Tag: foreign exchange reserves

Ola Electric to lay off 500 staff in restructuring drive

Business
MUMBAI: Less than four months after Ola Electric got listed on the bourses, it is laying off 500 employees as part of a restructuring exercise, sources told TOI. Employees across departments will be...

food inflation: Kitchen essentials buck slowdown trend: Hopes of demand recovery rise as staples segment sees double-digit growth in Sept qtr

Economy
Staples and essentials are largely bucking the consumption slowdown at mostly double-digit volume sales growth, which industry executives said indicates consumers are not cutting spending on daily household items unlike earlier periods giving hope to...

Donald Trump win looming? RBI well-equipped for post-US election volatility, sources say

Economy
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if...

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Economy
Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September,...

Boosting macro fundamentals best defence vs global risks: RBI’s DY Guv Michael Patra

Economy
Fortifying India's macroeconomic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country's central bank said in New...

RBI governor Shaktikanta Das: Rate cut now is very risky

Business
Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering...

Currency Swap Agreement: RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap window

Economy
The Reserve Bank of India on Monday entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency...

Forex reserves rise $2.8 billion to a new high of $692.3 billion

Economy
Mumbai: The Reserve Bank of India's foreign exchange reserves rose to a fresh high of $692.3 billion in the week ended September 20,...

Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee with $689 billion in reserves

Business
Reserve Bank of India chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing...

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