A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
Dr Kissinger, then US president Richard M Nixon's national security adviser, feigned illness on a visit to Pakistan in July 1971 and made a secret trip to Peking, as Beijing was then called, to begin the process of a rapprochement between America and China. It was a debt that Chinese leaders have never forgotten.
The blacklisting of Wikipedia comes days after the Pakistan Telecom Authority (PTA) degraded Wikipedia services for 48 hours, threatening to block it if the content deemed 'blasphemous' was not deleted.
The country's foreign exchange reserves rose by $2.518 billion to touch a lifetime high of $575.29 billion in the week ended November 20, RBI data showed on Friday. In the previous week ended November 13, the reserves had surged by $4.277 billion to $572.771 billion. In the reporting week, the increase in the forex kitty was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves.
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
Several media reports have stated that at least three people were shot and wounded.
Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade settlement cycle approaches new phases. Several industry players said foreign portfolio investors (FPIs) are still facing impediments over the trade confirmation timelines, foreign exchange (forex) bookings, and pre-funding requirements. This could potentially act as a roadblock when it comes to moving entirely to the new T+1 settlement cycle from next year.
The value of the foreign portfolio investors' (FPI) holdings in the domestic equities reached $667 billion in three months ended September 2021, a surge of 13 per cent from the preceding quarter, according to a Morningstar report. This was largely on the back of strong performance by the Indian equity markets along with net inflows from FPIs at the later part of the quarter. "At the end of the quarter ended September 2021, the value of FPI investments in Indian equities shot up sharply to $667 billion, which was considerably higher than the $592 billion recorded in the previous quarter, a spike of around 13 per cent," the report noted.
India's external debt stood at $554.5 billion at end-June, recording a decrease of $3.9 billion over its level at the end of March 2020, the RBI said on Wednesday. Further, the external debt to GDP ratio increased to 21.8 per cent at June-end 2020 from 20.6 per cent as on March 31.
Here's what your favourite Hollywood stars have been up to.
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
Due to the continued pressure of high costs, Toyota is considering a price increase of up to 3 per cent across models with effect from January.
In the year 2020 to date, these funds deployed capital worth a record $14.8 billion in India, which is nearly three times more than what they have put in China - $4.5 billion.
Welcome to the crazy, crazy world of selfie-takers!
Chelsea defender John Terry has worked hard on his fitness in the last few years and wants to have a long playing career like former Manchester United midfielder Ryan Giggs, the former England captain said.
A total of 12 states from Alabama to Alaska are holding primaries or caucuses today. Virginia was the first state to open its polling stations at 6:00 am (16:30 IST).
She is the first black woman elected to the upper chamber in more than two decades.
Monday's moon is the brightest moon in almost 69 years.
Rediff.com takes a look at the great moments on Twitter in 2015, from single Tweets that captured our imagination to hashtags that sparked global conversations.
The proposals aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card.
Trump's son Eric and daughter Ivanka said that they would be focused on their father's business.
The Iraq Football Association (IFA) pledged their support for Prince Ali Bin Al Hussein in next month's FIFA presidential election.
Anti-apartheid icon Nelson Mandela's condition remains "critical but stable", South African President Jacob Zuma said on Saturday hoping he will be out of the hospital soon.
Here's a glimpse of all that happened around the world last week, in 10 images
The bill, however, has to be passed by the Senate, wherein the Republicans enjoy a majority, before it can be signed into law by the US President Donald Trump.
Transportation via inland waterways is cost-effective and more environment-friendly than rail or road transportation
Former FIFA presidential candidate Prince Ali Bin Al Hussein of Jordan is concerned about the pace of reform in world soccer's governing body and says new president Gianni Infantino has "no time to lose" in bringing transparency to the organisation.
The United States is moving forward to develop a long-term strategic military partnership with India, a top American military commander said, noting that in the long run, India's role in security in a peaceful Indian Ocean is critical.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
We bring you a collection of some of the best photographs taken this week by ace Reuters photographers.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The US House of Representatives averted a government shutdown on Thursday, narrowly passing a $1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions.
United States President Barack Obama has acknowledged that the Central Investigation Agency had tortured suspects detained in the immediate aftermath of September, 11 terror attacks.
Bradley Manning, the United States army soldier who leaked a massive trove of secret US government files to WikiLeaks, was on Tuesday acquitted of the most serious charge of aiding the enemy but was convicted of several counts of espionage.
President Barack Obama has said the United States and its allies are not at war with Islam but with people who have perverted the religion, asserting that groups like the Islamic State and Al Qaeda are desperate for legitimacy by portraying themselves as holy warriors in the defence of religion.
15 images from events that shaped last week's headlines.
Dr Manjiri Bakre's OncoStem is revolutionising breast cancer treatment. And has raised $6 million to do more!
Kamala Harris, Pramila Jayapal, Ro Khanna and Raja Krishnamoorthi make their way to the Congress.
The markets, at this point, have rallied on the view that the Fed will not budge from the zero-bound as long as inflation remains subdued
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances