Business

Recent RBI Data Shows An Increase In Forex Reserve

Posted on Author JIT Mukherjii Comment(1)

In a recent data declared by the Reserve Bank of India (RBI) it was seen that the Foreign Exchange Reserve or the Forex for India has gone up, as compared to the last month. There was a rise to USD 292.33 billion by an amount of USD 1.26 billion. This increase was measured till the end of the week for February 7th.

The week which ended in January 31st of this year showed that the Forex reserve was on the path of decreasing. The decrease that was noted was to USD 291.07 billion and it was decreased by an amount of USD 1.26 billion.

The growth of USD 265.83 billion by an amount of UDS 1.26 billion is considered to be one of the biggest components for the Forex Reserve. This was in accordance with the weekly statistical supplement foreign currency assets.

RBI said that the modulation in the USD determines the effect of depreciation or appreciation of the other currencies that are in their reserve.

JIT Mukherjii
After completing his MBA in Financial Management, he decided to shift to writing and took it as his full time career. Being the Editor-in-chief of this web magazine, he has got diverse interest in the field of politics and business related matters.

Related Articles
Business

Orange County Choppers Foreclosure: Reason Behind The Bankruptcy

Posted on Author JIT Mukherjii

Last night the most shocking scene from “American Chopper” of Orange County Choppers was the preview where viewers saw a caption with OCC and their money related troubles written in clearly visible and bold headline. If you watch reality TV shows then you must know that what is seen on television set is not in […]
Business

Europe Mounting Up Pressure On Ireland To Accept A Financial Bailout

Posted on Author JIT Mukherjii

When recession put its grips on different world economies in 2008, Ireland was perhaps one of the few nations which went almost on the verge of bankruptcy. Today different European nations have asked Ireland to accept a bailout package from different European nations. But Ireland government authorities are not agreeing to the proposal and they […]
Business

Car Prices Goes Down, Aspirants Left With A Quarter Year To Fulfill Desire

Posted on Author Foster

Car prices in India are going to get cheaper by fairly handsome amounts after the interim budget presented by Finance Minister P. Chidambaram in the Lok Sabha. Since it is the interim budget and the present government term is going to end soon, the revised price will be effective till 30th June 2014. Thus aspiring […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.