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Indias merchandise trade deficit narrowed to a nine month low of $ 17.5 bn in January compared to $ 19.8 billion in December'2023. Service surplus surged to $16.8bn in January versus $16.0bn surplus in December.
NRIs park more forex in India! Fund flows into FCNR (B) deposits, designed for non-resident Indians (NRIs), have more than doubled this year, indicati
The rupee appreciated 17 paise to 82.17 against the US dollar today as foreign capital inflows and a rally in domestic stocks bolstered investor sentiment.
The Reserve Bank of India announced a slew of measures on Wednesday to bring in a fistful of dollars, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route, , reserve bank of india, reserve bank of india, forex inflows, forex inflows, rupee stabilisation, rupee stabilisation
These investments will not be reckoned for the short term limit till maturity or sale of such investments.