Foreign reserves News

The Central Bank, however, said gross reserves were 25.50 billion dollars by the end of October. 

India's tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018, the Development Bank of Singapore said on Friday.  

India`s foreign exchange reserves inched up by $16.6 million to $367.15 billion as on October 28, the Reserve Bank of India (RBI) has said.

A strengthened US dollar and FCNR B (Foreign Currency Non Resident Bank) payments, drained $1.50 billion from India`s foreign exchange (Forex) kitty, experts said on Saturday.

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said that the central bank aims to go for liberalisation while strengthening the bond market.

The country's foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).

Foreign exchange reserves hit a life-time high of USD 363.8 billion after it rose USD 592.1 million in the week ended June 17, the Reserve Bank said on Friday.

The country's foreign exchange stockpile, the world's biggest, declined to USD 3.44 trillion last month, down USD 87.2 billion from October, according to figures released by the State Administration of Foreign Exchange (SAFE).

Chastened by a tumble in the rupee in 2013 at the prospect of tighter US monetary policy, India has built up record foreign exchange reserves of nearly $340 billion to insulate the economy from capital flight as the United States prepares to lift interest rates.