Tag: reserve bank of india
RBI sold a net $35 billion in November and December to curb forex volatility
Kolkata: The Reserve Bank of India sold foreign currencies worth $35.4 billion on net basis in November and December to prevent excess volatility in r [...]
India’s forex reserves rise for 2nd consecutive week, gold reserves up
The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The [...]
RBI MPC meeting: Forex policy has remained consistent, does not target any exchange rate, says Governor Sanjay Malhotra
Reserve Bank of India Governor Sanjay Malhotra on Friday said the bank's forex policy has remained consistent, in favour of orderly and stable market [...]
rupee: Rupee drops to record low on RBI rate cut bets, stop losses
The Indian rupee weakened to a record low on Wednesday as a sharp decline in the afternoon triggered stop losses amid a prevailing bearish bias on the [...]
India’s forex reserves up by 5.5 billion at 629.55 billion as of January 24, 2025
India's foreign exchange reserves were up by $5.5 billion to settle at $629.55 billion as of the week ending January 24, 2025, Reserve Bank of India d [...]
Slump in India’s forex reserves continues, hits 10-month low at USD 625.87 bn
Mumbai (Maharashtra) [India], January 19 (ANI): India's foreign exchange reserves (Forex) continue to decline, extending their slump for the sixth con [...]
Rupee rebounds to post best day in over 7 months; US inflation data in focus
The Indian rupee rebounded on Wednesday, after falling to a lifetime low in the prior session, to log its best day in over seven months, aided by a so [...]
India’s forex kitty drops $5.69 billion to $634.58 billion
Photo used for representation purpose only.
| Photo Credit: Getty Images/iStockphoto
[...]
Rupee logs best single-day gain since late Nov to close at 85.71 against US dollar
The Indian rupee logged its biggest single day gain since late November, to close at 85.71 per US dollar on Tuesday, up 12 paisa from its previous clo [...]
RBI Should Rethink Forex Strategy: Economists
Economists said that the Reserve Bank of India (RBI) should come up with a revamped foreign exchange strategy in 2025, while also suggesting loosening [...]
India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low
India's foreign exchange (forex) reserves are sufficient to meet over 11 months of import needs and nearly 96 per cent of external outstanding debt re [...]
India’s forex reserves fall to $652.87 billion, down $1.98 billion as of Dec 13
India's foreign exchange reserves dipped by $1.98 billion to $652.87 billion as of December 13, according to data shared by the Reserve Bank of India [...]
Gold holds up incremental value of forex reserves
The Reserve Bank of India’s gold purchases has helped the central bank to hold up foreign exchange reserves amidst a huge pullout by foreign portfolio [...]
Rupee: Rupee falls 2 paise to all-time low of 84.40 against US dollar in early trade
The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strengt [...]
India’s forex kitty falls $2.6 billion to $682 billion as of November 1
Mumbai: Reserve Bank Of India's (RBI) foreign exchange reserves fell by $2.6 billion to $682.1 billion for the week ended November 1, latest central b [...]