Forex reserves jump by $2.7 billion to touch all-time high of $322.14 billion: RBI

Forex reserves jump by .7 billion to touch all-time high of 2.14 billion: RBI

KOLKATA: India's foreign exchange reserves has scaled a new height of $ 322.14 billion replacing the previous record of $ 320.79 billion seen 40 months ago, on steady buying of the US dollar by the Reserve Bank of India, which could only accelerate in …

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UPDATE 2-Nigeria naira rebounds from record lows on cenbank action

LAGOS Jan 22 (Reuters) – Nigeria's naira recovered from record lows hit this week after the central bank increased forex trading limits and sold dollars to commercial lenders on Thursday, dealers said. The unit rose 0.45 percent to close at 188.35 …

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RBI soaks up dollars to avert sharp rise in rupee post ECB move

By ET Bureau | 24 Jan, 2015, 05.31AM IST … We continue to expect the RBI governor to recoup forex to fight possible contagion with the Fed likely to raise rates in September," said Indranil Sengupta, economist at Bank of America Merrill Lynch. "We …

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Naira rebounds from record lows on central bank action

Naira recovered from record lows hit this week after the central bank increased forex trading limits and sold dollars to commercial lenders on Thursday, dealers said. The unit rose 0.45 percent to close at 188.35 naira after ending at a record …

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