India’s foreign exchange reserves
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Forex Reserves decline by $8.31 bn to $566.94 bn
As the US dollar rises due to the speculation that the Federal Reserve will continue to tighten repo rates, it has bogged down the Indian Rupee. The need to tackle a free fall in the value of the Rupee, was...
Published On February 18th, 2023 -
India’s forex reserves drop by $1.5 billion to $575.3 billion as on February 3
India’s foreign exchange reserves saw a drop after nearly three weeks, falling $1.5 billion to $575.27 billion in the week ended February 3. The fall was the result of the decline in the Foreign Currency Assets (FCA), a major component...
Published On February 11th, 2023 -
India’s Foreign Exchange Reserves Finally Jump by $6.56 billion, Largest Weakly Gain In Over A Year
India's foreign exchange reserves logged their biggest weekly jump since September 2021 and also rose for the first time in three weeks for the week ended October 28, helped by gains in both foreign currency assets and gold reserves. The...
Published On November 5th, 2022 -
India’s forex reserves hit a new low, RBI forced to spend $118 billion to defend INR
India's forex reserves hit a new low: For the week ending October 14, India's foreign exchange reserves (Forex Reserves) further declined to a level not seen in more than two years as the country's central bank, Reserve Bank of India (RBI)...
Published On October 29th, 2022 -
RBI Sells $13 billion in August to Hold Rupee at 80
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar. That is an effort the...
Last updated on September 28th, 2022 04:00 pm
