RBI Eases FCNR(B) Deposit Rates to Boost Foreign Inflows Amid Global Softening Overview of the RBI’s Decision On December 8, 2024, the Reserve Bank of India (RBI) announced its decision to ease the Foreign Currency Non-Resident (FCNR) Deposit rates in an attempt to enhance foreign inflows into the country. The move comes amid global economic…
Drop in India’s Foreign Exchange Reserves to $688.26 Billion India’s foreign exchange reserves have witnessed a notable decline, now standing at $688.26 billion as of October 20, 2023. This decrease, amounting to $4.84 billion, is a significant concern for the Indian economy, as these reserves play a crucial role in maintaining the country’s financial stability…
Foreign Exchange Reserves Soar to 20-Month High, Reaching $616 Billion The nation’s foreign exchange reserves have hit a significant milestone, ascending to a staggering $616 billion, marking a peak not seen in 20 months. This surge is a testament to the robustness and stability of the country’s economic fundamentals, positioning it favorably amidst global economic…
Forex Reserves Jump $2.53 Billion to $597.93 Billion In a significant development, India’s foreign exchange reserves have witnessed a notable surge, reaching $597.93 billion, marking a $2.53 billion increase. This surge is a positive indicator for the country’s financial stability and economic resilience amidst global fluctuations and uncertainties. Importance of this News Economic Stability Boost…
Article: India’s Forex Reserves Rise by $5.98 Billion to $578.78 Billion India’s foreign exchange reserves have increased by $5.98 billion to reach $578.78 billion as of March 24, 2023, as per the data released by the Reserve Bank of India (RBI) on Friday. This rise in reserves can be attributed to the increase in foreign…
