According to RBI’s latest data, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD 4.38 billion to USD 509.728 billion. File photo | Photo Credit: AFP India’s foreign exchange reserves rose sharply by USD 5.977 billion to USD 578.778 billion, hitting an over eight-month high. During the prior week that […]
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Representational file image. | Photo Credit: Reuters India’s foreign exchange reserves dropped $325 million to $560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on March 3. In the previous reporting week, the overall reserves had declined $5.68 billion to $561.267 […]
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While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern The rupee’s weakening exchange rate […]
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India’s foreign exchange reserves fell to $532.66 billion in the week through September 30, lowest level since July 2020, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. India’s reserves declined for a ninth consecutive week. They were $537.52 billion at the end of the previous week ended September 23. The rupee […]
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Country has strong external balance sheet, limited external debt, says ratings director Country has strong external balance sheet, limited external debt, says ratings director India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday. Speaking at the India Credit […]
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