RBI Allowed Resident Indians to Open Foreign Currency Accounts in GIFT IFSC
Indian residents can now take advantage of the liberalised remittances scheme (LRS) to open foreign currency accounts (FCA) at Gift City under the liberalised remittances...
Tag : foreign currency assets (FCA)
India’s Forex Reserves Inch Closer to $600 Billion, as FCAs Outperform Other Components
India’s Foreign Exchange (Forex) Reserves reached $596.098 billion on June 16, rising marginally by $2.350 billion in the week, as per the Weekly Statistical Supplement...
Forex Reserves Fall By USD 3.85 Billion
During the end of last week, forex reserves in India dropped by USD 3.847 billion to USD 524.52 billion, according to the RBI. The overall...
Forex Reserves Decrease by $587 Mn to $635.08 Bn
India’s forex reserves decreased by USD 587 million to USD 635.08 billion, the RBI said. On December 17, the overall reserves had decreased by USD...
RBI to Invest in Top-Rated Foreign Corporate Bonds
The Reserve Bank of India (RBI) is assessing the option of investing in top-rated foreign corporate bonds to generate higher yields. If the plan is...