Rupee woes to deepen as India braces for external headwinds
6 years, 4 months ago

Rupee woes to deepen as India braces for external headwinds

Hindustan Times  

India’s rupee owes its tag of Asia’s worst-performing currency this year to the selloff sweeping emerging markets. While foreign currency debt has zoomed, various external vulnerability indicators paint a rather mixed picture, according to the Reserve Bank of India’s annual report. Indeed, data due as early as next week will probably show the nation’s current-account deficit widened in the June quarter to 2.6% of gross domestic product, the highest in 4 1/2 years. Analysts at Nomura Holdings Inc. said India’s foreign exchange reserves at $401 billion are enough to cover eight months of imports.

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History of this topic

As rupee slides, a primer on how to manage an emerging market currency
1 day, 5 hours ago

As rupee slides, a primer on how to manage an emerging market currency

Live Mint  

The past two years have been hard on emerging market currencies. The year 2024 should have been better—given easing inflation and lower interest rates—but Donald Trump’s election as the next US president has renewed uncertainty and plunged EM currencies into chaos again. Fiscal matters If a trade deficit is India’s problem, turn to Brazil: even a whopping $87 billion trade …

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January
Trending News
2 days, 3 hours ago

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January

Live Mint  

Indian Stock Market: Foreign portfolio investors are reluctant to pause their selling streak in Indian markets, even after withdrawing substantial funds in the previous calendar year. Other factors weighing on investor sentiment include rising crude oil prices, subdued expectations for Indian Inc.'s Q3 performance, a slowdown in the Indian economy, uncertainties surrounding Donald Trump's economic policies, and the ongoing tensions …

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar
4 days, 19 hours ago

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar

Live Mint  

India's foreign exchange reserves plunged for the fifth consecutive week to hit a 10-month low of $634.59 billion as of January 3. Data from the Reserve Bank of India showed on Friday that the forex kitty declined by $5.7 billion in the reported week after falling by a cumulative $17.8 billion in the previous three weeks. Forex reserves have been …

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade
Trending News
5 days, 5 hours ago

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade

The Hindu  

The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found some support tracking positive cues from domestic equity markets, forex traders said. At the same time, they said, …

Rupee to face pressure as upbeat US data reignites dollar uptrend
1 week ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Why is the rupee weakening against the dollar? | Explained
1 week, 3 days ago

Why is the rupee weakening against the dollar? | Explained

The Hindu  

The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low of 85.81. The price of any currency in the foreign exchange market is determined by the demand for the currency vis-a-vis its supply. One of the most important determinants of the supply of a currency …

India's forex reserves drop by $ 4.112 billion to $640.279 billion in December, says RBI
1 week, 5 days ago

India's forex reserves drop by $ 4.112 billion to $640.279 billion in December, says RBI

India TV News  

On Friday, the Reserve Bank of India said the country’s forex reserves dropped by USD 4.112 billion to USD 640.279 billion in the week that ended on December 27. Last week, the country's forex reserves dropped by a further USD 8.478 billion to USD 644.391 billion for the week ended December 20, the RBI said on Friday. For the week …

Rupee expected to weaken more in coming months
1 week, 5 days ago

Rupee expected to weaken more in coming months

Live Mint  

Mumbai: The rupee is expected to further weaken in the coming months as Trump’s presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's interventions in the currency market are likely to ease. “There is a pending depreciation pressure visible on the rupee and that is seen in the REER overvaluation of around 8%," …

Rupee dents FPI dollar returns in 2024
Trending News
1 week, 6 days ago

Rupee dents FPI dollar returns in 2024

Live Mint  

The continuing slide of the rupee against the dollar has significantly hit the dollar returns of foreign portfolio investors in India. “Global investor returns are indexed to the dollar and, thus, the fall in rupee last year has impinged on their dollar returns,” said Ashish Gupta, chief investment officer at Axis Mutual Fund. Experts said the impact of the weaker …

Currency concerns: on the rupee
2 weeks, 1 day ago

Currency concerns: on the rupee

The Hindu  

It has been a tumultuous time for the Indian rupee even as the Reserve Bank of India has been actively stepping into the foreign exchange market to stem its free fall in pursuit of what it calls an ‘orderly’ exchange movement. The Donald Trump factor added a fresh headwind with the dollar strengthening since his U.S. presidential electoral victory, and …

India bond yields flat in thin activity before year-end
2 weeks, 2 days ago

India bond yields flat in thin activity before year-end

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 30 - Indian government bond yields were little changed on Monday, even as U.S. Treasury yields remained elevated, with market participants seeking a firm direction towards the end of the year. The daily average trading volume has dropped to around 381 billion rupees over the last two weeks from 719 billion rupees in the prior …

Indian rupee hits record lifetime intra-day low on Friday
2 weeks, 4 days ago

Indian rupee hits record lifetime intra-day low on Friday

Deccan Chronicle  

New Delhi: For a consecutive ninth day in a row, the Indian rupee on Friday hit a record lifetime intra-day low of 85.80 before a possibly central bank’s intervention that helped recover some of its losses and settled 23 paise lower at a record low of 85.50 against the US dollar, weighing down a strong month-end demand for dollar. “Rupee …

India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility
2 weeks, 4 days ago

India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility

Live Mint  

Mumbai, Dec 27 The country's forex reserves dropped by a further USD 8.478 billion to USD 644.391 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by USD 1.988 billion to a six-month low of USD 652.869 billion. For the week ended December 20, foreign currency assets, a …

India's forex reserves drop by USD 8.478 billion to USD 644.391 billion
2 weeks, 5 days ago

India's forex reserves drop by USD 8.478 billion to USD 644.391 billion

India TV News  

The country's forex reserves dropped by a further USD 8.478 billion to USD 644.391 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by USD 1.988 billion to a six-month low of USD 652.869 billion. For the week ended December 20, foreign currency assets, a major component of …

