archiveforex reserve

The RBI is known for intervening in the forex market to manage the liquidity of the Rupee. The central bank’s intervention typically includes selling dollars to prevent a sharp depreciation of the Rupee and buying dollars when the Rupee is strong. India’s foreign exchange reserves rose by a substantial USD 6.6 billion in the week ending on March 28, reaching USD 665.396 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks the fourth consecutive week of gains, following a period of decline. The...

According to RBI data, forex reserves have increased cumulatively by $20.1 billion over the past three weeks and by about $6.6 billion in the latest reporting week In a significant development, India's foreign exchange reserves rose from $6.596 billion to $665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.This significant jump is the highest in nearly five months, after witnessing a period of downturn.According to RBI data, forex reserves have increased cumulatively by $20.1 billion over...

There is no change in the forex policy of the central bank despite several quarters believing that under the new governor Sanjay Malhotra, RBI would not aggressively defend the rupee, said the official, citing discussions between the government and the RBI on the currency slide. The Indian rupee has weakened about 3.5% against the dollar in the past six months to 86.88 on 7 March, as per data from Bloomberg. By comparison, the Chinese Yuan and the Japanese Yen weakened 1.7% and 0.7%, respectively, during the period. “The government does...