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India's forex reserve News

Foreign exchange

27 Sep 2024

India's Forex Reserve Touches Fresh Record High Of USD 692.3 Billion

This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.

India's forex reserve

26 Jul 2024

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.

India's forex reserve

23 Dec 2022

India's forex reserves decline USD 571 mln to USD 563.5 bln

India's forex kitty dropped USD 571 million to USD 563.499 billion for the week ended December 16. The country's foreign exchange kitty had reached an all-time high of USD 645 billion. The reserves had been declining as the central bank deployed the reserve to defend the rupee amid pressures caused majorly by global developments.

India's forex reserve

05 Nov 2022

India's Forex Reserves grow in October last week; highest since Sep 2021

India's foreign exchange reserves rose to 531 million in October last week. This marks the highest weekly gain since September 2021. Indian rupee on Friday appreciated and closed at 82.44 against the US dollar at the interbank forex market.

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