Forex Update

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

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India’s foreign currency assets — a major component of the reserves — decreased by $1.51 billion to $567.499 billion. Gold reserves fall $482 million to $56.713 billion during the week ended May 24, special drawing rights were down by $33 million to $18.135 billion After rising for three consecutive weeks, India’s forex reserves fell $2.027 … Read more

Forex Update: India’s Foreign Exchange Reserves Hit Fresh All-Time High of $645.58 Billion

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This is the sixth consecutive week of a jump in overall forex reserves in India. Gold reserves rise $673 million to $52.16 billion during the week ended March 29; special drawing rights increase $73 million to $18.145 billion India’s foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, according … Read more