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FEMA Violation: HC Reserves Verdict, On Xiaomi Plea

The Karnataka High Court has reserved its judgement on the plea filed by Chinese technology firm, Xiaomi challenging the order passed by the Enforcement Directorate (ED), seizing Rs 5,551 crore in its bank accounts for alleged violation of FEMA rules. Justice ...

Cash-Strapped Pak May, Face Serious Economic Crisis Amid Fast-Depleting Forex Reserves

Cash-starved Pakistan could face a serious economic problem as its foreign exchange reserves are depleting fast amid rising external debt servicing, according to a media report on Wednesday. The country's external debt servicing rose to USD 10.886 billion in the first ...

India’s Forex Reserves Hit New All-Time High

India's foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week ending 7 February 2020, on account of increase in foreign currency assets, as per data released by the Reserve Bank of India (RBI) ...

India's Forex Reserve Rises To A Record High Of $461.2 Billion

In the week ended 10 January, the country's foreign exchange reserves rose by $58 million to reach an all-time high of $461.21 billion, RBI data showed. In the previous week, the reserves increased by $3.689 billion to $461.15 billion. In the reporting ...

India Occupies 11th Position In Global Gold Holdings

The love for gold in India can be witnessed from time immemorial in most of the historical events. Gold, the precious yellow metal is considered as an auspicious thing and is a must in most of the weddings even today across ...

India's Forex Exchange Reserves Jump By USD 1.2 Billion

India's foreign exchange reserves increased by USD 1.2 billion to touch USD 401.942 billion in the week to December 1, according to the RBI data. The surge in reserves was aided by an increase in foreign currency assets, a major component ...

India's forex reserves surge $1.94 bn to $311.9 bn

Country's foreign exchange reserves rose by $1.944 billion to $311.857 billion in the week ended May 2 on higher currency assets. Last week, the total reserves rose by $499.8 million to $309.913 billion. Foreign currency assets (FCAs), a major ...