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Source: Live Mint New Delhi [India], February 23 (ANI): India’s foreign exchange reserves slumped in the week that ended on February 14, reversing the gains it had extended in the past three weeks. In the week that ended on February 14, the forex reserves declined USD by 2.54 billion to USD 635.721 billion. The forex…
Source: Live Mint Mumbai, Feb 10 (PTI) The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 (provisional) on suspected RBI intervention. The American currency gained in the overseas market…
Source: Live Mint In March the rupee was at 82.77 to the US dollar. Currently, it is around 85.25, which is a drop of about 3%. We will look at the reasons for this depreciation, but the important point is that our external situation – as measured by our current account deficit (CAD) and balance…
Source: Business Standard The RBI had intervened in both the non-deliverable forwards and local spot forex market to help the rupee stay above the psychologically important 84 mark, traders said. 2 min read Last Updated : Oct 11 2024 | 5:26 PM IST India’s foreign exchange reserves fell for the first time in eight…
Source: Business Standard 2 min read Last Updated : Oct 04 2024 | 4:51 PM IST By Subhadip Sircar India’s foreign-exchange reserves will likely rise to $745 billion by March 2026, giving the central bank more potential firepower to influence the rupee, according to Bank of America. Click here to connect with…
Source: Business Standard The domestic currency settled at 83.5625 on Friday, and gained nearly 0.4% week-on-week, its strongest weekly rise this year. 1 min read Last Updated : Sep 20 2024 | 5:32 PM IST India’s foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of…
Source: Business Standard 1 min read Last Updated : Sep 20 2024 | 11:56 AM IST India’s foreign exchange reserves expanded by $66 billion in 2024, marking an all-time high of $689 billion. This follows an increase of $60 billion in 2023, after a decline of $71 billion in 2022. Among the top five…
Source: Business Standard India’s reserve position with the IMF was down by $58 million to $4.622 billion in the reporting week, the apex bank data showed. 1 min read Last Updated : Sep 06 2024 | 5:44 PM IST India’s forex reserves jumped by $2.299 billion to a new high of $683.987 billion for…
