India's forex reserves rise USD 1.23 billion to USD 596.28 billion
1 year, 5 months ago

India's forex reserves rise USD 1.23 billion to USD 596.28 billion

Firstpost  

Gold reserves were up USD 228 million to USD 44.06 billion, the RBI said. India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday. In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion. For the week ended July 7, the foreign currency assets, a major component of the reserves, increased USD 989 million to USD 528.968 billion, according to the Weekly Statistical Supplement released by the RBI.

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History of this topic

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low
Trending News
2 days, 19 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
4 days, 2 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 …

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

Forex reserves fall by $3.23 billion; Rupee gains 10 paise
1 week, 4 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 falls 7 paise to 84.73 against US dollar in early trade
2 weeks 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, 1 day 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, 3 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, 4 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 …

At 78 tonnes, RBI’s Gold Purchases till Oct Second Highest After 2009
2 weeks, 4 days ago

At 78 tonnes, RBI’s Gold Purchases till Oct Second Highest After 2009

Deccan Chronicle  

CHENNAI: The Reserve Bank of India added 27 tonnes of gold to its reserves in October, taking its total gold purchases year-to-date to 78 tonnes, the highest since it bought 200 tonnes from IMF in 2009. With the October purchase, RBI’s total gold reserves touched 882 tonnes. India bought gold in the month which saw prices trading around Rs 76,000 …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
3 weeks, 1 day 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, 3 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, 4 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 rupee to lean on central bank help; bonds to track US peers
1 month 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 …

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, …

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, …

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
5 months, 4 weeks 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 …

RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991
6 months, 3 weeks ago

RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991

Hindustan Times  

The Reserve Bank of India shifted over 100 tonnes of gold from the UK to its vaults in the country for the first time since 1991. As per RBI's annual data, the central held held 822.10 tonnes worth of gold as a part of its foreign exchange reserves as of March 31, 2024. Share of gold in India's total foreign …

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
6 months, 4 weeks 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 …

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI
7 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News  

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion
8 months, 1 week ago

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion

Live Mint  

India's foreign exchange reserves increased $2.98 billion to $648.562 billion for the week ended April 5, data released by the the Reserve Bank of India showed on Friday, April 12. In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency …

India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI
8 months, 1 week ago

India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI

India TV News  

India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday. In the previous reporting week, the forex kitty had increased by USD 2.951 billion to USD 645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased …

Foreign exchange reserves reach highest in 2 yrs
8 months, 2 weeks ago

Foreign exchange reserves reach highest in 2 yrs

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. China's foreign exchange reserves reached the highest level in more than two years, standing at $3.2457 trillion as of the end of March, while gold reserves increased for the 17th consecutive month, the State Administration of Foreign Exchange said on Sunday. The …

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion
8 months, 2 weeks ago

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Live Mint  

India's foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, data released by the the Reserve Bank of India showed on Friday, April 5. The forex kitty had increased $140 million to $642.631 billion in the previous reporting week, according to RBI data. For the week ended March 29, the foreign currency assets, a …

India's foreign exchange reserves rise by USD 140 million to hit fresh peak of USD 642.63 billion
8 months, 3 weeks ago

India's foreign exchange reserves rise by USD 140 million to hit fresh peak of USD 642.63 billion

India TV News  

Business news: India's forex reserves increased by USD 140 million to touch its all-time high of USD 642.631 billion during the week ended March 22, the Reserve Bank of India said. The previous peak level was recorded in September 2021 when the country's foreign exchange reserves reached USD 642.453 billion. For the week ended March 22, the foreign currency assets, …

RBI’s Gold Reserves At All Time High At 817 Tonnes
9 months ago

RBI’s Gold Reserves At All Time High At 817 Tonnes

Deccan Chronicle  

The RBI added 4.7 tonnes of gold in February, taking its gold reserves to an all-time high of 817 tonnes. The RBI had added nearly 9 tonnes in January, which was the first monthly increase in its gold reserves since October 2023 and the largest since July 2022. The Reserve Bank of India bought 77 tonnes of gold in 2021 …

India's forex exchange reserves at over two-year high
9 months, 1 week ago

India's forex exchange reserves at over two-year high

Op India  

India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India. Before March 8 week, the foreign exchange reserves rose by USD 6.554 billion to USD 625.626 billion, data showed. During the latest week, India’s foreign currency assets, …

India's forex reserves see ₹54k crore boost; jump to $625 billion in March
9 months, 2 weeks ago

India's forex reserves see ₹54k crore boost; jump to $625 billion in March

Hindustan Times  

India witnessed a boost of over ₹54,000 crore in forex reserves for the week ending on March 1, announced the Reserve Bank of India on Friday. India sees major boost in forex reserves This marks a significant bump from last week's forex reserve boost, showed RBI's data. For the week ended March 1, the foreign currency assets, a major component …

India’s forex reserves snap two-week rising streak, drop to $617 billion
10 months, 1 week ago

India’s forex reserves snap two-week rising streak, drop to $617 billion

Live Mint  

India's foreign exchange reserves snapped a two-week gaining streak and stood at $617.23 billion as of February 9, coming off a one-month high, data from the Reserve Bank of India showed on Friday. Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund. In the week that the foreign exchange data pertains, the rupee fell 0.1 …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
10 months, 2 weeks ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

China's forex reserves expected to increase in 2024
11 months, 2 weeks ago

China's forex reserves expected to increase in 2024

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. China's foreign exchange reserves will likely see a moderate increase this year amid improving export growth and recovering capital inflows after hitting a two-year high in December, experts said on Monday. Their comments …

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