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India forex reserves jump $7.78 billion to record high of $568.49 billion: RBI Tata Steel Q2 results: Profit declines 59.5% to Rs 1,635 crore; net debt reduces by Rs 8,197 crore India’s forex reserves surged to all-time high of $568.49 billion this month versus $475.56 billion in March, before the pandemic outbreak, a jump of 19.5 per cent . The RBI extended its dollar purchase spree in September as it likely aimed to build up foreign exchange reserves, billed as a firewall against any sudden fund outflows.
The Reserve Bank of India is the top rulemaking authority in India regarding financial affairs, including foreign exchange transactions. So if you are looking to do a money transfer abroad from India or currency exchange in India, then you need to be aware of the RBI rules regarding the same. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.
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