India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low
14 hours, 5 minutes ago

India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low

Live Mint  

India's foreign exchange reserves are sufficient to meet over 11 months of import needs and nearly 96 per cent of external outstanding debt requirements as of the end of June 2024, reported the news agency ANI citing the Reserve Bank of India on Tuesday, December 24. The forex reserves rose $6.4 billion in the financial year 2024-25 to $652.9 billion as of December 13, as per the news report citing a monthly bulletin. According to the agency report, forex reserves are likely declining due to RBI's intervention in preventing a sharp decline in the rate of the national currency, the Rupee. As per the latest data cited in the report, India's foreign currency assets, which make up the largest component of the forex reserve, were at $562.576 billion.

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History of this topic

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low
Trending News
3 days, 22 hours ago

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News  

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

India's forex reserves drop USD 1.98 billion to USD 652.86 billion
5 days, 6 hours ago

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

India TV News  

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.235 billion to USD 654.857 billion. For the week ended December 13, foreign currency assets, a major component of the reserves, decreased …

Market falls sharply as Fed indicates low interest rate cut in 2025
6 days, 6 hours ago

Market falls sharply as Fed indicates low interest rate cut in 2025

New Indian Express  

MUMBAI: India’s equity market fell sharply on Thursday following a cautious Federal Reserve commentary and weak global cues. At Thursday’s close, the Sensex was down 964.15 points or 1.20% at 79,218.05 while Nifty fell 247.15 points or 1.02% to settle at 23,951.70. The selling intensified on Thursday after the US Federal Reserve gave a hawkish commentary on future rate cute. …

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today
1 week ago

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today

India Today  

The Sensex and Nifty continued their downward slide for the third consecutive session on Wednesday, as global and domestic factors weighed heavily on investor sentiment. The benchmark indices fell ahead of the US Federal Reserve's policy announcement later today, with market participants closely watching for hints on future interest rate moves. KEY REASONS BEHIND THE FALL Global pressure ahead of …

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
1 week, 1 day ago

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

The Hindu  

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. “The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November …

Record trade deficit adds to rupee’s challenges, may open to all-time low
1 week, 1 day ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint  

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha
1 week, 1 day ago

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha

Live Mint  

New Delhi, December 16 : The government on Monday clarified that the recent decline in India's foreign exchange reserves is not the highest decline in the country's history. Minister of State for Finance, Pankaj Chaudhary, stated in a written reply in the Lok Sabha that the reserves declined by 2.63 per cent during the week ending November 15, 2024, compared …

Indian rupee to face renewed pressure as US yields climb
1 week, 2 days ago

Indian rupee to face renewed pressure as US yields climb

Live Mint  

By Nimesh Vora MUMBAI, Dec 16 - The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. "With inflation remaining sticky, and President-elect Trump looking to strengthen the U.S. growth performance, the Fed is set to signal a more cautious …

Forex reserves fall by $3.23 billion; Rupee gains 10 paise
1 week, 5 days ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express  

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Rupee hits record low, RBI intervention counters bearish tilt
1 week, 5 days ago

Rupee hits record low, RBI intervention counters bearish tilt

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the non-deliverable forwards market, while the central bank's intervention helped prevent sharp losses. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December …

Rupee falls 7 paise to 84.73 against US dollar in early trade
2 weeks, 2 days ago

Rupee falls 7 paise to 84.73 against US dollar in early trade

The Hindu  

The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous …

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty
2 weeks, 3 days ago

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Live Mint  

India's foreign exchange reserves have seen a resurgence after an eight-week decline that pushed them to multi-month lows. According to data released by the Reserve Bank of India earlier this week, reserves increased by USD 1.51 billion, reaching USD 658.091 billion for the week ending November 29. This recovery follows a sustained dip from September's all-time high of USD 704.89 …

Forex reserves jump $1.51 bn to $658.091 bn
2 weeks, 4 days ago

Forex reserves jump $1.51 bn to $658.091 bn

Deccan Chronicle  

Mumbai: India's forex reserves increased by USD 1.51 billion to USD 658.091 billion for the week ended November 29, the RBI said on Friday. For the week ended November 29, foreign currency assets, a major component of the reserves, increased by USD 2.061 billion to USD 568.852 billion, the data released on Friday showed. Gold reserves decreased by USD 595 …

