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Source: Live Mint Indian rupee depreciated to a record low on Monday, following weakness in Asian peers, weighed down by elevated crude oil prices and strong US dollar. The local currency dipped to a lifetime low of 84.0725 to the US dollar, inching past the prior low of 84.07 hit on Friday. The rupee opened…
Source: Business Standard India’s forex reserves have ballooned by $87.6 billion so far in 2024, already more than the near-$62 billion increase over the whole of last year. 2 min read Last Updated : Oct 04 2024 | 5:35 PM IST India’s foreign exchange reserves crossed $700 billion for the first time on record,…
Source: Business Standard 2 min read Last Updated : Sep 27 2024 | 5:46 PM IST India’s foreign exchange reserves continued to rise for a sixth straight week to a record high of $692.3 billion as of Sept. 20, data from the central bank showed on Friday. The reserves rose by $2.84 billion…
Source: Business Standard 1 min read Last Updated : Sep 13 2024 | 5:33 PM IST India’s forex reserves jumped $5.248 billion to a new all-time high of $689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by $2.299 billion to…
Source: Business Standard 2 min read Last Updated : Sep 13 2024 | 4:50 PM IST The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the U.S. dollar as the odds of a outsized Federal Reserve rate cut next week rose after media reports said the decision is likely…
