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…
Latest Foreign Exchange Reserves News & Updates
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…
New Delhi, June 3 (IANS) The government on Wednesday dismissed claims that the Reserve Bank of India (RBI) sold gold worth around $12 billion, calling a media report fake.In a post on X, the Press Information Bureau (PIB) Fact Check unit rejected claims that the RBI had offloaded a significant portion of its gold reserves, citing official data released by the central bank.“According to RBI, the share of gold in India’s foreign exchange reserves rose from 13.92 per cent at the end of Septembe…
New Delhi, May 30 (IANS) India’s macroeconomic position in the month of May reflects cautious resilience over strong services exports, adequate foreign exchange reserves and a stable labour market, Finance Ministry said in its ‘Monthly Economic Review’ on Saturday.However, the confluence of elevated global energy prices, a depreciating rupee, rising upstream cost pressures and the prospect of a below-normal monsoon calls for sustained policy vigilance, the Economic Review said. “Navigating FY2…
New Delhi, May 24 (IANS) Pakistan’s rising food import bill is emerging as a major threat to the country’s fiscal stability and economic resilience, exposing deep structural weaknesses in its agricultural and governance systems, a report has said. Latest trade data for the first 10 months of FY2025-26 showed that Pakistan’s food imports surged by 13.81 per cent to $7.848 billion, while exports of raw food products declined by more than 32 percent to $4.19 billion, according to the Business…
Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …