India’s forex reserves rise to an all-time high of $649 billion

[ad_1] India’s foreign exchange (fx) reserves rose $2.98 billion in the first week of the new financial year to an all-time high of $648.562 billion as on April 5, 2024.Also read: G-Sec yields spike, rupee weakens on higher-than-expected US inflation...

India building up gold reserves, says Das

[ad_1] Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment.Also read:RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far “We are building...

RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far

[ad_1] India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day.By shoring up the reserves, the central bank is trying...

India’s forex reserves rise by $140 million to hit fresh peak of $642.63 billion

[ad_1] India's forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank said.Also read:With RBI mopping up dollars, forex reserves at a new high of $642.49 billion...

India’s forex reserves touch 2-year high, set to cross record levels

[ad_1] India’s foreign exchange reserves are on their way to crossing their record-high levels, after increasing for the third straight time in the week ended March 8. Reserves rose $10.47 billion during the week, recording the highest weekly increase since July...