India Sets a New Export Record India’s exports have hit an all-time high, reaching a remarkable $824.9 billion in the fiscal year 2024-25, according to the Reserve Bank of India (RBI) data. This milestone marks a significant achievement in India’s international trade, reflecting strong growth in multiple sectors, including technology, pharmaceuticals, and engineering goods. The…
RBI’s Strategic Move to Strengthen Foreign Exchange Reserves In a notable economic development, the Reserve Bank of India (RBI) has significantly increased its gold reserves by purchasing 57.5 tonnes during the fiscal year 2024–25. This move demonstrates India’s continued strategy to diversify its foreign exchange (forex) reserves amid global economic uncertainties and inflationary pressures. As…
RBI’s Record Forex Intervention in November 2024 Overview of RBI’s Record Forex Intervention in November 2024 In November 2024, the Reserve Bank of India (RBI) made headlines with its record-breaking foreign exchange (forex) intervention, marking a significant step in stabilizing India’s foreign exchange reserves. The central bank’s decision to intervene in the forex market became…
India’s Outward FDI Hits $3.7 Billion in October 2024 India’s outward Foreign Direct Investment (FDI) has reached an impressive $3.7 billion in October 2024. This marks a significant milestone in the country’s growing influence in global markets. The FDI inflow reflects the confidence that Indian businesses have in expanding their footprint across the globe, particularly…
India’s Foreign Kitty Reaches All-Time High at $689.24 Billion Introduction: India’s foreign exchange reserves, often termed as the “foreign kitty,” have reached a fresh record high of $689.24 billion. This remarkable achievement is being hailed as a significant milestone in India’s financial growth, providing a buffer against economic uncertainties and fostering stability in the country’s…
Foreign inward remittance : India Receives Highest Ever Foreign Inward Remittances in a Single Year of $89,127 Million in FY 2021-22 India has received a record-breaking amount of foreign inward remittances in the financial year 2021-22. According to data from the Reserve Bank of India (RBI), the country has received a total of $89,127 million…
Forex Reserves at $562.9 Bn, Fall by $70 Bn in 2022 India’s foreign exchange (Forex) reserves fell by $70 billion to $562.9 billion in the week ended March 25, 2022, due to a decline in foreign currency assets (FCA). FCA, which is the largest component of reserves, fell by $68.6 billion to $521.7 billion during…
