Browsing Tag
Reserve Bank
Dollar hits fresh peak against yen on bets for aggressive Fed
The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view that the Federal…
RBI gets more aggressive on forwards to save rupee
In a move to contain theliquidity impact of its foreign exchange operations, the Reserve Bank of India sold a record $18 billion in the forward markets in June to defend the currency as the…
Gold imports up 6.4% to $12.9 billion in April-July this fiscal
In July 2022, however, imports of the precious metal fell sharply by 43.6% to $2.4 billion, as per the latest data released by the Commerce Ministry.
In July 2022, however, imports of the…
Rupee rises 17 paise to close at 79.23 against U.S. dollar
The rupee appreciated by 17 paise to close at 79.23 (provisional) against the U.S. dollar on Friday after the Reserve Bank hiked interest rates by 50 basis points. At the interbank foreign…
Payment aggregators can apply again to RBI
The Reserve Bank of India has opened another window for payment aggregators to seek regulatory approval as the discontinuation of those without the license could lead to disruptions in the…
Forex reserves down for third straight week at $572 billion
The country's foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb the…
India’s external debt at $620.7 billion as of March 2022
India's external debt rose 8 percent in FY'22 to $620.7 billion as short-term debt rose 20 per cent during the year. But debt to GDP ratio declined marginally to 19.9 percent, according to…
FPIs’ exodus continues; pull out Rs 46,000 cr from Indian equities in June so…
New Delhi: Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and…
RBI extends card tokenisation deadline by three months
The Reserve Bank of India (RBI) on Friday announced the extension of the deadline for tokenisation of debit and credit cards by another three months to September 30, 2022. The RBI had…