Search Results for: forex reserves

India's current account deficit falls to 1.3% of GDP in December quarter

The reduction in the current account deficit was primarily on account of lower trade deficit that stood at $34 billion.

Mar 22, 2016

Spot gold steadies, but rate hike worries resurface

Prospects for higher interest rates were already helping the dollar revive from five-months lows touched last week.

Mar 22, 2016

Market cap of TCS, Infosys, RIL, ONGC, ITC up by Rs 37,000 crore

A rally in stock markets during the week ended March 18 saw the market capitalisation of select Sensex stocks rise sharply.

Mar 20, 2016

Insurance sector now open to 49% FDI via automatic route

The move to allow foreign direct investment under the automatic route will help attract more overseas companies to buy stake in domestic insurers.

Mar 19, 2016

India's forex reserves rose for second straight week

India's foreign exchange reserves increased $2.54 billion in the week ended March 11, according to the Reserve Bank of India.

Mar 18, 2016

ONGC Videsh, Oil India and Indian Oil to sign $2 billion deal with Rosneft

OIL will team up with IOC and BPRL to acquire 30 percent stake in the Taas-Yuryakh oil and gas fields in East Siberia, reported the Financial Express.

Mar 15, 2016

IMF approves Chinas yuan for benchmark currency basket

IMF chief bullish on India, Asia

Asian economies led by India will be a major growth driver in future, International Monetary Fund chief Christine Lagarde said.

Mar 14, 2016

China central bank to keep policy flexible to counter possible shocks

The central bank is trying to keep liquidity flush to support the economy and cushion it from impact of structural reforms.

Mar 12, 2016

India's forex reserves up $4 billion during week ended March 4; Sensex, rupee gain

The reserves had dropped by $3.57 billion in the week ended Feb. 26, the sharpest since August 2014.

Mar 11, 2016

Aung San Suu Kyi's party nominates her former driver for Myanmar president

Suu Kyi herself is legally barred from taking up the country's highest post.

Mar 10, 2016

India's foreign exchange reserves plunge $3.58 billion to $346.79 billion

The fall is almost twice the decline registered in the preceding week ended Feb.19.

Mar 5, 2016

IMF to identify holdings of China's yuan in reserves surveys

The move will aid China's effort to secure a bigger role for its currency by revealing quarterly reserve holdings of yuan among the 188 IMF member countries.

Mar 5, 2016