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Tag: foreign banks

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Forex reserves reach $619 billion, an increase of $2.975 billion

Mahalakshmi@fastura.com1 year ago1 year ago01 mins

For the week ending February 23, India’s foreign exchange reserves increased by USD 2.975 billion to USD 619.072 billion. The total reserves had decreased to USD 616.097 billion from USD 1.132 billion during the previous reporting week. The foreign currency assets rose by USD 2.405 billion to USD 548.188 billion during the week ending February…

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rupee dollar
  • NYMEX Market

The rupee closes higher in January and exceeds its major Asian competitors

Mahalakshmi@fastura.com1 year ago02 mins

Due to dollar sales by both domestic and international institutions, the Indian rupee closed the day stronger on Wednesday, reaching its highest level in more than two weeks. The rupee closed at 83.0425 against the US dollar, down from 83.1050 the previous day. The local currency saw its biggest monthly growth since June 2023 in…

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