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India’s forex reserves jumped by $2.975 billion to $619.072 billion for the week ended February 23, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $1.132 billion to $616.097 billion. For the week ending February 23, the foreign currency assets, a major component of the reserves, increased…
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A man at a foreign exchange counts Indian currency as a customer, unseen, exchanges U.S. dollars in New Delhi. File photo | Photo Credit: AP The rupee declined marginally to 83.01 against the US dollar in early trade on Tuesday, February 13,2024, amid a muted trend in domestic equities. A stronger American currency and elevated…
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The rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday, February 7, 2024, supported by positive domestic equities. Moreover, the weakness of the American currency in the overseas market also aided sentiments. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar, registering a gain of…
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The Rupee depreciated eight paise to settle at 83.06 (provisional) against the U.S. dollar on February 5, as strengthening American currency overseas and negative sentiment in the domestic equity markets weighed on the local unit. “However, the downward trend in the global crude oil prices supported the domestic unit and restricted its decline,” forex traders…
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The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday, September 26, 2023 amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices ¬ hovering…
In the previous reporting week, the overall reserves had risen by $708 million to $602.161 billion. | Photo Credit: REUTERS India’s forex reserves dropped by $7.273 billion to $594.888 billion for the week ended August 18, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by $708 million…
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