India’s foreign exchange reserves (forex) jumped USD 6.992 billion to USD 692.721 billion in the week ending May 23, official data released by the Reserve Bank of India showed. Estimates suggest that India’s foreign exchange reserves sufficiently cover approximately 10-12 months of projected imports. With this weekly jump, the forex kitty is quite close to…
India’s foreign exchange reserves (forex) dipped USD 4.888 billion to USD 685.729 billion in the week ending May 16, official data released by the Reserve Bank of India (RBI) showed. Estimates suggest that India’s foreign exchange reserves sufficiently cover approximately 10-12 months of projected imports. Even with this weekly loss, the forex kitty is quite…
India’s foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed. The previous all-time high was at USD 704.89 billion in September 2024. After extending gains for the eighth straight week, forex kitty fell…