Forex reserve

RBI net buys $6.93 billion in July; forex reserve reaches new high

TheSpuzz Desk2 months ago02 mins

Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 9:49 PM IST The Reserve Bank of India (RBI) purchased a net total of $6.93 billion worth of foreign currency in July. It bought $23.56 billion and sold $16.63 billion of foreign currency in July, according to its monthly bulletin. …

RBI Guv Das stabilises volatile rupee with $689 billion forex reserves

TheSpuzz Desk2 months ago09 mins

Source: Business Standard Reserve Bank of India’s foreign-exchange reserves have swelled to almost $700 billion. (Photo: Shutterstock) 5 min read Last Updated : Sep 20 2024 | 7:56 AM IST By Subhadip Sircar and Anup Roy India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility…

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RBI net buys $6.93 billion in July; forex reserve reaches new high

RBI Guv Das stabilises volatile rupee with $689 billion forex reserves