RBI gold reserves: Central banks acquire gold as a strategy to diversify their foreign exchange holding. (AI image) The Reserve Bank of India brought home only 1.53 tonnes of gold in the second half of the financial year ending March 2025. According to recent RBI data released on Monday, the central bank got home only…
NEW DELHI: A sustained escalation in tension with India could hurt Pakistan’s growth, impact its fiscal consolidation and macroeconomic stability, Moody’s Rating warned on Monday.In contrast, it does not expect a significant impact on India, apart from higher defence spending weighing on govt’s fiscal consolidation plan.Pakistan was on the brink of bankruptcy until the International…
RBI governor Sanjay Malhotra (File photo) MUMBAI: Despite rising protectionism around the world, India remains committed to market reforms, according to Sanjay Malhotra, governor of the Reserve Bank of India. Speaking at an event organised by the Confederation of Indian Industry and the US India Strategic Partnership Forum on Friday, Malhotra pointed to the new…
MUMBAI: Foreign exchange reserves fell by nearly $18 billion in the week ending Nov 15-the sharpest fall on record-as global investors continued pulling out funds from Indian stock markets.According to RBI data, forex reserves declined by $17.8 billion to $657.9 billion during that week. The decline was largely due to a $15.5 billion drop in…
NEW DELHI: India’s foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week that ended on July 19, according to the Reserve Bank of India (RBI) on Friday.The overall reserves had jumped by $9.699 billion to an all-time high of $666.854 billion in the last week that concluded on July 12.The…
NEW DELHI: India’s foreign exchange reserves rose for the second consecutive week, reaching a new all-time high of $ 655.817 billion for the week ended June 7, as reported by the Reserve Bank of India (RBI) on Friday. The reserves rose by $4.3 billion, bringing the total to $ 651.51 billion.The previous record for the…
NEW DELHI: India’s foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 2.828 billion to USD 640.334 billion in…
The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion as…
