Dec 30, 2020 07:02 PM IST
The foreign exchange reserves in nominal terms rose by $66.9 billion during April-September 2020 as compared with $20.8 billion recorded during the same period in 2019.
- Sep 30, 2020 03:20 PM IST
The surplus in the current account was on account of a sharp contraction in the trade deficit to $10.0 billion due to steeper decline in merchandise imports relative to exports on a year-on-year basis, RBI said in its report on India's Balance of Payments
- Aug 10, 2020 04:51 PM IST
He said that "good" green shoots are visible in the economy and exports have shown a "good" turnaround.
- Dec 10, 2018 09:58 AM IST
While the deficit on account of petroleum, oil and lubricants (POL) went up by 58 percent from a year ago, the deficit on account of non-POL products rose by 50 percent
- Sep 10, 2018 08:18 PM IST
The current account deficit as a percentage of gross domestic product improved year on year, but deteriorated on a sequential basis.
- Jan 09, 2017 05:07 PM IST
Speaking exclusively to CNBC-TV18 Former RBI Governor YV Reddy said that the institutional identity of the banking regulator has been damaged. It is a full-service central bank, he said, adding that the emphasis is only on the monetary policy.
- Sep 22, 2016 03:04 PM IST
Persistently, low oil prices have affected overseas workers‘ income. About half of India‘s USD 70 billion-odd NRI remittances originate from the Gulf countries, the region worst affected by record-low crude oil prices and subdued global economic activity.
- Apr 18, 2016 09:10 PM IST
Import of services too fell by 8.9 per cent to USD 7.19 billion during the month, as compared with USD 7.89 billion in February 2015, as per the RBI data on International Trade in Services.
- Mar 21, 2016 06:24 PM IST
The BoP surplus in the October-December quarter stood at USD 4.1 billion against USD 13.2 billion year-on-year, according to RBI.
- Jan 14, 2016 10:11 PM IST
Earlier in the session, the rupee weakened to as much as 67.2550 to the dollar, a level last seen in September 2013, when the country suffered its worst market turmoil since the 1991 balance of payments crisis
- Dec 22, 2015 05:25 PM IST
The country's current account deficit (CAD), or the difference in the value of goods and services exported and imported, widened from USD 6.2 billion in the first quarter (1.2 percent of gross domestic product) of the fiscal year to USD 8.2 billion (1.6 percent of GDP) in the second.
- May 14, 2015 09:12 PM IST
According to the the data of Department of Industrial Policy and Promotion (DIPP) the top 10 sectors that receive maximum foreign investment include services, automobiles, telecommunication, computer software and hardware and pharmaceuticals.
- Apr 07, 2015 03:35 PM IST
Sanju Verma, CEO of Violet Arc Global Managers says it is not the defensives that are truly driving the market. Stocks like Ashok Leyland and Maruti, among others, have seen the most run-up in their stock prices, she adds.
- Sep 04, 2014 01:11 PM IST
Jahangir Aziz, chief economist at JPMorgan credits Rajan's success to the steps taken for inflation targeting. He says this is perhaps India's first big chance of breaking the inflation challenge. However, he cautions that rates at the moment are not high enough to meet FY15 inflation target.
- Mar 11, 2014 02:57 PM IST
A separate plan to explore joining Euroclear, the world's largest securities settlement system, has also been deferred until the next government takes charge after elections in April and May. That plan could have further opened up the market to portfolio capital inflows.
- Dec 04, 2013 03:34 PM IST
Preliminary balance of payments data published on Monday showed that the current account deficit fell to USD 5.2 billion in the July-September quarter of 2013-14, or 1.2 percent of GDP.
- Sep 30, 2013 09:59 AM IST
Despite a fall on Monday, the rupee is on course for its best month in a year.
- Sep 04, 2013 12:21 PM IST
Succeeding D Subbarao as the RBI Governor, Raghuram Rajan's immediate challenge will lie in restoring confidence in the rupee, which has been subject to consistent freefall.
- Aug 12, 2013 05:07 PM IST
A heavy dependence on imported energy, gold and technology means India has historically run a current account deficit, which it has funded by attracting foreign money into stocks, bonds and corporate investment
- Jun 28, 2013 09:28 AM IST
A Reuters poll had forecast the March quarter current account deficit at USD 21.59 billion, or 4.4 percent of GDP.
- Jun 27, 2013 02:15 PM IST
India's current account deficit (CAD) moderated sharply to 3.6 percent of GDP in Q4 of 2012-13 from a historically high level of 6.7 percent in Q3 of 2012-13 as trade deficit narrowed.
- Jun 06, 2013 03:23 PM IST
Sanjay Shah of Morgan Stanley told CNBC-TV18 that liquidity in the Indian market will be better overall in H2FY14. He added that the depreciating rupee was not a matter of concern and is set to improve from here.
- May 17, 2013 02:48 PM IST
The Reserve Bank can buy USD 9 billion according to the balance of payments estimates and after assuming the Brent crude to be at USD 110 a barrel.
- Mar 28, 2013 02:17 PM IST
Samiran Chakrabarty of Standard Chartered Bank shared his reading and outlook on current account deficit number for Q3.
- Jan 15, 2013 10:25 AM IST
Even as the market appears to rejoicing over the recent burst of â€œreformsâ€ by the government, Kotak Securities is of the view that some of the recent decisions will only postpone or even compound the real challenges facing the economy.