Reserve Bank of India (RBI)
India's forex reserves snap 5-week rise
India's foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through Dec. 16, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.
RBI to raise key interest rates Friday
The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move
India’s forex reserves at 20-month low, currently $572bn
India’s forex reserves fell by $7.5 billion to $572.7 billion – a 20-month low – as of July 15, due to spiraling costs of imports, the Reserve Bank of India (RBI) has said.
BETWEEN THE LINES / Money makes the mare go
Understandably, Prime Minister Narendra Modi has set up a panel of officials from the income-tax department, the Reserve Bank of India (RBI) and Enforcement Directorate to probe the matter and apportion responsibility. Yet, nothing concrete would come out of it because the persons connected with the dealings have political clout.
India's forex reserves snap 5-week rise
India's foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through Dec. 16, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.
RBI to raise key interest rates Friday
The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move
India’s forex reserves at 20-month low, currently $572bn
India’s forex reserves fell by $7.5 billion to $572.7 billion – a 20-month low – as of July 15, due to spiraling costs of imports, the Reserve Bank of India (RBI) has said.
Money makes the mare go
Understandably, Prime Minister Narendra Modi has set up a panel of officials from the income-tax department, the Reserve Bank of India (RBI) and Enforcement Directorate to probe the matter and apportion responsibility. Yet, nothing concrete would come out of it because the persons connected with the dealings have political clout.
