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Tag: foreign reserves

  • NYMEX Market

Rupee on a weak pitch; prices are edging toward 84.75 vs the dollar.

guna@fastura.com7 months ago03 mins

Against the US dollar, the rupee fell 7 paise to Rs 84.73 in early trading on December 9. Foreign money leaving the country and a decrease in activity in the Indian stock market are the reasons for the dip. The strong demand for dollars from importers and international banks is the reason why the Indian…

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  • NYMEX Market

Forex reserves decline for the eighth week in a row.

guna@fastura.com7 months ago02 mins

In the week ending November 22, India’s foreign exchange (forex) reserves fell to USD 656.582 billion for the eighth consecutive week, according to the Reserve Bank of India (RBI). The foreign exchange reserves are in a downward phase after reaching an all-time high of USD 704.89 billion in September. They fell by around USD 1.31…

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