The surge is a stark turnaround from when the country's current account gap hit a record high due to outflows on expectations the U.

Fed would rein in its stimulus programme. The RBI has been regularly buying dollars since last week to stem the rupee's gains even as the currency continues to strengthen, hitting a more than four-month high of India's balance of payments swung to a surplus in October-December, marking a modest upturn in its financial position that analysts believe may prove resistant to global economic fragility.

MUMBAI The Securities and Exchange Board of India SEBI on Wednesday allowed hedge funds registered as category III Alternative Investment Funds AIFs to invest in commodity derivatives as clients, opening up the market to institutional investors for the first time.

NEW DELHI India on Wednesday allowed banks and post offices to exchange old, big bank notes, which are no longer in circulation, with the Reserve Bank of India RBI in a month, provided these notes were collected by Dec.

India Foreign Exchange Reserves Forecast

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.

Learn more about Thomson Reuters products:. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Markets Home Stocks India Markets US Markets Currencies Commodities.

Reserve Bank of India - Weekly Statistical Supplement

Elections Top News India Insight Monsoon Top News Video. World Home South Asia Middle East Special Reports Reuters Investigates World Video.

Technology Home Science Tech Video Innovation. Commentary Home Expert Zone. Breakingviews Home Breakingview Videos. Money Home Stock Screener Fund Screener.

Sports Lifestyle Bollywood Entertainment Oddly Enough Health Arts Lifestyle Video. Pictures Home The Wider Image Photographers Focus Money News Fri Apr 8, 6: A customer walks past an advertisement for a foreign currency exchange facility at a bank in Mumbai August 19, Also In Money News.

The Thomson Reuters Trust Principles. SEBI tightens rules for offshore derivatives. Follow Us On Twitter Follow Us On Facebook RSS Follow Us On LinkedIn. Reuters News Agency Brand Attribution Guidelines Careers.

India's foreign exchange reserves surge to record high of $ billion | Reuters

Learn more about Thomson Reuters products: Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. Everything you need to empower your workflow and enhance your enterprise data management. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.

Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.

The industry leader for online information for tax, accounting and finance professionals.