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India's FX reserves drop to 8-month low amid rupee pressure
India's forex reserves decline for third consecutive month, 12th slump in past 13 weeks
India's forex reserves decline for the twelfth time in 13 weeks, falling by $4.112 billion to $640.279 billion. The Reserve Bank of India's intervention in the currency market to stabilize the Rupee has contributed to this consistent drop,
India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.
India's forex reserves extend decline, stand at 10% below peak
India's forex reserves decline, hitting multi-month low, due to RBI intervention to prevent Rupee depreciation.
India’s forex reserves continue to fall, kitty now stands 10% below peak
India’s foreign exchange reserves continue to decline, extending downhill journey for three months now. In the week that ended December 27, the country’s foreign exchange kitty declined by USD 4.112 billion to USD 640.
India rupee drops for 7th straight year as headwinds swirl near year-end
The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed.
India’s foreign exchange reserves drop to eight-month low amid rupee pressure
Concerns about India's slowing growth and widened trade deficit have hurt the rupee, alongside broad-based dollar's strength amid a hawkish shift in the US Federal Reserve's policy outlook and expectations surrounding the country's President-elect Donald Trump's policies.
India's forex reserves drop by $4.11 billion
India's forex reserves has dropped by USD 4.112 billion (Rs 3,53,14 crore). Reserves now stand at $640.279 billion during the week that ended December 27, the Reserve Bank said on Friday. In the previous reporting week,
India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this,
19h
Why is the rupee weakening against the dollar? | Explained
Factors influencing currency value, RBI intervention, and global investor trends driving exchange rate fluctuations.
3d
India rupee onshore-NDF arbitrage widens, new all-time low in sight
The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian ...
ThePrint
2d
Rupee logs 9th straight week of losses, analysts expect more weakness
The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth ...
devdiscourse
3d
Indian Rupee Faces Marginal Depreciation amid Global Economic Shifts
In CY25, the Indian Rupee is likely to see slight depreciation due to FPI flow volatility and a strong U.S. dollar. Despite ...
6d
India rupee may dip, bond yields to track US peers
MUMBAI, Dec 30 (Reuters) - The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low ...
Yahoo Finance
13d
India rupee seen under pressure, bonds to track US peers
The
rupee
hit a record low of 85.10 against the dollar on Friday and closed down 0.2% for the week, its seventh consecutive weekly decline. [INR/] Interventions by the Reserve Bank of
India
(RBI ...
1d
on MSN
Mark Mobius sees opportunity in weaker Rupee; know how can it help, which sectors can benefit
Mark Mobius, chairman of Mobius Emerging Opportunities Fund, while a depreciating rupee may deter foreign investment in India ...
2d
Rupee falls to record 85.77 vs $, forex kitty at 8-month low
The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India's ...
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