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

The bad and good of rupee weakening against dollar
3 weeks, 1 day ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
3 weeks, 2 days ago

Rupee slips to all-time low pressured by weak yuan, importer dollar bids

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline. The rupee declined to 85.12 against the U.S. dollar, hitting an all-time for the fifth consecutive trading session …

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low
Trending News
3 weeks, 4 days 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
3 weeks, 5 days 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 …

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

Rupee hits record low, RBI intervention counters bearish tilt
1 month 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
1 month 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
1 month, 1 week 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 …

Rupee hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts
1 month, 1 week ago

Rupee hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts

Live Mint  

The declining value of the rupee against the US dollar presents a mixed impact on various industries. As a result, the recent depreciation of the INR against the USD should offer these companies a competitive advantage and potentially higher margins, since a large share of their contracts are fulfilled through offshoring, explained Rakesh Vyas, Co-Chief Investment Officer and Portfolio Manager,Quest …

Rupee's slide: What it means for economy, markets, and you
1 month, 1 week ago

Rupee's slide: What it means for economy, markets, and you

India Today  

The rupee’s recent tumble to a record low of 84.73 against the US dollar has raised concerns about its impact on the economy and people’s daily lives. Although the rupee has recovered slightly today due to gains in the Chinese yuan, the recent drop reflects a confluence of global and domestic factors, creating ripple effects that extend beyond currency markets. …

Rupee remains one of the best-performing Asian currencies: MoS Finance
1 month, 1 week ago

Rupee remains one of the best-performing Asian currencies: MoS Finance

Deccan Chronicle  

New Delhi: The rupee remains one of the best-performing Asian currencies despite geopolitical tensions in the Middle East and other headwinds, indicating India's sound economic fundamentals, Minister of State for Finance Pankaj Chaudhary said on Monday. During the current calendar year 2024, he said, the rupee depreciated by 1.4 per cent till November 19, 2024 against the US dollar. Despite …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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 rupee to gauge portfolio flows, bond yields to eye US peers
1 month, 3 weeks ago

India rupee to gauge portfolio flows, bond yields to eye US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 25 - The Indian rupee will track portfolio flows this week as a global equity index rejig comes into effect, amid foreign portfolio outflows from local stocks and bonds, while government bond yields will track U.S. Treasuries. U.S. personal consumption expenditure data, due Wednesday, will also be in focus this week to …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
1 month, 3 weeks 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 …

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff
1 month, 3 weeks ago

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff

Live Mint  

The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors, and escalating geopolitical tensions continued to weigh heavily on the local currency. The dollar’s strength has been fueled by expectations that President-elect Donald Trump’s policies could reignite inflation and reduce …

India rupee to lean on central bank help; bonds to track US peers
1 month, 4 weeks 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, 4 weeks 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 …

Rupee falls to all-time low against US dollar
2 months ago

Rupee falls to all-time low against US dollar

Deccan Chronicle  

Mumbai: The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strength of the American currency in the overseas market dented investors' sentiments. Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank …

INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?
2 months ago

INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?

Live Mint  

The Indian rupee hit a record low on Monday against the US dollar, reflecting broader weakness among Asian currencies under pressure following Donald Trump’s victory in the U.S. elections. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.05% at 105.05, near the four-month peak achieved last week following Trump’s win. …

Rupee falls to all-time low of 84.38 against US dollar
2 months ago

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

Deccan Chronicle  

The rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows.At …

Rupee may depreciate 8-10 per cent during Trump 2.0, says SBI report
2 months ago

Rupee may depreciate 8-10 per cent during Trump 2.0, says SBI report

New Indian Express  

NEW DELHI: The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation …

Only a weaker dollar will bring foreign investors back to India: Ruchir Sharma
2 months ago

Only a weaker dollar will bring foreign investors back to India: Ruchir Sharma

India Today  

Renowned investor and author Ruchir Sharma believes foreign investment will only return to India once the US dollar weakens. "The one variable that every investor in India should look at as to when foreign flows will start coming back into India is when the dollar turns," he said. Sharma also pointed out that unless there is a significant change in …

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?
2 months, 1 week ago

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?

India Today  

The Indian rupee is down, but so are other major currencies against the US dollar. Despite its downward trajectory, however, the rupee is still well-placed against major currencies such as the Brazilian real, the Russian ruble, the Japanese yen, and the Canadian dollar. The Indian rupee has slid by 1.1 per cent against the dollar since January 1. In contrast, …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
2 months, 1 week 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, …

Central Banks' Reserves Offer Shield as Dollar's Strength Contributes to Asian Pressure
2 months, 2 weeks ago

Central Banks' Reserves Offer Shield as Dollar's Strength Contributes to Asian Pressure

Live Mint  

A $6.4 trillion FX reserve pile in Asia is providing central banks with ammunition to fight the dollar's strength stemming from the US presidential election. The reserve pile gives Asian economies a buffer against capital outflows and constraints to their monetary policy room. However, strategists expect losses in Asian currencies if Trump returns to power and reignites a trade war.

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone
3 months, 1 week 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.

Rupee rises 10 paise to 83.53 against U.S. dollar in early trade
3 months, 3 weeks ago

Rupee rises 10 paise to 83.53 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 10 paise to 83.53 against the U.S. dollar in early trade on Wednesday, on the overall dollar weakness in the overseas market. Forex traders said the U.S. dollar has weakened against majors post the weak consumer confidence print. "The Indian rupee which depreciated on Tuesday opened stronger on the overall dollar weakness against Asian currencies and European …

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
3 months, 4 weeks 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
4 months 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 …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
4 months, 2 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

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