Forex reserves scales to record $372 billion
The Dollar Business Bureau India’s foreign exchange reserves scaled $1.223 billion to touch a new high of $371.99 billion for the week to September 30, according to Reserve Bank of India (RBI) data. The increase was primarily due to a $1.468-billion increase in the foreign currency assets. The reserves grew $1.166 billion to $370.766 billion in the previous week. The foreign reserves had touched $371.279 billion in the week to September 9. Foreign currency assets, a major component of the overall reserves, surged $1.468 billion to $346.71 billion, RBI said in a statement. After remaining steady for various weeks, gold reserves fell $236.4 million to $21.406 billion, the premier banking authority said. Meanwhile, the special drawing rights with the International Monetary Fund (IMF) also decreased $3.3 ...
USA accounts for the highest share of foreign tourist arrivals in June 2015
Source: PIB, Government of India Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI) and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India. The following are the important highlights regarding FTAs and FEEs from tourism during the month of June 2015. FTAs during the Month of June 2015 were 5.13 lakh as compared to FTAs of 5.05 lakh during the month of June 2014 and 4.51 lakh in June 2013. There has been a growth of 1.8% in June 2015 over June 2014. FTAs during the period January- June 2015 were 38.45 lakh with a growth of 3.4% ...
Marginal growth in foreign exchange earnings from tourism in dollar terms
The Dollar Business Bureau The foreign exchange earnings (FEEs) in US$ terms increased by 0.7% to US$ 1.674 billion in March 2015, as compared to FEEs of US$ 1.662 billion registered during the month of March 2014. This is in comparison to a decline of 5.3% in March 2014 over March 2013, said a PIB release. FEEs from tourism in US$ terms during January- March 2015 were US$ 5.310 billion with a growth of 1.1% as compared to the US$ 5.253 billion with a decline of 6.9% during January- March 2014 over January- March 2013. In rupee terms, the growth rate was better with FEEs during the month of March 2015 touching Rs.10,451 crore as compared to Rs.10,152 crore ...
FICCI to promote tourism in Uttar Pradesh, India
Sachin Manawaria | @TheDollarBiz Lord Buddha delivered his first sermon after attaining enlightenment at Sarnath, India The Federation of Indian Chambers of Commerce and Industry (FICCI) has tied up with the Government of Uttar Pradesh to promote tourism in the state. Recently, O.P. Singh, Minister of Tourism, Government of Uttar Pradesh, formally launched the Uttar Pradesh Travel Mart (UPTM) 2015, which will be held in Lucknow from February 22-24, 2015. On this occasion, the minister launched the website www.ficci-uptm.com to help foreign and domestic travellers. The UPTM 2015 will see 75 top foreign tour operators from across the world who will have pre-schedule B2B meetings for two days with the sellers of tourism products of the state of Uttar Pradesh ...
Indias Foreign Exchange Earnings from tourism up 20% in April Sep 2014
The Dollar Business Bureau | @TheDollarBiz Foreign Tourist Arrivals to India are up about 11.7% (y-o-y) in April - September 2014 India’s Foreign Exchange Earnings (FEE) from tourism in the first half of FY2014-15 stands at Rs.54,170 crore (about $9 billion), which is up almost 20% compared to Rs.45,275 crore (about $7.66 billion) earned in the corresponding period last year. According to India’s Ministry of Tourism, the total number of tourist arrivals (Foreign Tourist Arrivals or FTAs) during April-September 2014 has increased to 30.53 lakh, up about 11.7% from 27.33 lakh recorded during the same period last year. The top source countries in September 2014 include: Bangladesh (14.79%), USA (11.88%), UK (8.33%), Sri Lanka (4.77%), Malaysia (4.18%), Japan (3.69%), Australia (3.54%), ...
