India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed.
India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday.
India's foreign exchange reserves (forex) dipped USD 4.888 billion to USD 685.729 billion in the week ending May 16, official data released by the Reserve Bank of India (RBI) showed.
As the global uncertainties show signs of moderation and geopolitical tensions along India's borders settle, the Rupee will witness stability, said Union Bank of India (UBI) report.
India's foreign exchange reserves rose USD 8.310 billion to USD 686.145 billion in the week that ended on April 18, extending gains for the seventh straight week, official data released by the Reserve Bank of India (RBI) this week showed.
According to RBI data, forex reserves have increased cumulatively by USD 20.1 billion over the past three weeks and by about USD 6.6 billion in the latest reporting week. Experts believe the declines in the last few weeks were caused by foreign investors' shaken confidence in Indian equity m
India's foreign exchange reserves rose USD 4.529 billion to USD 658.800 billion in the week that ended on March 21, extending gains for the third straight week, official data released by RBI showed.
Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
The Indian rupee has been steeply depreciating for the past few weeks. It fell to a record low of 87.29 per dollar on Monday, weighed down by concerns over trade tariffs imposed by US President Donald Trump and global market uncertainties.
India's foreign exchange reserves (Forex) continue to decline, extending their slump for the sixth consecutive week, standing at USD 625.87 billion as of January 10, according to the weekly data released by the Reserve Bank of India (RBI).