Forex reserves drop by $ 4.11 billion to USD 640.27 billion
India's forex reserves dropped by USD 4.112 billion to USD 640.279 billion during the week ended December 27, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by USD 8.
India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.
India’s foreign exchange reserves drop to eight-month low amid rupee pressure
Concerns about India's slowing growth and widened trade deficit have hurt the rupee, alongside broad-based dollar's strength amid a hawkish shift in the US Federal Reserve's policy outlook and expectations surrounding the country's President-elect Donald Trump's policies.
India's Forex Reserves Hit 8-Month Low, Fall $4.11 Billion to $640.27 Billion
India's forex reserves fell by another $4.112 billion during the week ended December 27, 2024, as the Reserve Bank of India sold $4.641 billion to help reduce volatility in the rupee.
India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this,
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