Mumbai, July 26 (IANS) The weakening of the global chip trade is a positive news for India as foreign portfolio investor (FPI) equity investment through July 24 stood at Rs 14,945 crore, of which Rs 3,167 crore was through exchanges and Rs 11,778 crore through the primary market.Debt inflows continue to be robust. This is partly in response to the debt taxation reforms announced by the government. This month, so far, FPIs continued to be big sellers in markets like South Korea and Taiwan, said a…
Latest Foreign Exchange Reserves News & Updates
New Delhi, July 23 (IANS) Pakistan’s finance minister, Muhammad Aurangzeb, has requested the US Treasury Secretary Scott Bessent for a $10 billion Exchange Stabilisation Support Facility to bolster the country’s foreign exchange reserves and ease debt pressures, a new report has said.The report from India Blooms News Service cited a Dawn report that officials at Pakistan’s embassy in Washington confirmed Aurangzeb’s request in talks with US Treasury Secretary Scott Bessent but did not prov…
New Delhi, July 20 (IANS) Pakistan closed fiscal year 2026 with a near-balanced current account and stronger foreign exchange reserves, but the apparent improvement in its external position is largely driven by record remittance inflows rather than a meaningful expansion in exports or productivity, raising concerns about the sustainability of the country’s economic recovery, a report has said.Pakistan posted a current account deficit of just $139 million in FY26, while the State Bank of Pakistan…
Mumbai, July 17 (IANS) India’s foreign exchange reserves increased by $964 million to $675.16 billion for the week ended July 10, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a sharp rise of $7.26 billion in the previous reporting week, when the country’s forex reserves had climbed to $674.19 billion after reversing the decline recorded earlier.According to the RBI, foreign currency assets (FCAs), the largest component of the country’s forex…
New Delhi, July 4 (IANS) India successfully managed the economic fallout of the West Asia crisis that began on February 28 and continued to remain the fastest-growing major economy in the world with registering strong growth, amid signing free trade agreements (FTAs) and robust domestic consumption, Finance Minister Nirmala Sitharaman said in an interview with leading French newspaper Le Figaro.She told Fabrice Node-Langlois, Editor-in-chief-Economics, that the free trade agreement signed last J…
Mumbai, July 3 (IANS) Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness among NRIs is growing.The banking industry has mobilised an estimated $3-4 billion through FCNR-B deposits so far, according to an NDTV Profit report.Bankers expect inflows to gather pace in the coming weeks, partic…
New Delhi, June 30 (IANS) Rahul Gandhi’s hollow assertion that India is heading towards an “economic tsunami” is far removed from ground realities. Far from facing collapse, the Indian economy has demonstrated remarkable resilience, even amid the ongoing Middle East crisis, supported by robust data from credible institutions. India posted robust 7.7% GDP growth in FY26, the fastest among major economies, according to Reserve Bank of India and Union Ministry of Statistics and Programme Impl…
New Delhi, June 30 (IANS) Pakistan’s foreign direct investment (FDI) fell 28 per cent during the first 11 months of FY26 as persistent regional uncertainty and geopolitical tensions continued to weigh on investor sentiment, a report has said.The report published in Dawn showed that regional instability has negatively impacted Pakistan’s domestic bond and equity markets, with uncertainty prompting foreign investors to stay away despite an improvement in the country’s foreign exchange reserves and…
New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…
Mumbai, June 5 (IANS) India’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The country’s forex reserves had fallen by $7.511 billion to $681.384 billion in the preceding reporting week.Despite the recent volatility, India’s reserves remain among the highest globally, although they are below the record high of $728.494 billion…