Tag: Foreign Exchange Reserves
RBI does not target any band for rupee, allows it to find its own level: Guv Malhotra
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and…
Budget 2026: Weak forex position, volatile rupee to shape strategy
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for FY27, the government’s ninth consecutive budget under the Modi administration, key macroeconomic indicators…
India’s current account gap narrows in Q2 on higher services exports, remittances
India’s current account deficit eased to $12.3 billion, or 1.3% of GDP, in the July-September quarter from $20.8 billion a year earlier, mainly due to…
India’s forex reserves decline by $4.47 billion to $688.10 billion as of November 21
India’s foreign exchange reserves declined by USD 4.47 billion to reach USD 688.10 billion for the week ending November 21, the Reserve Bank of India…
RBI does not target rupee level; depreciation driven by dollar demand, says Governor Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Thursday clarified that the central bank does not aim for any specific level of the rupee,…
India’s forex reserves fall by $2.7 billion to $687.73 billion as of November 7
India’s foreign exchange reserves fell by $2.7 billion to $687.73 billion in the week ended November 7, 2025, the Reserve Bank of India (RBI) said…
CII urges govt to establish India Development and Strategic Fund to finance growth
Industry lobby CII on Sunday urged the government to establish a professionally managed India Development and Strategic Fund to finance the country’s long-term growth, resilience,…
India’s forex reserves fall by $6.92 billion to $695.36 billion for week ending Oct 24
India’s foreign exchange reserves fell by $6.92 billion to $695.36 billion for the week ending October 24, the Reserve Bank of India (RBI) said on…
RBI’s forex strategy yields better results than IMF approach, says deputy governor Poonam Gupta
The Reserve Bank of India’s (RBI) currency management policy of building up foreign exchange reserves and intervening in the currency market to smoothen volatility may…
Global central banks cut US T-bill exposure, increase gold reserves
Mumbai: Most countries with top gold reserves have reduced their dollar assets held in US Treasury bills since 2017, the first time Donald Trump took…