Rupee slips to record low as amid uncertainty over global economy, India-US trade deal – Firstpost
The Indian rupee plunged to a fresh lifetime low on Friday amid heavy foreign outflows, uncertainty over the proposed United...
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India’s Forex Reserves Decline by $5.6 Billion to $689.7 Billion in Week Ended Oct 31
India's foreign exchange reserves declined by USD 5.623 billion in the week that ended October 31 to USD 689.733 billion,...
RBI sold nearly $400 billion of foreign currency in FY25, sharply higher than previous fiscal
The Reserve Bank of India sold a record $398.71 billion of foreign currency in 2024-25 on a gross basis as the Indian central bank stepped up its defence of the rupee amid a volatile global environment. The RBI’s sale of foreign currency in the spot market in the last financial year was sharply higher than the $153.03 billion it had sold in 2023-24 and the previous record of $212.57 billion in 2022-23, data released late Wednesday by the central bank showed. To be sure, the RBI also bought foreign currency...
India’s Forex Reserves Surge by $10.9 Billion Amid Global Currency Turmoil
Foreign currency assets (FCA), which make up the largest share of the reserves, stood at 574.09 billion. (image source: Canva) India’s foreign exchange reserves surged to a record $676.3 billion as of April 4, reflecting a robust weekly increase of $10.9 billion, according to data released by the Reserve Bank of India (RBI). The spike came during a week marked by the US dollar's decline across global currency markets, following heightened trade tensions spurred by President Donald Trump's tariff offensive. Compared to end-March 2025, forex reserves have climbed by $7.9...