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A customer holds hundred rupees Indian currency notes near a currency exchange stall in New Delhi. | Photo Credit: REUTERS The rupee slipped 2 paise to 83.42 against the US dollar in early trade on Thursday, May 30, tracking the outflow of foreign capital amid volatile domestic equity markets. Forex traders said a strong American…
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India’s forex reserves have increased yet again, RBI data shows. This is the fifth consecutive week of a jump in the overall reserves. | Photo Credit: Reuters India’s forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank of India said. This is the…
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Pakistan’s Prime Minister Shehbaz Sharif. | Photo Credit: AP Taking a tough stance, India has batted for “stringent monitoring” of any emergency funds provided by the International Monetary Fund (IMF) to its financially beleaguered neighbour Pakistan, stressing that such funds must not be redeployed towards defence bills or repayment of loans from other countries. India’s…
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India’s forex reserves jumped by $2.975 billion to $619.072 billion for the week ended February 23, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $1.132 billion to $616.097 billion. For the week ending February 23, the foreign currency assets, a major component of the reserves, increased…
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