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Mumbai (Maharashtra) , May 4 (ANI): India’s foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed. Despite eight consecutive rises in the Forex the reserve remained below the all time high of USD 704.885 billion which was achieved in the last September previous year. Show Full Article The RBI data shows that foreign currency assets (FCAs) witnessed an...

New Delhi , March 19 (ANI): Despite improvements in the current account deficit, muted net foreign direct investment (FDI) and continued outflow of foreign portfolio investment (FPI) suggest that the overall balance of payments (BoP) will continue to face pressure, said a report by ICICI Bank Global Markets. Highlighting the impact of FDI and FPI, the report said, the capital account outlook remains subdued due to lower FDI and continued FPI outflows. Show Full Article Net FDI inflows were just USD 1.2 billion in Apr-Dec 2024, compared to USD 7.8...

Mumbai (Maharashtra) , March 12 (ANI): Indian stock markets continue to follow the trends of previous session on Wednesday and ended flat in the volatile session, as investor’s sentiment impacted by the concerns such as overvaluation, threats of tariff war, and currency depreciation. At the end of today’s trading session in the Indian markets, the BSE Sensex stood at 74,029.76, down 72.56 points or 0.10 per cent and the Nifty at National Stock Exchange was down 27.40 points or 0.12 per cent at 22,470.50. Show Full Article At NSE, the...

New Delhi , March 9 (ANI): India’s foreign exchange reserves slumped in the week that ended on February 28, as per latest RBI data. In the week under consideration, the foreign exchange reserves declined by USD 1.781 billion to USD 638.698 billion. Show Full Article Forex reserves had slumped for about four months, recently hitting an 11-month low. Then followed the latest rollercoaster movement, with gains some weeks and declines the next. Forex reserves started falling after touching an all-time high of USD 704.89 billion in September. They are now...