Tag: RBI forex reserves
Posted in Economy
India’s forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia’s worst-performing currencies this year
India’s foreign exchange reserves shaved off about $60 billion in the past six weeks on account of Reserve Bank of India’s aggressive intervention on the…
Posted in Economy
India’s forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBI
India’s foreign exchange reserves declined by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the Reserve Bank…
Posted in Business
India forces banks to unwind rupee bets, squeezing short sellers| Business News
India has moved to curb speculative bets against the rupee, taking one of its most forceful steps in over a decade as the cost of…
Posted in Business
India offloads US bonds, piles up gold in pivot away from dollar assets| Business News
The Reserve Bank of India’s holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US…
Posted in Business
India gold reserves top $100 billion on surging bullion prices, forex down| Business News
India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest forex reserves data, buoyed by…