After 7 weeks of losses, forex kitty adds $1.5 billion; rupee gains on RBI action
2 weeks, 5 days ago

After 7 weeks of losses, forex kitty adds $1.5 billion; rupee gains on RBI action

New Indian Express  

MUMBAI: For the first time in eight weeks, India's forex reserves have increased by a modest $1.51 billion, reaching $658.091 billion for the week ending November 29, after a loss of over $50 billion in the previous seven weeks. According to the weekly statistical supplement issued by the Reserve Bank Friday, the forex kitty made the first recovery in eight …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
3 weeks, 3 days ago

India’s foreign exchange reserves decline for eighth consecutive week

Live Mint  

New Delhi, December 1 : India's foreign exchange reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India showed. The latest RBI data showed that India's foreign currency assets, the largest component of forex reserves, stood at USD 566.791 …

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low
Trending News
3 weeks, 4 days ago

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

Live Mint  

India's foreign exchange reserves extended losses for the eighth consecutive week to hit a five-month low after dropping by $47 billion cumulatively in the last seven weeks. The forex reserves dropped by $1.31 billion to $656.582 billion for the week ended November 22, Reserve Bank of India data showed on Friday. Forex traders said dollar demand from importers for meeting …

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI
3 weeks, 5 days ago

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India TV News  

India's forex reserves dropped USD 1.31 billion to USD 656.58 billion for the week ended November 22, the Reserve Bank of India said. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was released on Friday, showed. India's reserve position with …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint  

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India bond yields marginally down on value buys, fresh cues awaited
1 month, 1 week ago

India bond yields marginally down on value buys, fresh cues awaited

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 18 - Indian government bond yields trended slightly lower in early deals at the start of another holiday-truncated week amid value purchase from investors after yields rose last week. Meanwhile, U.S. Treasury yields edged higher on Friday and remained elevated during Asian hours as strong U.S. retail sales data and import prices lowered bets of …

India rupee to lean on central bank help; bonds to track US peers
1 month, 1 week ago

India rupee to lean on central bank help; bonds to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee will rely on the central bank's help to counter headwinds this week, as the possibility of slower Federal Reserve interest rate cuts and expectations surrounding Donald Trump's policies boost the dollar and U.S. bond yields. A sharp rise in the dollar and elevated U.S. bond yields since …

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak
1 month, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint  

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

Bear bites: Nifty & Sensex hit a low. How deep is the dip?
Trending News
1 month, 1 week ago

Bear bites: Nifty & Sensex hit a low. How deep is the dip?

Live Mint  

Indian equities have been on a rollercoaster ride over the past month, with sharp bouts of selling swiftly followed by bargain hunting as investors pounce on dips. DIIs exhibited strong confidence, net buying ₹16,040.81 crore worth of Indian equities as of 11 November, while FIIs remained wary, net selling ₹19,567.96 crore. Many reasons for the dip "One can ascribe multiple …

Rupee falls to an all-time low as Donald Trump win pressures Asian currencies
1 month, 2 weeks ago

Rupee falls to an all-time low as Donald Trump win pressures Asian currencies

Hindustan Times  

The rupee weakened to a record low on Monday, November 11, 2024 after worries regarding Donald Trump's victory in the US presidential elections pressured Asian currencies and also triggered outflows from the Indian stock market, according to a Reuters report. However, a Bloomberg report said that the RBI was ready to let the rupee weaken in tandem with the Chinese …

Rupee plunges to all-time low of 84.38 against US dollar
Trending News
1 month, 2 weeks ago

Rupee plunges to all-time low of 84.38 against US dollar

India Today  

The rupee hit a record low against the US dollar on Monday, as concerns surrounding the recent victory of Donald Trump in the US elections put Asian currencies under pressure. FOREIGN INVESTORS PULL MONEY FROM INDIAN STOCKS Foreign investors have been offloading Indian stocks at a notable pace, adding further pressure on the rupee. Market experts say the rupee could …

