Forex reserves drop 1st time in 8 weeks

[ 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

Forex reserves jump to 2-year high of $636 billion

[ 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

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

[ 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