The Reserve Bank of India announced on Friday that for the week ending October 31, India’s foreign exchange reserves fell $5.623 billion to $689.733 billion. To $695.355 billion, the total reserves had decreased by $6.925 billion. Foreign currency assets, a significant portion of reserves, fell by $1.957 billion to $564.591 billion for the week ending…
The RBI announced on Friday that as the value of gold reserves continued to rise, India’s foreign exchange reserves increased by $4.496 billion to $702.28 billion for the week ending October 17. During the last reporting week, the total reserves increased by $2.176 billion to $697.784 billion. Foreign currency assets, a significant part of the…
The rupee gained 34 paise to 84.96 against the US dollar in Friday morning trading. Emerging market currencies, including the rupee, benefited from the dollar’s widespread decline after Trump’s tariffs took effect. The decline in crude oil prices and the US dollar’s depreciation in foreign exchange markets are the main drivers of the rupee’s recovery….
The RBI reported on Friday that the nation’s foreign exchange reserves increased by USD 4.529 billion to USD 658.8 billion in the week ending March 21. The total reserves rose by USD 305 million to USD 654.271 billion over the previous reporting week. The kitty, which has been on a downward trajectory lately due to…
In early trading on Thursday, the rupee fell 22 paise to 87.41 against the US dollar as emerging currencies, particularly the rupee, were affected by the most recent US tariff measures. According to forex professionals, the recent US tariff pronouncements have rocked international markets and strengthened the currency. The rupee declined 22 paise from its…
The range between the rupee’s starting and closing values has reduced to 5-7 paise in the past week due to the RBI’s action to stop the currency’s decline. Since December, there has been a gap between 10 and 20 paise. The intervention has resulted in consistent spot market sales of $1–2 billion per day, according…
Early on December 30, the rupee fell 5 paise versus the US dollar, reaching Rs 85.53. Increased demand from importers, withdrawals of foreign investment, and a decline in activity in the Indian equities market are the factors for the decrease in investor mood. The rupee opened worse at the interbank foreign exchange, falling 5 paise…
Due to the Chinese yuan’s decline and importers’ aggressive dollar buys, which were probably connected to month-end payments, the rupee fell to yet another all-time low on Monday, according to FX traders. The decrease was, however, restrained by dollar sales made by the state-owned banks acting on behalf of the Reserve Bank of India. After…
Despite reaching new lows in CY24, the rupee beat the majority of Asian currencies because the Reserve Bank of India (RBI) intervened promptly. Over the year, it lost 1.5% of its value about the US dollar. The dollar index, which measures how the US dollar performs about a basket of six major currencies, is down…
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…
