At the interbank forex market, the local unit opened at 78.92 against the greenback and witnessed an intra-day high of 78.90 and a low of 78.99
On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $47.5 billion during 2021-22 as compared with $87.3 billion...
In the previous week, the reserves had decreased by $306 million to $601.057 billion
A strong dollar overseas and higher crude prices also kept the domestic unit under pressure, forex dealers said
In the previous week, the reserves rose by $4.230 billion to $597.509 billion.
The country's foreign exchange reserves had declined by $2.676 billion to $593.279 billion in the previous reporting week ended May 13.
According to an article 'State of the Economy', published in the RBI's Bulletin for May, foreign exchange reserves at $596 billion as on May 6 were equivalent...
In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark.
This is because of an increase in current account and trade deficits, higher external debt payments and dried dollar inflows, as per a report.
Since 2019, the RBI has been accumulating forex reserves that peaked at $642.453 billion in the week ended September 3, 2021, which was more than double the...
In the week ended March 18, the forex kitty had declined by $2.597 billion to $619.678 billion. It had plunged by $9.646 billion to $622.275 billion in the...
This is for the sixth straight month that foreign institutional investors have offloaded their holdings on a net basis in the Indian equity market.
In the previous week ended March 4, the reserves rose $394 million to $631.92 billion
In the previous week ended January 28, the reserves had declined by $4.531 billion to $629.755 billion. It touched a lifetime high of $642.453 billion in the...
