RBI and Government closely monitoring the rates

“The government and Reserve Bank of India are closely monitoring the emerging external position including exchange rate of the rupee on an on-going basis and are calibrated policies or regulations to support robust macroeconomic outcome,” Mrs. Nirmala Sitaraman (Finance Minister) said. Inward remittances from Indians residing abroad stood at USD 58.31 billion in April-December 2018-19, against USD 69.12 billion in the full financial year 2017-18. It was USD 61.29 billion in 2016-17, USD 65.59 billion in 2015-16, USD 69.81 billion in 2014-15 and USD 69.63 billion in 2013-14. She said that, as per the latest annual report of the home ministry, over Rs.15,000 crore and over Rs.20,000 crore was received in 2016-17 and 2015-16 under the Foreign Contribution (Regulation) Act, 2010. “No reason has been stated for the decline.

  • The Indian rupee appreciated this week by 0.53 paisa gain compared with the previous week close.
  • Last week Indian rupee closed at ₹69.55 with the aggregate gain of 0.25 paisa.
  • Current week i.e. rupee closed at ₹69.02 with gain of 0.05 paisa on Friday.
  • Highest gain 0.20 paisa on Monday and No losses for the week.

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