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India Is Still The Top Receiver Of Overseas Remittance In The World

In 2018, India retained its position as the world's top recipient of remittances at $78 billion, according to statistics disclosed in the World Migration Report 2020 released on Wednesday by International Organisation for Migration (IOM). The ranking is justified considering ...

India’s Forex Reserves Climb To New Lifetime High

In the week ended 25 October, India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion, as per data released by RBI on Friday. The increase was aided by a rise in core currency assets and ...

Domestic Banks To Facilitate Forex Prices To Non-Residents At All Times

The Reserve Bank of India (RBI) has now allowed Indian banks to freely offer foreign exchange prices out of their books to non-residents at all times either using a domestic sales team or through overseas branches. On 30 July, RBI's task ...

India’s Forex Reserves Fall To $428.6 Billion

In the week ended 30 August, India's foreign exchange reserves fell by $446 million to $428.604 billion, mainly on account of a drop in foreign currency assets, data released by the Reserve Bank of India on Friday showed. In the previous ...

Equity, Forex Markets Shut Today

India's equity and forex markets are closed for Id on Monday. Thursday too is holiday for the financial markets on account of Independence day. Nifty in the last week snapped a 4-straight week losing streak and reclaimed 11,110 mark, while ...

India’s Forex Reserve Declines After Touching All-Time High

India's forex reserves decreased by $727 million to $429.649 billion for the week ended 26 July, following a decline in foreign currency assets, according to RBI (Reserve Bank of India) data released on Friday. The country's forex kitty had increased by ...

India's Forex Reserve Hits All-Time High

India's foreign exchange reserve touched an all-time high of $426.42 billion after an increase of $4.215 billion in the week ended 21 June, RBI data showed. In the week before, there was a $1.358 billion decline to $422.2 billion. Earlier in ...

RBI Announces Forex Trading Platform For Retail Participants

On Thursday, the Reserve Bank of India (RBI) announced the roll out of a foreign exchange trading platform for retail participants. It said that a circular on operational guidelines for the platform will be issued by June-end. RBI further said that ...

India's Forex Reserve Grows By $1.3 Billion

India's foreign exchange reserves rose by $1.368 billion during the week ended 10 May, according to official data released on Friday. The Reserve Bank of India's weekly statistical supplement showed that the overall forex reserves rose to $420.055 billion from $418.687 billion reported for ...

India's Forex Reserves Rise To $4.8.7 Billion

For the week ended 3 May, the country's foreign exchange reserves were reportedly increased by $171.9 million to $418.687 billion, according to RBI data. The increase was on account of a rise in foreign currency assets. In the week before, these ...

Stock And Forex Markets Closed Today For Good Friday

The Indian stock and forex markets are closed today for Good Friday. After yet again reaching new highs in intra-day trade, both Sensex and Nifty after hitting a new high of 39,487.45 and 11,856, respectively slipped in trade on Thursday as ...

Indian Equity, Bond, Currency And Commodity Markets Closed Today

Indian equity, bond, currency and commodity markets are closed today on the occasion of Mahavir Jayanti. In yesterday's trade on the back of strong global cues, both the benchmark indices hit new record highs and closed at a new record high, ...