Forex Reserves

Forex reserves slumped to over a two-year low, falling by 3 billion in the last week of August as the Reserve Bank of India intervened to defend the rupee after the currency hit a new record weak low against a rampant and two-decade high…
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India’s forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the Reserve Bank of India, true to its word, intervened to keep the rupee from weakening past 80 per dollar during a week when the…
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India’s forex reserves rose to the highest in three weeks in the last week of July, supported by robust capital inflows and the rupee’s weakening reversal to sharp gains from 80 per dollar to below 79. The Reserve Bank of India’s weekly…
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India’s forex reserves fell by $7.5 billion as the Reserve Bank of India is using its war chest to limit the sharp decline and ‘jerky movements’ in the rupee, as indicated by Governor Shaktikanta Das, who said, “you buy an umbrella to use…
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