The central bank's weekly statistical data revealed a decline of USD 2.653 billion in India's foreign currency assets (FCA), the largest segment of the forex reserves, bringing the total to USD 545.855 billion by the end of the week.
Elaborating on the recently issued proposals to tackle the menace of financial influencers, the official said Sebi is acting keeping the future in mind and its intent is only to get into a situation if a regulated entity comes into the picture.
Hyderabad: Hyderabad-headquartered Dr Reddy’s Laboratories (DRL) said its consolidated profit after tax (PAT) for the July-September quarter was up 12 per cent at Rs 1,112.8 crore as against Rs 992 crore in the same quarter a year ago. Its revenues during the quarter were up nine per cent to Rs 6,305.7 crore compared to Rs […]
Mumbai: Snapping 10 consecutive weeks of decline, India’s foreign exchange (forex) reserves rose by USD 4.23 billion to USD 597.509 billion for the week ended May 20, the Reserve Bank of India (RBI) data showed. This is the first increase in India’s forex reserves in the past 11 weeks. The forex reserves had declined by […]
Hyderabad: MicroBite, city-based company, has developed a technology that will reduce the time for fermentation. This has a bearing for the ethanol and beverage industries. Lower fermentation times mean faster production times. The company has drawn up plans to set up a five kilo litre pre day (KLPD) capacity bioethanol plant in the State. It […]
On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.
The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.