TAG: forex reserves
Forex reserves rise to $674.66 billion as of Aug 16, short of record high
India's foreign exchange reserves rose by $4.5 billion and stood at $674.66 billion as of August 16, but were just shy of record highs, data from the Reserve Bank of India showed on August 23.The forex reserves had fallen by $4.8 billion in the previous w...
1 month ago
Shaktikanta Das tames volatile Rupee with $689 billion in forex reserves
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it to drift lower to aid Prime Minister Narendra Modi’s export ambitions.The Reserve Bank of India’s foreign-exchange r...
3 weeks ago