Business Economy


Foreign exchange reserves fall by USD 21.87 billion in three weeks

Mumbai, Nov 9 (UNI) India’s foreign exchange reserves fell by USD 5.623 billion to USD 689.733 billion during the week ended October 31, marking a cumulative decline of USD 21.869 billion over the past three weeks.
According to data released by the Reserve Bank of India (RBI), in the previous week ended October 24, the reserves had dropped by USD 6.925 billion to USD 695.355 billion.
As per the RBI’s data issued on November 7, the foreign currency assets (FCA) — the largest component of the reserves — declined by USD 1.957 billion to USD 564.591 billion during the week ended October 31. The FCA includes holdings of currencies such as the US dollar, Japanese yen, euro, and British pound, whose values fluctuate depending on exchange rates against the dollar.
During the week under review, gold reserves fell sharply by USD 3.81 billion, bringing the total to USD 101.726 billion.
Meanwhile, the reserve position with the International Monetary Fund (IMF) increased by USD 164 million to USD 4.772 billion, while Special Drawing Rights (SDRs) declined by USD 19 million to USD 18.644 billion.
UNI XC RKM
More News

Nine of top 10 firms lose Rs 3 12 trillion in valuation; Bharti Airtel only gainer

17 May 2026 | 2:52 PM

New Delhi, May 17 (UNI) The market valuation of nine of the top 10 most-valued firms eroded by Rs 3.12 trillion last week, with Reliance Industries taking the biggest hit as its market capitalisation tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.

see more..

Ganesh Housing Limited's tech city project targets Rs 600 cr yearly lease income from GCC boom

17 May 2026 | 2:15 PM

Ahmedabad, May 17 (UNI) India's commercial real estate market may be entering a new phase where developers are no longer merely building office towers to sell, but creating long-term annuity assets around the country's booming Global Capability Centre (GCC) economy.

see more..

Foreign investors continue exit, withdraw over Rs 27,000 cr in May

17 May 2026 | 1:48 PM

New Delhi, May 17 (UNI) Foreign investors continued to take exit from the Indian equities as they withdrew Rs 27,048 crore so far this month. As per the data from NSDL, the total outflows by Foreign Portfolio Investors (FPIs) from the equity market have reached Rs 2.2 trillion in 2026. This is higher than the Rs 1.66 trillion pulled out during the entire 2025.

see more..

Ahmedabad joins GCC race with Rs15,000 crore Million Minds Tech City push

17 May 2026 | 1:09 PM

By BD Narayankar
Ahmedabad, May 17 (UNI) Ahmedabad, long associated with trade and traditional enterprise, is now being repositioned as a hub for a different kind of ambition-one that seeks to place the city within the geography of Global Capability Centres (GCCs) and high-value services historically concentrated in Bengaluru, Hyderabad, Pune and other established technology hubs.

see more..

Online filing and Excel utilities for ITR-1 and ITR-4 for AY2026-27 now available on e-filing portal: Income Tax India

17 May 2026 | 11:16 AM

New Delhi, May 17 (UNI) Income Tax India urges people to file their Income Tax Return (ITR) by sharing a post on microblogging site X.

see more..