India's foreign exchange (forex) reserves started to rise again after having slumped for an eighth consecutive week, in the process hitting a multi-month low.
India's foreign exchange (forex) reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed.
India's foreign exchange (forex) reserves dropped for a seventh consecutive week to hit an over four-month low of USD 657.892 billion in the week that ended on November 15, data from the Reserve Bank of India (RBI) showed.
India's foreign exchange (forex) reserves dropped for a sixth consecutive week to hit a near three-month low of USD 675.65 billion as of November 8, data from the Reserve Bank of India (RBI) showed on Friday, November 15.
With its growing economic strength, India has achieved the significant feat of joining the ranks of the world's largest foreign exchange reserves, securing the 4th position globally after China, Japan, and Switzerland.
The Reserve Bank of India (RBI) in its latest report stated that the country's foreign exchange reserves cover of imports (on balance of payments basis) stood at 11.2 months
India's foreign exchange reserves dipped USD 3.7 billion to USD 701.18 billion as of October 4 after scaling all-time high, according to data released by Reserve Bank of India on Friday
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.