly appointed external MPC members in October 2024, being now joined by the new governor and possibly a new deputy governor in January 2025 with deputy governor Michael Patra's tenure getting over. Entrenched state of India's stagflation, tricky timings and small window of …

India Governor Mpc Revenue Secretary Easing Policy Window

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

3 weeks, 4 days ago

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India TV News

India's forex reserves dropped USD 1.31 billion to USD 656.58 billion for the week ended November 22, the Reserve Bank of India said. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was released on Friday, showed. India's reserve position with …

India Billion Rbi Usd Forex Reserves

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

3 months, 1 week ago

FEMA probe against fund manager: ED seizes ₹12.96 L forex, trace properties in UK

Hindustan Times

MUMBAI: The Enforcement Directorate has seized foreign currency worth around ₹12.96 lakh during searches conducted as part of its FEMA investigation against Viresh Joshi, a former fund manager at Axis Mutual Fund, for alleged contravention of the forex rules. ED initiated its investigation based on an interim order passed by the Securities and Exchange Board of India, which accused Joshi …

India Fema Fund Crore Joshi Allegedly Gains

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

India's forex reserves drop by $4.8 billion to $670.11 billion

Hindustan Times

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9, the Reserve Bank of India said on Friday. India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 In the previous reporting week, the kitty jumped by USD 7.533 billion to an all-time high …

India Billion Usd Reserves

5 months, 3 weeks ago

Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case

India TV News

Actors Karan Wahi and Krystle D'Souza seem to be in trouble as the two were questioned by the Enforcement Directorate in the Forex trading online platform OctaFX case. In the same Forex online trading platform OctaFX case, ED had conducted raids at many places in Mumbai, Chennai, Kolkata and Delhi on April 20 this year. It is alleged that illegal …

India Trading Case Pmla Karan Wahi Forex Octafx

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

Pazee Forex scam: Madras HC discharges TN IPS officer from extortion case

New Indian Express

CHENNAI: In a big reprieve to Tamil Nadu cadre IPS officer, Pramod Kumar, the Madras High Court discharged him from the cases relating to extortion of money from the Pazee Forex India Trading Limited and set aside the orders of a special court for CBI cases and framing of charges against the officer. Justice Vivek Kumar Singh, passing orders on …

Charges Cbi Ips Ips Officer Pramod Kumar Court Framing Pazee Forex

7 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

India Billion Rbi Reserve Reserves

8 months ago

ED conducts search operations in multiple cities in illegal online forex trading case

The Hindu

The Enforcement Directorate, Mumbai Zonal Office, conducted search operations under the Prevention of Money Laundering Act, 2002, at various locations in Mumbai, Chennai, Kolkata, and Delhi on April 18. The operations were carried out as part of an ongoing probe in the case of illegal online forex trading through the OctaFx trading platform, the ED informed on Saturday. “The ED …

India Indian Bank Platform Funds Entities Search Operations

8 months, 1 week ago

₹100 crore fraud: Hawala operators under ED scanner

Hindustan Times

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

India Dubai Agency Hawala Forex Trading Hawala Operators Khute

8 months, 1 week ago

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion

Live Mint

India's foreign exchange reserves increased $2.98 billion to $648.562 billion for the week ended April 5, data released by the the Reserve Bank of India showed on Friday, April 12. In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency …

India Billion Rbi Reserve Forex Reserves

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Articles for Forex, search results for india

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

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

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

Best credit cards for international students: Top 3 picks for abroad

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

New Challenges for New RBI Governor

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 drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

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

FEMA probe against fund manager: ED seizes ₹12.96 L forex, trace properties in UK

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

India's forex reserves drop by $4.8 billion to $670.11 billion

Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case

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

Pazee Forex scam: Madras HC discharges TN IPS officer from extortion case

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

ED conducts search operations in multiple cities in illegal online forex trading case

₹100 crore fraud: Hawala operators under ED scanner

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion