Foreign exchange reserves Current Affairs, GK & News

RBI’s Digital Payment Index

The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online transactions was 304.06 in September 2021. It was 270.59 in March 2021. In September 2020, ..

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India’s foreign exchange reserves increased by USD 2.039 billion

As per RBI data, India’s foreign exchange reserves increased by USD 2.039 billion in the first week of October 2021. Highlights Foreign exchange now stands at USD 639.516 billion. In the last week of September, reserves had dropped by USD 1.169 billion, accounting for a reserve of USD 637.477 billion. It had increased by USD 8.895 ..

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Foreign exchange reserves surge by USD 9.427 billion

As per RBI Data, India’s foreign exchange reserves surged by USD 9.427 billion. Foreign exchange reserves now stand at a record high of USD 620.576 billion in the week ended July 30. Key Points In 3rd week of July, reserves had declined by USD 1.581 billion amounting to USD 611.149 billion. Rise in reserves was ..

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Forex Reserves of India are rising

The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves are the reserve assets that are held by the central bank in foreign currencies. It ..

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Cabinet Approval: To amend Companies Act, 2013

On March 4, 2020, the Union Cabinet approved 72 changes to the Companies Act, 2013. The main aim of the amendment is to decriminalize the provisions in the act. Highlights The amendment aims to recategorize 23 offences and omit 7 compoundable offences. Under the amendment, the companies with Corporate Social Responsibility (CSR) obligation of less ..

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India’s Foreign Exchange touches all time high of 457.468 billion USD

RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said that the country’s special drawing rights with the IMF (International Monetary Fund) dipped by 2 million USD and the reserve position increased by 58 million USD. Currently, ..

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