India Foreign Exchange

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

Bollywood actor Yami Gautam has been summoned by the Enforcement Directorate in Mumbai on Wednesday for alleged violation of the Foreign Exchange Management Act (FEMA).

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The forex kitty had surged by $3.074 billion to a record high of $608.081 billion in the previous reporting week.

The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.

The Indian rupee slumped 24 paise to breach the 74 per dollar level on Monday as participants turned risk-averse.

Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.

The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA).

The Enforcement Directorate issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA).

Shaktikanta Das on Friday said India's foreign exchange reserves may have crossed record level of $600 billion on the back of robust capital flows.

Ahead of the BRICS Foreign Ministers' meeting, China said on Tuesday that it looks forward to exchanging views, coordinating positions and building up consensus with other members of the five-member bloc on the most urgent issues of common concern.

External Affairs Minister S Jaishankar will chair a meeting of BRICS foreign ministers on Tuesday in which the leaders will exchange views on COVID-19 pandemic and global and regional issues of concern, sustainable development and countering terroris

RBI Data: Gold reserves increased by $34 million to $35.354 billion in the reporting week.

Russian Foreign Minister Sergey Lavrov has emphasised the need for the inclusion of the Taliban in any political settlement of Afghanistan.

The World Bank has signed agreements with Pakistan to provide a loan of USD 1.336 billion for assistance to boost the cash-strapped country's foreign exchange reserves and help support social sector programmes.

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

Bollywood actor Yami Gautam has been summoned by the Enforcement Directorate in Mumbai on Wednesday for alleged violation of the Foreign Exchange Management Act (FEMA).

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The forex kitty had surged by $3.074 billion to a record high of $608.081 billion in the previous reporting week.

The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.

The Indian rupee slumped 24 paise to breach the 74 per dollar level on Monday as participants turned risk-averse.

Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.

The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA).

The Enforcement Directorate issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA).

Shaktikanta Das on Friday said India's foreign exchange reserves may have crossed record level of $600 billion on the back of robust capital flows.

Ahead of the BRICS Foreign Ministers' meeting, China said on Tuesday that it looks forward to exchanging views, coordinating positions and building up consensus with other members of the five-member bloc on the most urgent issues of common concern.

External Affairs Minister S Jaishankar will chair a meeting of BRICS foreign ministers on Tuesday in which the leaders will exchange views on COVID-19 pandemic and global and regional issues of concern, sustainable development and countering terroris

RBI Data: Gold reserves increased by $34 million to $35.354 billion in the reporting week.

Russian Foreign Minister Sergey Lavrov has emphasised the need for the inclusion of the Taliban in any political settlement of Afghanistan.

The World Bank has signed agreements with Pakistan to provide a loan of USD 1.336 billion for assistance to boost the cash-strapped country's foreign exchange reserves and help support social sector programmes.