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Opening FCAs at GIFT City now easy for residents
The launch of FCAs in GIFT City marks a crucial advancement in bolstering financial accessibility and versatility for Indian citizens
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Addition of 75 tonnes of gold in forex kitty adds to stability: Report
RBI's gold holdings has increased by 125.6 tonnes in the last two years, making India the world's ninth-largest gold reserve holder
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Forex reserves increases by $16.6 billion to $633.5 billion
The country's gold reserves increased by $192 million to $37.44 billion. India's reserve position with the IMF rose by $14 million to $5.11 billion
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Forex reserves drop by $2.47 billion to $616.895 billion
Foreign currency assets declined by $3.365 billion to $573.009 billion
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Multi-currency accounts: Why freelancers and even global investors should have it
A returning non-resident Indian can open a foreign currency account with a bank, but one cannot transfer money from India to these accounts
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Forex reserves rise by $1.013 bn to record high of $610 bn
Foreign currency assets surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India
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Forex reserves decline $4 billion to $603.93 billion
The foreign currency assets, a major component of the overall reserves, declined by $1.918 billion to $561.540 billion for the reporting week
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Is $600 billion forex reserve adequate for Indian economy?
Though higher reserves help in cushioning domestic economy from external shocks, we must be mindful of the opportunity costs associated with them
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Jobs, growth, import stability and buoyancy in equity markets: Contribution of high forex reserves
Economists, however, warn that high foreign exchange build up may not always be an unmixed blessing for the economy
