foreign currency

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

India lowers taxes on overseas borrowings


September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...

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Decision on 2G auction participation only by October: SSTL


September 10th, 2012 - 7:11 pm ICT by IANS
New Delhi, Sep 10 (IANS) Sistema Shyam Teleservices (SSTL) Monday said it would be able to say only next month if it would take part in the 2G auction as ... Read more...

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South Korea’s foreign reserves hit new high


September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...

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India’s forex reserves decline by $250 million


August 25th, 2012 - 5:21 pm ICT by IANS
Mumbai, Aug 25 (IANS) India's foreign exchange (forex) reserves declined by $250 million to $288.91 billion for the week ended Aug 17, 2012, the Reserve Bank of India's (RBI) data ... Read more...

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South Korea’s foreign debts grow to $418.6 bn


August 21st, 2012 - 2:02 pm ICT by IANS
Seoul, Aug 21 (IANS) South Korea's foreign debts grew to $418.6 billion in the second quarter of this year as lenders increased their short-term borrowing from overseas, the central bank ... Read more...

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India’s forex reserves rise to $289.15 bn


August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...

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32 Mexico coal mines shuttered for safety reasons


August 11th, 2012 - 12:40 pm ICT by IANS
Mexico City, Aug 11 (IANS/EFE) Mexico's government said 32 small coal mines in the northern state of Coahuila have been closed due to safety concerns, a move taken after 13 ... Read more...

Posted in World |

India’s forex reserves rise by $1.31 billion


August 4th, 2012 - 3:39 pm ICT by IANS
Mumbai, Aug 4 (IANS) India's foreign exchange (forex) reserves grew by $1.31 billion to $288.64 billion for the week ended July 27, 2012, Reserve Bank of India data showed.The forex ... Read more...

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India’s forex reserves rise by $589 mn (Lead)


July 29th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 million to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

India’s forex reserves rise by $589 bn


July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

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Remittances to Honduras increases


July 17th, 2012 - 11:45 am ICT by IANS
Tegucigalpa, July 17 (IANS/EFE) Family remittances sent home by Hondurans living abroad totalled $1.45 billion in the first half of this year, 2.2 percent more than during the same period ... Read more...

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India’s forex reserves plunges by $336 million


July 14th, 2012 - 5:31 pm ICT by IANS
Mumbai, July 14 (IANS) India's foreign exchange reserves (forex) plunged by $336.5 million to $287.62 billion in the week ended July 6, data from India's central bank showed.The Reserve Bank ... Read more...

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No service tax on foreign remittances: Government


July 10th, 2012 - 7:44 pm ICT by IANS
New Delhi, July 10 (IANS) The government said Tuesday remittances sent from overseas will not be liable for service tax charge, putting to rest the confusion that had arisen ... Read more...

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India’s forex reserves grow by $1.36 bn


July 7th, 2012 - 4:03 pm ICT by IANS
Mumbai, July 7 (IANS) India's foreign exchange reserves (forex) grew by $1.36 billion to $289.992 billion for the week ended June 29, data from India's central bank showed.Foreign currency assets, ... Read more...

Posted in Business |

India’s forex reserves down $0.76 billion


June 30th, 2012 - 3:15 pm ICT by IANS
Mumbai, June 30 (IANS) India's foreign exchange reserves (forex) fell by $0.76 billion to $288.62 billion for the week ended June 22, official data showed.The RBI is believed to have ... Read more...

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India’s forex reserves grow to $289 bn


June 23rd, 2012 - 3:37 pm ICT by IANS
Mumbai, June 23 (IANS) India's foreign exchange reserves (forex) grew by $2 billion to $289.39 billion for the week ended June 15, official data showed.The forex recovered in the week ... Read more...

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Fitch cuts SBI, PNB, ICICI Bank outlook to negative (Lead)


June 20th, 2012 - 6:22 pm ICT by IANS
Mumbai, June 20 (IANS) Global ratings agency Fitch Wednesday cut its outlook on leading Indian financial institutions, including State Bank of India (SBI), ICICI Bank and Punjab National Bank ... Read more...

