India’s foreign exchange reserves declined by $1.183 billion to $695.489 billion during the week ended July 18, according to data released by the Reserve Bank of India (RBI) on Friday.This marks a second consecutive weekly drop after the reserves fell by $3.064 billion in the previous week, PTI reported. India’s forex reserves had touched a…
India’s foreign exchange reserves surged by $4.84 billion to reach $702.78 billion for the week ended June 27, inching closer to their record peak, according to data released by the Reserve Bank of India (RBI) on Friday.This rise follows a dip of $1.01 billion in the previous week, when reserves had stood at $697.93 billion….
New Delhi: GST collections grew by 12.6% – the fastest pace of expansion in 17 months – to reach a record Rs 2,36,716 crore in April, buoyed by an over 20% jump in mop-up from imports.Collections from domestic sources were 10.7% higher at a little under Rs 1.9 lakh crore, while gross import revenue rose…
India’s foreign exchange reserves rose by $1.567 billion to reach $677.835 billion for the week ending April 11, the Reserve Bank of India said on Friday. The reserves have shown continuous growth for sixth consecutive week.The overall forex kitty witnessed an increase of $10.872 billion, reaching $676.268 billion in the previous reporting week ended April…
NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97 billion, as per the latest data from the Reserve Bank of India (RBI).This marks a strong rebound after months of volatility as the reserves had…
NEW DELHI: India’s foreign exchange reserve recorded a major boost, rising $7.654 billion to reach $638.261 billion in the week ending February 7, Reserve Bank of India (RBI) reported on Friday. This rise marks the third consecutive weekly increase, following a $1.05 billion rise in the previous week, when reserves stood at $630.607 billion on…
MUMBAI: Forex reserves fell for the sixth consecutive week to a 10-month low of $625.9 billion as of Jan 10, declining by $8.7 billion in the week and $23.5 billion in five weeks. The decline – down $79 billion from an all-time high of $704.9 billion in late Sept – reflects RBI‘s dollar sales and…
NEW DELHI: The net direct tax collection grew 15.88 per cent to about Rs 16.90 lakh crore so far this fiscal, according to government data released on Monday. As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs…
MUMBAI: The rupee closed at a record low of 85.77 against the dollar on Friday, marking its ninth consecutive week of losses. The decline is attributed to the drop in the Chinese yuan, which weakened past the 7.3 mark, as well as the dollar’s rise.The rupee hit its lowest intraday level at 85.80, before settling…
NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease in…