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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 Foreign Exchange Billion Rbi Rupee Making
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, …

Billion Low Forex
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 …

China Gold Foreign Increase Dollar Gold Reserves Exchange Reserves
RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank
1 year, 3 months ago

RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank

Live Mint  

Deutsche Bank Thursday said the Reserve Bank of India can spend up to $30 billion from the over $594 billion of forex reserves to defend the domestic currency and even though the country will be left sufficient reserves to take care of import bills for next ten months, reported PTI. The German brokerage said the Indian rupee is trading close …

Indian Prices Report Rbi Deutsche Bank
Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction
1 year, 10 months ago

Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction

India TV News  

Gold Rate Today: On the Multi Commodity Exchange, gold futures opened at Rs. Data from the central bank shows that China's gold reserves rose from 64.64 million ounces at the end of December to 65.12 million fine troy ounces at the end of January. Federal Reserve Chair Jerome Powell has stuck to his post-Federal Open Market Committee rhetoric, which has …

Market Gold Fed Rate Powell Us Dollar
The RBI might hike rate by 50 bps
2 years, 2 months ago

The RBI might hike rate by 50 bps

Live Mint  

MUMBAI : The Reserve Bank of India’s rate-setting panel is likely to raise policy rates by 50 basis points at its meeting this week, economists said, as the dollar’s strength derived from the US Federal Reserve’s aggressive rate action has complicated the Indian central bank’s efforts to ease rate hikes after raising them by 1.4% since May. View Full Image …

India Inflation Liquidity Hike Fed Rate Rbi
Forex Intervention by RBI to Touch $93 Billion by March, Says Report
3 years, 11 months ago

Forex Intervention by RBI to Touch $93 Billion by March, Says Report

News 18  

The Reserve Bank of India is likely to spend at least USD 20 billion more to support the rupee and increase the forex kitty through the reminder of the financial year, taking its overall forex intervention to USD 93 billion, according to a report. The report by the Wall Street brokerage Bank of America Securities also expects the central bank …

Bank Intervention Billion Cent Rbi Das Rupee