Indian Rupee Slides to Record Low of 88.53 Against Dollar on Tariff and Visa Fee Concerns
The recent have added pressure on Indian exports while global demand is still weak. The increase in H-1B visa fees...
archiveRBI intervention
Rupee at Record Low: RBI’s Next Move Under Spotlight as Currency Breaches 89 | Economy
Bankers note that the RBI appeared to step back from aggressive intervention, letting the market dictate the trajectory The Indian...
Can India strengthen the rupee after its 3% fall in a month?
The rupee experienced a significant depreciation throughout July, falling from around ₹85 on July 2 to ₹87.6 on August 7,...
India’s forex reserves rise USD 305 million to USD 654.3 billion last week
New Delhi , March 23 (ANI): India's foreign exchange reserves rose USD 305 million to USD 654.271 billion in the week that ended on March 14. The previous week witnessed the highest weekly gains in over three years. Prior to that, forex reserves had slumped for about four months, recently hitting an 11-month low. Then followed the latest rollercoaster movement, with gains some weeks and declines the next. Forex reserves started falling after touching an all-time high of USD 704.89 billion in September. They are now about 7 percent lower...
India’s forex reserves soar USD 15.3 billion, highest weekly jump in over 3 years
New Delhi , March 16 (ANI): India's foreign exchange reserves had their highest weekly gains in over three years in the week ending March 7. Reserve Bank of India data showed that in the week under consideration, foreign exchange reserves rose by USD 15.267 billion to USD 653.966 billion. Forex reserves had slumped for about four months, recently hitting an 11-month low. Then followed the latest rollercoaster movement, with gains some weeks and declines the next. Forex reserves started falling after touching an all-time high of USD 704.89 billion in...