Forex Reserves News

Rupee's Surge to 85/$: A Double-Edged Sword for Exporters Amid Global Dollar Weakness

The Indian rupee's surge to 85 against the dollar poses challenges for exporters, amid global dollar weakness and rising forex reserves. Market eyes on upcoming economic data for d...

India's Forex Reserves Skyrocket: A $15.3 Billion Weekly Leap

India's foreign exchange reserves surged by $15.3 billion in a week, the largest increase in over three years, driven by RBI's currency swap operations. This strategic move aimed t...

South Korea's Forex Reserves Dip to a 4-Year Low: What's Behind the $409.2 Billion Drop?

South Korea's foreign exchange reserves have fallen to $409.21 billion, marking a 4-year, 9-month low. This decline is primarily due to expanded foreign exchange swap agreements wi...

Indian Rupee Hits Near 86/$ Mark, Marking Tenth Consecutive Week of Decline

The Indian rupee has continued its downward trend against the US dollar, nearing the 86 mark for the tenth consecutive week. This decline is attributed to strong US non-farm payrol...

Indian Rupee Hits Record Low Against Dollar Amid Falling Forex Reserves

The Indian rupee hit a record low against the dollar, closing at 85.77, amidst falling foreign exchange reserves. The decline is attributed to the weakening Chinese yuan and a stro...

India's Forex Reserves Witness a Sharp Decline: A $4.11 Billion Drop to $640.27 Billion

India's foreign exchange reserves have decreased by $4.112 billion to $640.279 billion, as reported by the Reserve Bank of India. This decline is part of a consistent decrease in r...

Indian Rupee Hits Record Low in 2024: A Deep Dive into the 3% Plunge

The Indian rupee ended 2024 with a 2.8% depreciation against the US dollar, marking its seventh consecutive year of decline. Factors include a potential shift in RBI's forex strate...