Swiss central bank swells foreign currency reserves to record high

Last Updated: Wednesday, January 7, 2015, 19:08

Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.

SEBI seeks parity between foreign currency, rupee convertibles

Last Updated: Monday, December 15, 2014, 20:35

Market regulator SEBI Monday said it is in favour of allowing rupee convertibles for domestic investors, on the lines of overseas investors subscribing to foreign currency convertible bonds.

ARC gives India sovereign rating of BBB+ with +ve outlook

Last Updated: Monday, December 15, 2014, 19:28

It also assigned a foreign currency country ceiling of A- and a local currency country ceiling of A to the country.

India’s Forex reserves down $1.64 billion

Last Updated: Saturday, December 13, 2014, 15:47

According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the Forex reserves, plunged $867.4 million at $289.95 billion in the week under review.

For companies, a rocky road ahead in emerging markets

Last Updated: Saturday, February 1, 2014, 02:33

International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.

Forex reserves plunge sharply to $292 billion

Last Updated: Friday, January 24, 2014, 21:47

During the week under review, the gold reserves were unchanged USD 19.724 billion.

Indian firms raise $4.56 bn from foreign markets in Dec

Last Updated: Friday, January 24, 2014, 16:42

Indian companies raised USD 4.56 billion from the overseas market in December, twice as much as they did in the previous month, through external commercial borrowings and foreign currency convertible bonds.

India's forex reserves surge $179 million to $293 billion

Last Updated: Friday, January 17, 2014, 20:00

India's foreign exchange reserves rose by USD 177.8 million to USD 293.28 billion in the week ended January 10 on the back of a healthy rise in a key component of the assets, Reserve Bank said Friday.

India's forex reserves drop $2.5 bn to $293 bn

Last Updated: Friday, January 10, 2014, 20:59

India's foreign exchange reserves declined by USD 2.599 billion to USD 293.11 billion in the week ended January 3 on account of a fall in foreign currency assets, RBI said today.

`Hawala` operator held with foreign currency worth Rs 1.22 cr

Last Updated: Wednesday, January 8, 2014, 21:36

An alleged hawala operator was arrested on Wednesday for allegedly trying to smuggle out foreign currency worth Rs 1.22 crore at international airport here.

IDBI Bank shares fall 2% after S&P lowers rating

Last Updated: Tuesday, November 26, 2013, 13:31

The foreign currency issuer credit rating on IDBI Bank was cut to 'BB+/B' from 'BBB-/A-3'. The outlook on the long-term rating is negative, S&P had said.

FCNR swap plan open till Nov 30 as of now: RBI

Last Updated: Monday, November 25, 2013, 12:40

The deadline for concessional swap facility to get foreign currency non-resident (bank), or FCNR (B), deposits remains open till November 30, a central bank deputy governor H.R. Khan said on Monday, unlike an extension provided to the other swap scheme.