Reserve Bank Governor Raghuram Rajan in his April 1 review kept the policy rates unchanged in view of high inflation and uncertainly on the political and economic front. The governor has paid heed to the recommendations of the Technical Advisory Committee (TAC) on Monetary Policy.
FlashNews:
Indian Railways Launches Assured Transit Container Service from Delhi to Kolkata
IGL Opens New Delhi Office as Minister Puri Highlights India’s Clean Energy Push and Refining Ambitions
Road Construction May Hit Five-Year Low in FY2026, Cautions ICRA
Delhi Airport Rolls Out E-Arrival Card for Foreign Travellers to Streamline Immigration
From Muddy Tracks to Expressways: Bihar’s Quiet Road Revolution
NMIA Secures DGCA Aerodrome Licence Ahead of October Launch
India Re-elected to ICAO Council with Enhanced Global Support
India’s Renewable Energy Surge: ICRA Projects 35 GW Capacity in FY2026
Air Marshal Bharti Calls for Full Indigenisation to Win Future Wars
Air India, Airbus Launch Advanced Pilot Training Hub in Gurugram
India-Bhutan Rail Links Signal Strategic Leap in Himalayan Connectivity
India Anchors $8 Billion Maritime Investment Wave
India’s Deepwater Energy Ambitions Ignite with Andaman Basin Gas Discovery
Mumbai-Ahmedabad bullet train corridor to emerge as major economic cluster: Ashwini Vaishnaw
IndiGo Adds 12 New Domestic Routes in October, Strengthens Regional Air Connectivity Across India
IndiGo Deepens Indian Ocean Connectivity with New Routes to Bali and Malé
Air India Express Adds Jodhpur and Udaipur to Domestic Network, Expands Footprint to 60 Destinations
Noida International Airport Pioneers India’s Green Construction Shift with LC3 Cement
Domestic Flyers Drive Digital Airport Revolution with Record Self-Check-In and DigiYatra Uptake: CSMIA
Tag: foreign exchange
Moily says India to save $8.5 bn via Iran oil imports
By increasing crude oil imports from Iran, India plans to save over $ 8.5 billion in foreign exchange this fiscal, said the Union Petroleum and Natural Gas Minister Marpadi Veerappa Moily. Moily told this to Prime Minister Manmohan Singh in a written communication on August 30. India, which paid about $144.29 billion last fiscal for importing oil, is renewing imports from Iran and, unlike imports from other countries, it pays Iran in rupees.
Foreign exchange reserves declines $0.98 bn to $279.20 bn
For the week ended July 19, India's foreign exchange reserves stood at $279.20 billion, down $0.985 billion, data from Reserve Bank of India (RBI) shows. In the previous reporting week, the total reserves rose $21 million to $280.19 billion. Foreign currency assets, a major component of the forex reserves declined $999 millio
Rupee depreciation to hit Indian firms badly
A note from CRISIL Research shows that only half of the foreign exchange exposure of Indian companies is hedged. As on March 31, Indian companies had $200 billion of foreign currency debt and 45 per cent of this was short-term, a study by rating agency CRISIL shows. Mukesh Agarwal, President, CRISIL Research, said a significant portion remained unprotected from the volati
Rupee falls to one-year low against dollar
At a recent trading session on the Interbank Foreign Exchange market, the Indian rupee depreciated to a one-year low of 56.58 against the dollar. The decline in rupee against the dollar is attributed to the demand for the greenback from importers. Also, the concerns highlighted by Reserve Bank of India (RBI) Gove
Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
Net profit of Great Eastern rises on forex gains
The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit
US sanction to make payment for Iran difficult
From February 6, Indian banks would not be able to transfer money to Iran for the oil imported by India from the gulf nation. This is because a new US treasury sanction, which bars banks from transferring IranÂ’s oil revenues from importing nations to Tehran, comes into effect from February 6. So far, India has been making 45 percent of the payment to Iran for its crude oil in rupees through the Kolka