Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday (October 11, 2024). In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. For … Read more
For the week ended August 16, foreign currency assets, a major component of the reserves, increased by $5.107 billion to $604.144 billion. India’s gold reserves rose $129 million to $61.988 billion during the week ended September 6. India’s foreign exchange (forex) reserves jumped $5.248 billion to a new all-time high of $689.235 billion for the … Read more
On August 1, the Rupee declined five paise to settle at 83.73 against the U.S. dollar. | Photo Credit: The Hindu The Rupee turned flat at 83.73 against the U.S. currency on August 2 amid weak equity markets and an upward movement in crude oil prices overseas. According to forex traders, “the Indian currency found … Read more
Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in … Read more
Rupee hit an intra-day high of 83.47 and a low of 83.52 against the greenback. | Photo Credit: The Hindu The Rupee consolidated in a narrow range and settled higher by one paisa at 83.51 against the U.S. dollar on May 7, amid a negative trend in domestic equities and strong dollar demand. Forex traders … Read more
At the interbank foreign exchange market, the local unit opened at 83.29, registering a gain of two paise from its previous close. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on April 24, as the support from positive domestic equities was negated by … Read more
On April 15, the Rupee declined six paise to settle at 83.44 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated nine paise to 83.53 against the U.S. dollar in early trade on April 16, weighed down by a strong American currency and elevated crude oil prices. Forex traders said a negative … Read more
India’s forex reserves had reached an all-time high of $645 billion in October 2021. Gold reserves increase $425 million to $51.14 billion during the week ended March 15, special drawing rights rise $65 million to $18.276 billion India’s foreign exchange (forex) reserves increased $6.396 billion to $642.492 billion for the week ended March 15, according … Read more
India’s forex reserves had reached an all-time high of $645 billion in October 2021. Gold reserves increase $569 million to $48.417 billion during the week ended March 1; special drawing rights however fall $17 million to $18.18 billion Continuing the gaining streak, India’s forex reserves surged $6.55 billion to $625.626 billion during the week ended … Read more
India’s forex reserves had reached an all-time high of $645 billion in October 2021. Gold reserves increase $269 million to $47.481 billion during the week ended January 26, special drawing rights rise $27 million to $18.248 billion India’s forex reserves increased $591 million to $616.733 billion for the week ended January 26, according to the … Read more