Forex reserves dip for fifth week to over two-month low, rupee slides to record low
1 month, 2 weeks ago

Forex reserves dip for fifth week to over two-month low, rupee slides to record low

New Indian Express  

MUMBAI: The foreign exchange reserves continued to fall for the fifth consecutive week to an over two-month low of $682.13 billion for the week ending November 1, dropping by $2.7 billion as the central bank continued to defend the unit which has been under continuous assault by the dollar. Since the peak it climbed in the week to September 27, …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
1 month, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News  

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus
1 month, 2 weeks ago

Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus

Live Mint  

The Indian rupee reached an all-time low on Monday, November 4, as the continuous outflow from local stocks eased the impact of a weaker dollar. The news agency Reuters reported that it also helped lift the dollar's regional peers ahead of the U.S. presidential elections. According to the report, the Indian rupee closed at 84.1150 against the U.S. dollar after …

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone
2 months, 2 weeks ago

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone

Live Mint  

India's foreign exchange reserves have reached a new milestone, crossing the $700 billion mark for the first time. This surge has been driven by valuation gains and dollar purchases made by the RBI. India is now only the fourth economy in the world to reach this significant milestone, joining China, Japan, and Switzerland.

Stock markets: Sensex falls 91 points, Nifty declines over 27 points to 25,356 in early trade
3 months, 1 week ago

Stock markets: Sensex falls 91 points, Nifty declines over 27 points to 25,356 in early trade

India TV News  

Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. Rupee against dollar Meanwhile, the rupee appreciated 2 paise to 83.84 against the US dollar in early trade on Tuesday, helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets. …

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
3 months, 1 week ago

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

Hindustan Times  

MUMBAI - The Indian rupee was little changed on Monday, wedged between oil companies' dollar demand and a rise in its Asian peers on the back of heightened odds of a 50 basis point U.S. rate cut later this week. Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX The rupee was at 83.8925 against …

India's forex reserve gained $66 billion in 2024, may cover year of projected imports
3 months, 1 week ago

India's forex reserve gained $66 billion in 2024, may cover year of projected imports

India TV News  

India's foreign exchange reserves have been increased by $66 billion this year as it continue to rise for months, hitting several all-time highs. In contrast, India's foreign exchange reserves saw a decline of $ 71 billion in 2022. Forex reserves, or foreign exchange reserves, are assets held by a nation's central bank or monetary authority. Foreign exchange reserves are generally …

Rupee trades in narrow range against U.S. dollar in early trade
3 months, 2 weeks ago

Rupee trades in narrow range against U.S. dollar in early trade

The Hindu  

The rupee traded in a narrow range on Monday and appreciated 1 paisa to 83.94 against the American currency, amid a muted trend in domestic equities. Forex traders said easing crude oil prices and overall weakness in the dollar index supported the rupee, but the Reserve Bank's active intervention kept the rupee in a tight range. "The RBI has been …

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade
4 months ago

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

The Hindu  

The Indian rupee appreciated 11 paise to 83.84 against the U.S. dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows. “The rupee emerged as the least volatile among its peer currencies, a testament to the RBI’s decisive actions, which were further reflected in the nearly $5 billion dip in India’s Forex …

India's forex reserves drop by $4.8 billion to $670.11 billion
4 months, 1 week ago

India's forex reserves drop by $4.8 billion to $670.11 billion

Hindustan Times  

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9, the Reserve Bank of India said on Friday. India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 In the previous reporting week, the kitty jumped by USD 7.533 billion to an all-time high …

Rupee trades in narrow range against US dollar in early trade
4 months, 1 week ago

Rupee trades in narrow range against US dollar in early trade

Hindustan Times  

The rupee witnessed range-bound trading in initial deals against the US dollar on Monday, as market participants remained on the sidelines ahead of the release of key domestic macroeconomic data. "The Indian rupee is expected to be calm as the Reserve Bank continues to buy dollars at lower levels and sell a smaller quantity to keep rupee in a small …

