Today news
About the same in other media
India's forex reserves fall by $19.87 billion to $607.03 billion
Reading now: 975
foreign exchange reserves saw a dip of $19.87 billion, dragging the reserves to $607.03 for the week ending on July 21, Reserve Bank of India's data showed on Friday. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Typically, the RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.
Read more on economictimes.indiatimes.comAbout this in other media
Gift Nifty, weak Asian markets to fall in Apple share price - key triggers for the Indian stock market today livemint.com /1 year ago
How can corporates use the ETCD platform to hedge their forex? Gaurang Somaiya explains economictimes.indiatimes.com /1 year ago
Global energy giants line up for Phase II strategic petroleum reserves project in India livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
