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Currencies

India’s forex reserves stood at $691.5 billion, says RBI chief

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...
Currencies

India’s forex reserves stood at $691.5 billion, says RBI chief

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...
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Insight Investments Appoints Robert Kolek to Chief Financial Officer

COSTA MESA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Insight Investments, LLC today announced that Robert Kolek has been appointed as Chief Financial Officer (CFO). He will oversee Insight Investments' financial management including planning and analysis, accounting, corporate reporting, treasury, and tax. "We are thrilled to welcome Rob as our new Chief Financial Officer,” said Christopher Czaja, President of Insight Investments, LLC. "His financial strategy expertise and industry experience are an ideal fit for our dynamic and growing business. We look forward to Rob's valuable contributions as we continue on...