Forex kitty crosses USD 670 billion, but rupee falls by two paise
4 months, 4 weeks ago

Forex kitty crosses USD 670 billion, but rupee falls by two paise

New Indian Express  

MUMBAI: The nation’s forex reserves have touched a new all-time high of $670.86 billion for the week ending July 19, adding $4 billion from the previous week, as foreign funds continue to flow in the country after the government bond inclusion into a global debt index last month. According to the weekly statistical supplement issued by the Reserve Bank Friday, …

Forex kitty up by $10 billion to $667 billion
5 months ago

Forex kitty up by $10 billion to $667 billion

New Indian Express  

MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into government debt after its inclusion into a global debt index from late last month. According to the latest data released …

India’s Booming Forex Reserves: Hidden Risks and Economic Concerns
5 months, 2 weeks ago

India’s Booming Forex Reserves: Hidden Risks and Economic Concerns

The Hindu  

Published : Jul 08, 2024 11:43 IST - 6 MINS READ Figures on India’s balance of payments in financial year 2023-24, released by the Reserve Bank of India recently, have added to the hype on India’s growth story. India’s current account deficit, or the surplus of current foreign exchange expenditures and outflows over current foreign exchange earnings and receipts, fell …

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here
5 months, 3 weeks ago

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here

News 18  

India’s foreign exchange reserves increased by $816 million to $653.711 billion during the week ended June 21, according to the latest RBI data. According to the latest RBI data released on June 28, India’s gold reserves rose $988 million to $56.956 billion during the week ended June 21, while the special drawing rights fell $57 million to $18.049 billion. For …

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion
5 months, 3 weeks ago

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion

India TV News  

India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India said today. For the week ended June 21, foreign currency assets, a major component of the reserves, decreased by USD 106 million to USD 574.134 billion, the data released on Friday showed. India's forex reserves dropped by …

Rupee sees range-bound trade against U.S. dollar in morning deals
6 months ago

Rupee sees range-bound trade against U.S. dollar in morning deals

The Hindu  

The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. "Price action on Friday seemed to indicate purposeful intervention by the central bank," IFA Global said in a research note, adding that the rupee is likely to trade in 83.40-83.67 range with sideways price action. "Indian rupee …

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion
6 months ago

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion

News 18  

After hitting all-time high levels following continuous gains, India’s foreign exchange reserves fell $2.922 billion to $652.895 billion during the week ended June 14, according to the latest data from the Reserve Bank of India. This decline follows a significant increase of $4.307 billion in the previous reporting week, which pushed the reserves to a record high of $655.817 billion …

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI
6 months ago

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI

India TV News  

In its latest report, the Reserve Bank of India said that India's foreign exchange reserves witnessed a decline of USD 2.922 billion to reach USD 652.895 billion as of June 14. Specifically, foreign currency assets, a pivotal component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion during the same period, as indicated by the data released …

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data
6 months, 1 week ago

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data

News 18  

India’s forex reserves jumped $4.307 billion to a new all-time high of $655.817 billion for the week ended June 7, according to the latest RBI data. Gold Reserves and Special Drawing Rights Gold reserves increased by $481 million to $56.982 billion during the week ended June 7. Foreign Currency Assets and IMF Reserve Position For the week ended June 7, …

India's forex reserves touch fresh highs at USD 655.8 billion
6 months, 1 week ago

India's forex reserves touch fresh highs at USD 655.8 billion

Op India  

India’s foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India showed. According to the latest data released by the Reserve Bank of India, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD …

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion
6 months, 2 weeks ago

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion

News 18  

India’s forex reserves jumped $4.837 billion to a new all-time high of $651.51 billion for the week ended May 31, according to the latest RBI data. “Touching a new milestone, India’s foreign exchange reserves reached a historical high of $651.5 billion as on May 31,” RBI Governor Shaktikanta Das said in his statement while announcing the bimonthly policy review. Sanjeev …

India's forex reserves hit record high of $651.5 billion as of May 31
6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times  

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion
6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18  

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
7 months ago

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government

The Hindu  

The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh …

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