[ NEW DELHI: India’s foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 2.828 billion to USD 640.334 billion … Read more
[ The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion … Read more
[ NEW DELHI: India’s foreign exchange reserves rose for the seventh straight week to hit a fresh all-time high of USD 648.562 billion in the week ending on April 5, as per the latest data released by the Reserve Bank of India (RBI).The foreign exchange kitty was at USD 645.583 billion prior to the week … Read more
[ Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows.Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co’s landmark announcement in September and are beginning … Read more
[ MUMBAI: The country’s foreign exchange reserves rose for a third straight week and reached a more than two-year high of $636.1 billion as of March 8, data from the central bank showed on Friday. The reserves jumped by $10.5 billion in the reporting week, the biggest jump since the week ended July 14, 2023. … Read more
[ NEW DELHI: India’s foreign exchange reserves increased by $4.471 billion to $620.441 billion in the week ending December 22, 2023, hitting a 21-month high, the latest data released by the Reserve Bank of India showed. In the calendar year 2023, the RBI added about $58 billion to its foreign exchange kitty.Last week, India’s foreign … Read more
