Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India's forex reserves go up $4 billion to touch new high of $379.3 billion.


Date: 27-05-2017
Subject: India's forex reserves go up $4 billion to touch new high of $379.3 billion
MUMBAI: India’s foreign exchange reserves gained $4 billion to reach $379.3 billion for the week ended May 19 said the Reserve Bank of India on Friday, reaching another record high. 

The previous recorded high was $375.7 billion as reported on the end of the first week of May. 

At a time when the Indian equities market has been on a steady upward trajectory supported by strong inflow of foreign funds and positive global cues the Reserve Bank of India has been mopping up foreign currency. 

“All the gains in the forex reserves might not be due to buying of foreign currency assets, a chunk of it could also be from the maturities of the forward contracts that the regulator could have gotten into a few months back,” said Ashutosh Khajuria, executive director, Federal Bank. 

Bankers also pointed out that with strengthening of the Sterling, Yen and Euro against the dollar in the past few weeks, there has also been a revaluation of the foreign currency assets the RBI holds helping in the appreciation. 

Market sources also pointed out that the RBI could also be intervening in the market by buying dollars as the Rupee has remained very strong. 

The stock exchanges has also been on a rally mode, with Rs 24,776 crore being pumped into the Indian equities and debt market in the month of May. The total foreign investment into Indian markets has reached Rs 1.16 lakh crore for the year 2017.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001