MUMBAI: India’s foreign exchange reserves declined for the first time in eight weeks, falling by $3.7 billion to $701.2 billion in the week ended Oct 4, according to RBI data. Despite the decline, reserves remained above the $700 billion level.The fall comes after reserves reached a record high of $704.9 billion in the week ending…
MUMBAI: India’s foreign exchange reserves crossed the $700 billion mark for the first time, following a $12.6-billion surge during the week-ended Sept 27, making it the fourth country after China, Japan, and Switzerland to reach the milestone. The weekly surge was the fifth-highest ever. Forex reserves were estimated at $704.8 billion, according to data released…
Public holiday on September 18, 2024: The Reserve Bank of India (RBI) has announced that there will be no trading activities in various financial markets, including government securities, foreign exchange, money markets, and rupee interest rate derivatives, on September 18, 2024. This decision comes after the government of Maharashtra declared the day as a public…
