India’s foreign exchange reserves have plunged by over $9.64 billion during the week that ended on March 11.Accordingly, the Reserve Bank of India data showed that India’s forex reserves fell to $622.275 billion from $631.920 billion reported the previous week.According to analysts, a likely intervention by the Reserve Bank of India to arrest the sharp…Continue Reading
India’s foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee. According to the RBI’s weekly statistical supplement, the foreign currency assets,…Continue Reading
India’s forex exchange reserves increased by USD 289 million to USD 640.401 billion for the week ended November 19, the Reserve Bank said on Friday. The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week. They had touched a life time high of USD 642.453 billion in…Continue Reading
The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1 Ians India Published: Friday, 15 October 2021 Last updated: 15 October 2021, 07:27 PM IST Photo: IANSIndia’s Forex Reserves Rise By Over $2 Billion India’s foreign exchange reserves rose by $2.039 billion during…Continue Reading
Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday. Speaking at a webinar organised by Crisil Ratings, he said there is a misinformed view in India that since the country has a strong foreign…Continue Reading