Rupee Reality
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.
In the previous reporting week, the overall reserves rose by USD 4.529 billion to USD 658.8 billion, the RBI said.
India's foreign exchange reserves witnessed a spike to USD 665.396 billion during the week ended March 28, the RBI said on Friday. The forex reserve increased for the fourth consecutive week, marking the highest level in nearly five months.
Reserve Bank of India (RBI) Governor, Sanjay Malhotra on Friday said India's foreign exchange reserves rose for a second straight week and stood at USD 630.6 billion as of January 31.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
The Finance Ministry's Department of Economic Affairs (DEA), spearheaded successful initiatives to enhance India's economic resilience and global integration in 2024, according to a year-ender review released on Wednesday.
The forex had hit an all-time high of $704.885 billion at the end of September.
India's foreign exchange (Forex) reserves stood above $700 billion for the second-consecutive week, data from the Reserve Bank of India (RBI) showed on Friday.
On August 2, the forex kitty had soared to a lifetime high of $674.9 billion after which it declined by $4.8 billion to $670.1 billion for the week ended August 9.
India's foreign exchange reserves reached a historical high of $ 675 billion, as of August 2, as overall, India's external sector remains resilient with key indicators continuing to improve, RBI Governor Shaktikanta Das said on Thursday.
