forex reserves News

India's Forex Reserves Surge by $305 Million, Marking a Significant Economic Milestone

India's forex reserves have increased by $305 million to $654.3 billion, marking a significant economic milestone. This growth highlights the country's economic resilience and robu...

RBI's Bold Move: $20 Billion Forex Sold in November, Potential for $138 Billion More

The RBI sold $20 billion from its forex reserves in November to stabilize the rupee, with potential for $138 billion more in sales. Despite significant sales, India's forex reserve...

India's Forex Reserves Hit a 10-Month Low Amidst Rupee's Steepest Weekly Drop in 18 Months

India's forex reserves have fallen to a 10-month low of $625.9 billion, with the rupee experiencing its steepest weekly drop in 18 months. The decline is attributed to RBI's dollar...

India's Forex Reserves Take a Significant Dip: A Closer Look at the $8.48 Billion Decline

India's foreign exchange reserves have significantly declined by $8.478 billion to $644.391 billion, as reported by the Reserve Bank of India. This marks a continued downward trend...

India's Robust Forex Reserves: Sustaining 11 Months of Imports and 96% of External Debt

India's forex reserves as of June 2024 are sufficient to meet over 11 months of imports and 96% of external debt, according to the RBI. The reserves have increased by $6.4 billion ...

India's Forex Reserves Plummet to a Six-Month Low: What's Behind the Decline?

India's foreign exchange reserves have dropped to a near six-month low of $652.87 billion, influenced by RBI interventions and currency fluctuations. The rupee also hit an all-time...