Tag: gold reserves

Higher steel tariffs to dent exports as companies look at other markets

Business
Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets.Several US importers have...

Govt favours wealth creation; profit not a bad word, says FM Nirmala Sitharaman

Economy
NEW DELHI: Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encou-rages entrepreneurs to earn profits through ethical practices without inhibitions. This is in stark contrast to the stance adopted by...

RBIs FX reserves see largest gain in over 2 years

Economy
Reserve Bank of India’s foreign exchange reserves rose $15 billion In the week ended March 7 to $653.9 billion. This is the sharpest...

India’s foreign exchange reserves hit 10 month low at $625 billion

Business
NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as...

India’s forex kitty falls $2.6 billion to $682 billion as of November 1

Economy
Mumbai: Reserve Bank Of India's (RBI) foreign exchange reserves fell by $2.6 billion to $682.1 billion for the week ended November 1, latest...

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,...

Central banks may scale back gold purchases in 2024, reports World Gold Council

Economy
Central banks may buy less gold in 2024 compared to 2023, when they had bought 1,037 tonnes of gold, according to a World...

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