{
    "success": true,
    "data": {
        "id": 1013941,
        "msgid": "indian-forex-reserves-up-1447893297",
        "date": "1994-10-10 00:00:00",
        "title": "Indian forex reserves up",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Indian forex reserves up NEW DELHI (AFP): India's foreign exchange reserves are set to reach a record US$20 billion during the current financial year, The Business Standard daily reported yesterday. Finance ministry officials told the newspaper that reserves had increased by $1 billion in September to a high of $18.67 billion, making the target of 20 billion feasible in fiscal 1994- 95.",
        "content": "<p>Indian forex reserves up<\/p>\n<p>NEW DELHI (AFP): India&apos;s foreign exchange reserves are set to<br>\nreach a record US$20 billion during the current financial year,<br>\nThe Business Standard daily reported yesterday.<\/p>\n<p>Finance ministry officials told the newspaper that reserves<br>\nhad increased by $1 billion in September to a high of $18.67<br>\nbillion, making the target of 20 billion feasible in fiscal 1994-<br>\n95.<\/p>\n<p>They said the steep rise was mainly due to an injection of<br>\noverseas investment, which is set to exceed $1 billion in the<br>\ncurrent financial year, which began in April.<\/p>\n<p>Direct foreign investment was $620 million in 1993-94, they<br>\nsaid.<\/p>\n<p>The Business Standard said portfolio management and global<br>\nofferings of Indian scrips had contributed $1.6 billion and $1.5<br>\nbillion to the reserves this fiscal year.<\/p>\n<p>Foreign investors have pledged more than $5 billion since<br>\nFinance Minister Manmohan Singh launched sweeping economic<br>\nreforms in 1991, ending a host of quasi-socialistic market curbs.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indian-forex-reserves-up-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}