India’s overseas alternate reserves jumped $4.307 billion to the touch a brand new lifetime excessive of $655.817 billion throughout the week that ended June 7, official information from the Reserve Financial institution of India (RBI) confirmed. The reserves have been rising on and off for a very long time now. Up to now in 2024, … Read more
India’s foreign exchange reserves jumped $4.549 billion to a brand new all-time excessive of $648.7 billion for the week ended Might 17, in keeping with knowledge launched by the Reserve Financial institution of India. “Regardless of constructing reserves, RBI has curbed the Rupee’s fall, indicating its discomfort with a weaker forex amidst the inflationary strain. Thus … Read more
2023 was a peaceful and secure yr for the Indian rupee. The home foreign money was caught in a slender vary of 80.88 to 83.45 all by means of the yr. Rate of interest hikes within the US, sturdy rise in US Treasury yields, geopolitical tensions, banking disaster — all these had been alleged to … Read more
India’s international trade reserves elevated by $4.471 billion to $620.441 billion within the week ending December 22, 2023, hitting a 21-month excessive, the most recent knowledge launched by the Reserve Financial institution of India confirmed. Within the calendar yr 2023, the RBI added about $58 billion to its international trade kitty. Final week, India’s international … Read more