Forex Reserves of India Went Down by $1.268 Billion in First Week of 2023
The foreign exchange of India reserves went down by $1.268 billion to $561.583 billion in the first week, as per RBI (Reserve of India). India’s...
Tag : foreign exchange
Banks Plans to Increase Capital, Provisions for Unhedged FX Exposure: RBI
On 11 October, the Reserve Bank of India (RBI) amended the guidelines for banks for an increase in capital and provisioning requirements in relation to...
IndiGo Q1 Results Net Loss Narrows to Rs 1,064 Crore
On Wednesday, IndiGo airline said its net loss narrowed to Rs 1,064.3 crore for June 30, 2022. It reported a net loss of Rs 3,174.2...
Sri Lanka Imposes 10-Hour Daily Power Cut Duel to Fuel Crisis
The Sri Lankan government forced a nationwide 10-hour daily power cut due to a fuel shortage. Sri Lanka is facing an unusual economic and energy...
Rupee Rises 5 Paise to 73.24 Against US Dollar
The Indian rupee inched higher by 5 paise to 73.24 against the US dollar in early trade on Monday supported by positive domestic equities. At...
RBI identifies Cross Border Payments of ‘Sandbox’ Innovation
The Reserve Bank of India has identified cross-border payments as the second cohort of its regulatory sandbox (RS) program in a bid to make international remittance...