Forex reserves fall $2.06 billion after eight consecutive weeks of...

Forex reserves fall $2.06 billion after eight consecutive weeks of gains

Posted

106

India's foreign exchange reserves experienced a decrease of $2.06 billion, bringing the total down to $686.06 billion, ending an eight-week streak of gains. This decline was primarily driven by a drop in gold reserves, offsetting a slight increase in foreign currency assets. The RBI's interventions in the forex market to manage Rupee volatility likely contributed to this fluctuation.

Read Full Article

Please log in to like, share and comment!

International

Who is Thomas J Price? Creator of the controversial statue in Times Square

A 12-foot bronze statue of a Black woman, 'Grounded in the Stars,' has sparked debate in Times...

By 0 1

Sports

Life after Virat, Rohit: Stern test awaits selectors, Gambhir and BCCI

With Rohit Sharma's retirement and Virat Kohli's expected departure, India faces a Test squad...

By 0 2

National

Donald Trump says Pakistan and India have agreed to ‘full and immediate ceasefire’

WASHINGTON DC: Pakistan’s Deputy Prime Minister has announced that India and Pakistan have...

By 0 4

National

Maoist Centre committed to uplifting the poor: Prachanda

KATHMANDU: Maoist Centre Chairperson and former Prime Minister Pushpa Kamal Dahal...

By 0 9

Entertainment

Dua Lipa and Sir Elton John seek protection from AI models

Dua Lipa, Sir Elton John, and other UK artists are urging the prime minister to protect their...

By 0 11