Foreign Currency

India's Forex Reserves Rise By $1.19 Billion To $422.53 Billion

Business | Indo-Asian News Service | Friday March 30, 2018

India's foreign exchange (Forex) reserves rose by $1.19 billion as on March 23, official data indicated on Friday

Man, Woman Caught In Kolkata Trying To Smuggle Foreign Currency In Rectum

Kolkata News | Press Trust of India | Sunday March 25, 2018

A man and a woman have been arrested by DRI officials at the Kolkata airport for allegedly trying to smuggle out foreign currency by hiding it in their body cavities, according to an official statement issued.

More Jet Airways Staff Under Tax Officials' Radar For Forex Smuggling

India News | Press Trust of India | Monday January 15, 2018

Expanding its probe, the Directorate of Revenue Intelligence (DRI) is looking into the role of some more crew members of Jet Airways for their alleged involvement in smuggling of foreign currency, officials said today.

As Jet Airways Air Hostess Is Caught With 3 Crores, Probe Into Airport Security

India News | Written by Neeta Sharma | Wednesday January 10, 2018

As officials investigate a Jet Airways' air hostess, accused of smuggling US currency worth Rs. 3.24 crores, there are indications that the probe will not only try to uncover the international hawala racket but also take a hard look at the possibility of collusion of security officers.

Man Apprehended By The CISF At Kolkata Airport Trying To Smuggle $12,000 To Dhaka

India News | Press Trust of India | Saturday November 4, 2017

An Indian man travelling to Dhaka was held by the CISF today at the Kolkata Airport for allegedly trying to smuggle over $12,000 currency by concealing it in a mobile bank and a charger.

Forex Reserves Reclaim $400 Billion Mark

Business | Indo-Asian News Service | Friday October 20, 2017

Forex reserves kitty increases by $1.50 billion as on October 13, 2017, official data shows.

India's Forex Reserves Cross $400 Billion For The First Time

Business | Press Trust of India | Saturday September 16, 2017

The foreign currency assets (FCAs), a major component of the overall reserves, increased by $2.568 billion to $376.209 billion for the reporting week, according to data by the Reserve Bank of India (RBI).

India's Forex Reserves Rise To Nearly $400 Billion

Business | Indo-Asian News Service | Saturday September 9, 2017

foreign currency assets (FCAs), a major portion of the overall reserves, increased by $2.808 billion, to $373.641 billion for the week ended September 1.

India Inc's Overseas Borrowing Jumps 57% To $1.89 Billion In July

Business | Press Trust of India | Wednesday August 23, 2017

The sources of funds raised in July this year included external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs).

Forex Reserves Hit Fresh Life-time High Of $393 Billion

Business | Press Trust of India | Friday August 11, 2017

Foreign currency assets rose by $964.4 million to $369.723 billion, according to RBI.

Two Held At Pune Airport For Smuggling Rs 1.2 Crore In Boxes Full Of 'Upma'

Offbeat | NDTV Offbeat Desk | Wednesday August 9, 2017

Hot cases filled with 'upma' - a dish traditionally eaten for breakfast - have landed two in a hot mess. Two passengers, scheduled to fly to Dubai, were caught at the Pune airport trying to smuggle foreign currency worth Rs 1.29 crore. They had hidden the money in hot cases filled with 'upma'.

Tribunal Reserves Order On Bhushan Steel Bankruptcy Petition

Business | Press Trust of India | Wednesday July 19, 2017

SBI is claiming recovery of Rs 4,295 crore from Bhushan Steel and $490 million for foreign currency loan.

Customs Agents Seize Foreign Currency Worth Rs 93 Lakh At Delhi Airport

Delhi News | Press Trust of India | Saturday July 15, 2017

Foreign currency worth about Rs 93 lakh has been seized from a man by the customs department at Indira Gandhi International Airport in Delhi, officials said today.

Indian Bank Revises Interest Rates For Foreign Currency Non-Resident Deposits

Business | Press Trust of India | Tuesday July 4, 2017

Indian Bank said it has been authorised by the Central Board of Excise and Customs to collect GST through its branches.

JSW Steel Gets Shareholders' Nod To Raise Over Rs 14,000 Crore

Business | Press Trust of India | Monday July 3, 2017

JSW Steel Managing Director Sajjan Jindal last week after the AGM said the company has received shareholders' approval for an enabling resolution to raise $1 billion in foreign currency convertible bonds.