foreign exchange

Forex reserves drop 1st time in 8 weeks

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[ MUMBAI: India’s foreign exchange reserves fell for the first time in eight weeks to $643.2 billion as of April 12 from 648.6 billion – a drop of $5.4 billion.This is the steepest fall over three months, after rising $32.5 billion in the previous seven weeks. The decline comes after the RBI sold dollars in … Read more

India’s Forex Reserves Decline $5.2 Billion, RBI’s Intervention to Defend Rupee | India Business News

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[ MUMBAI: India’s foreign exchange reserves declined by $5.240 billion to $617.230 billion in the week that ended on February 9, coming off a month high it hit the prior week, latest data released by the Reserve Bank of India showed.During the week that ended on February 9, India’s foreign currency assets (FCA), the biggest … Read more