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India’s forex reserves grow to $287.37 billion


June 17th, 2012 - 8:12 pm ICT by IANS
Mumbai, June 17 (IANS) After falling for five straight weeks, India's foreign exchange reserves grew by $1.52 billion to $287.37 billion for the week ended June 8, 2012, official data ... Read more...

Posted in Business |

India’s forex reserves plunge to $285.85 bn


June 8th, 2012 - 7:30 pm ICT by IANS
Mumbai, June 8 (IANS) India's foreign exchange reserves plunged by $2.40 billion to $285.85 billion for the week ended June 1, apparently due to the central bank selling dollars to ... Read more...

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India’s forex reserves drop by $1.74 billion


June 2nd, 2012 - 3:43 pm ICT by IANS
Mumbai, June 2 (IANS) India's foreign exchange reserves fell by $1.74 billion to $290 billion for the week ended May 25, the Reserve Bank of India (RBI) data showed Saturday.The ... Read more...

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South Korean investment in foreign securities grows


May 30th, 2012 - 4:31 pm ICT by IANS
Seoul, May 30 (IANS) Foreign securities invested by South Korea's financial institutions grew in the first quarter due to rises in the share price of major investment destinations, the central ... Read more...

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India’s forex reserves drop by $1.80 billion


May 26th, 2012 - 5:31 pm ICT by IANS
Mumbai, May 26 (IANS) India's foreign exchange reserves fell by $1.80 billion to $290 billion for the week ended May 18, registering a sharp drop for the third week in ... Read more...

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India’s forex reserves drop by $1.37 billion


May 19th, 2012 - 6:10 pm ICT by IANS
Mumbai, May 19 (IANS) India's foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core ... Read more...

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Rupee hits record low of 54.50 against dollar (Lead)


May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...

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Rupee dips to record low of 54.42 against dollar


May 16th, 2012 - 3:27 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.42 against the US dollar Wednesday due to rising concern over fiscal deficit and poor economic ... Read more...

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Gujarat NRE Coke approves issuance of 5 crore warrants


May 15th, 2012 - 12:55 am ICT by IANS
Kolkata, May 14 (IANS) Gujarat NRE Coke ltd, the largest independent coke producer in India, Monday said its board has approved the plan to issue five crore warrants to ... Read more...

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Moody’s downgrades LIC, outlook stable


May 14th, 2012 - 5:50 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Investors Service Monday downgraded the state-run Life Insurance Corporation of India (LIC) to the lowest investment grade, in line with the ... Read more...

Posted in Business |

India’s forex reserves fall by $2.187 billion


May 12th, 2012 - 5:07 pm ICT by IANS
Mumbai, May 12 (IANS) India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed. Forex reserves had risen by ... Read more...

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RBI steps in to control rupee slide


May 10th, 2012 - 4:30 pm ICT by IANS
Mumbai, May 10 (IANS) The Reserve Bank of India (RBI) Thursday asked exporters to convert at least 50 percent of their foreign exchange holdings in rupee, a move seen to ... Read more...

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BJP concerned about India’s falling forex reserves


May 7th, 2012 - 9:50 pm ICT by IANS
New Delhi, May 7 (IANS) The main opposition Bharatiya Janata Party Monday voiced concern over India's depleting foreign currency reserves, which have declined by $12.8 billion in recent years."Our ... Read more...

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India’s forex reserves rise by $758.3 million


May 5th, 2012 - 3:12 pm ICT by IANS
Mumbai, May 5 (IANS) India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by ... Read more...

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Bangladesh foreign currency reserves up


May 2nd, 2012 - 8:05 pm ICT by IANS
Dhaka, May 2 (IANS) Bangladesh's foreign currency reserves rose to $10.19 billion in April after the International Monetary Fund (IMF) handed over the first instalment of its loan to the ... Read more...

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Moody’s may downgrade India’s three top private lenders


April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...

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India’s forex reserves rise by $1.46 billion


April 28th, 2012 - 3:06 pm ICT by IANS
Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen ... Read more...

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