[ad_1] reserve Bank of India ,reserve Bank of India) Wednesday took the first step to attract Dollar Inflows amid unabated outflow of portfolio funds to avoid sinking Rupee Protect forex reserves from their lifetime lows against the US currency and rapidly depleting foreign exchange reserves when global liquidity is abundant. The central bank eased several […]
IMF: Hard currency growth in India’s forex reserves limited to just $4 billion in FY12
[ad_1] India added $ 47.5 billion to this foreign exchange reserves Last fiscal year, down almost half of the previous year. But a drill down of the data shows that about $26 billion of those incremental reserves were due for approval. special Drawing Rights From International Monetary Fund and revaluation of gold reserves. Only $4 […]
Forex reserves rose by $3.854 billion to $601.363 billion
[ad_1] Just a month after slipping below the Reserve Bank’s comfort level, India’s forex reserves again hit the $600 billion mark. an increase of $3.6 billion in forex asset Assisted in expanding the total stock of reserves billed as a cushion against global economic odds. foreign exchange reserves for the week ended May 27 were […]