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India's forex reserves fall to $634.59 bn, down by $5.6 bn as of January 3
India's foreign exchange reserves decreased to $634.59 billion as of the week ending January 3, 2025. The main reason for this drop was a decrease in Foreign Currency Assets by $6.4 billion to $545.47 billion.
India's forex kitty drops $5.69 billion to $634.58 billion
The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatility in the rupee.
India’s Forex Reserves Dips By $5.7 Billion Amid RBI Interventions
India's forex reserves fell by $5.693 billion to $634.585 billion, reflecting a declining trend due to revaluation and RBI interventions to curb rupee volatility. While foreign currency assets dropped by $6.
India's forex kitty drops USD 5.69 bln to USD 634.58 bln
India's forex reserves dropped by USD 5.693 billion to USD 634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had declined by USD 4.
1h
on MSN
India's FX reserves slump to 10-month low as rupee pressure mounts
India's foreign exchange reserves fell for the fifth consecutive week to a 10-month low of $634.59 billion as of Jan. 3, data ...
5h
Fund Managers See RBI Boosting Liquidity Before India Rate Cuts
India’s central bank may take measures to inject cash in the banking system before it begins to cut interest rates this ...
cnbctv18
1h
Top govt search panel to hold Interviews for RBI Deputy Governor next week: Sources
Cabinet Secretary T V Somanathan heads the panel and will comprise the RBI Governor Sanjay Malhotra, the DFS Secretary M ...
2h
India’s inflation likely eased to 5.3% in December: Mint poll
Economists expect inflation to continue easing in the coming months, increasing the likelihood of a rate cut in the policy ...
1d
India's new central bank chief seeks to improve forecasts, sources say
India's new central bank governor Sanjay Malhotra has initiated a review of the Reserve Bank of India's inflation and growth ...
4d
RBI Should Allow More Rupee Volatility, Ex-Central Banker Says
A former Reserve Bank of India official said the authority should ease its tight grip on the rupee, a view that comes amid ...
inc42
9h
KredX Ges RBI Nod To Launch TReDS Platform
Supply chain financing platform KredX has received RBI's final approval to launch a trade receivables discounting system ...
1d
India's central bank begins unwinding curbs on NBFCs
The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) after they improved their ...
1d
Kredx supply chain finance platform received final approval from rbi reserve bank of india to launch treds platform
Supply chain finance platform KredX on Thursday said it has received the Reserve Bank of India's (RBI's) final approval to ...
ThePrint
9h
RBI likely to follow the path of shallow rate cut in Feb MPC meeting: Report
The Reserve Bank of India (RBI) may opt for shallow rate cuts in its upcoming Monetary Policy Committee (MPC) meeting in ...
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