India’s Forex Reserves Surge To Lifetime High Of $670.86 Bn
A strong Forex kitty enables the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall.
Jul 26, 2024, 19:02 PM IST
India's forex reserves decline USD 571 mln to USD 563.5 bln
In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 645 billion.
Dec 23, 2022, 20:37 PM IST
India's Forex Reserves jump up in October last week; the highest weekly gain since September 2021
The strengthening in the rupee was due to a rally in the Chinese yuan due to hopes of relief in US-China tensions. The stock markets gained on Friday after being volatile in the afternoon. The markets had snapped the 2-day losing streak on Friday.
Nov 05, 2022, 14:27 PM IST
