NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease in…
India’s foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of December 13, data from the Reserve Bank of India (RBI) showed on Friday. The reserves had declined by $3.2 billion in the week of December 6, and have declined by $52 billion from the record high…
India’s forex reserves rise to $658.09 billion NEW DELHI: India’s foreign exchange reserves increased by $1.51 billion to $658.09 billion in the week ending November 29, the Reserve Bank of India (RBI) reported on Friday. This marks the first rise in nine weeks, recovering from a five-month low.The reserves had previously declined by a cumulative…
Rupee declined to an all time low of 84.41 against the US dollar on Thursday, affected by continuous foreign fund withdrawals and robust dollar requirements from investors. According to currency market specialists, sustained inflation and substantial foreign capital outflows are primarily responsible for the downward movement in the USD/INR pair.In early trade at the interbank…
India’s overall gold reserves, managed by the Reserve Bank of India, stood at 854.73 metric tonnes as per the apex bank’s latest half-yearly report on the country’s foreign exchange reserves.The report, released on Tuesday, revealed that a major portion of the gold reserve, amounting to 510.46 metric tonnes, is stored domestically within India while the…
Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering a cut. India’s central bank governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by…
