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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Image for representation. | Photo Credit: Reuters India’s foreign exchange reserves fell to $560 billion as of the week ended March 10, lowest since early-December, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves stood at $562.40 billion in the week to March 3. The central bank intervenes in the spot […]
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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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The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union […]
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