Foreign Currency  

India's foreign exchange reserves increased by USD 1.622 million to USD 481.078 billion in the week to May 1, due to rise in the foreign currency assets, according to RBI data

The Directorate of Revenue Intelligence (DRI) on Tuesday (May 28) arrested a woman who arrived in Hyderabad from Dubai for smuggling 11.1 kg gold and Rs 1.5 crore worth foreign currencies at the Rajiv Gandhi International Airport

The Directorate of Revenue Intelligence (DRI) officials also seized foreign currency to the tune of Rs 3.22 crore, foreign marked gold worth Rs 2.1 crore and jewellery worth Rs 1.75 crore

While screening the baggage at the airport in Hyderabad, CISF personnel found a Dubai-bound passenger carrying unaccounted foreign currency. They handed him over to the customs officials and the investigation is on.

The airline reported a net standalone loss of Rs 1,297 crore in the July-September quarter on the back of higher fuel costs and foreign currency losses