Courtesy www.express.co.uk
New Delhi: For the first time, India’s foreign exchange reserves crossed the half-a-trillion mark after a $8.22 billion surge during the week ending on June 5.
As per the latest Reserve Bank of India (RBI) data, the forex reserves rose to $501.70 billion, thanks to a massive rise in foreign currency assets (FCA), reports The Indian Express.
The week before, forex reserves had increased by $3.44 billion to $493.48 billion.
The gold reserves fell by $329 million to $32.352 billion during the previous week, the RBI reported.
Since Union Finance Minister Nirmala Sitharaman announced a cut in corporate tax rates last September, forex reserves have been rising every week.
Nasty Surprise For Fans In Bangalore Team India never fails to deliver the occasional nasty…
Bargarh: Hrusikesh Bhoi, popular for his iconic role of Kansa in Bargarh’s Dhanu Jatra, has…
New Delhi: Canadian Prime Minister Justine Trudeau took to X to mark the sixth anniversary…
New Delhi: Israel on Thursday killed Hamas chief Yahya Sinwar in a Gaza operation. In…
New Delhi/Bhubaneswar: Three IAS officers, including Reghu G of Odisha cadre, have been shifted to…
Kolkata: A massive fire broke out at Sealdah ESI Hospital here on Friday morning. According…
New Delhi: The Enforcement Directorate Guwahati questioned actor Tamannaah Bhatia on Thursday in connection with…
Bhubaneswar: Days after the road rage incident involving an Army officer and his fiancee, a…