[ad_1] MUMBAI: India’s foreign exchange reserves have surged to a new peak, reaching $642.49 billion as of March 15, 2024. The milestone was achieved even as the rupee closed at a new low of 83.43 against the dollar – 28 paise lower than its previous close.Bankers said there was no irony in the reserves gaining…
[ad_1] MUMBAI: India’s foreign exchange reserves declined by $5.240 billion to $617.230 billion in the week that ended on February 9, coming off a month high it hit the prior week, latest data released by the Reserve Bank of India showed.During the week that ended on February 9, India’s foreign currency assets (FCA), the biggest…
[ad_1] MUMBAI: India’s central bank said there will no trading in foreign exchange, bond and money markets on January 22, as the Maharashtra state government has declared a public holiday, while the settlement of outstanding transactions will be postponed to January 23. The state government has declared a public holiday on Monday under Section 25…
[ad_1] MUMBAI: Foreign exchange reserves jumped by $9.1 billion during the week ended December 15 to $616 billion – the highest level in 20 months.Since the beginning of the financial year, forex reserves have risen by $37.5 billion following dollar purchases by RBI. The central bank has been rebuilding the reserves. [ad_2] Source link