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Forex reserves plunge below $400 billion mark

Forex reserves plunge below $400 billion mark

MUMBAI: The country’s forex reserves declined by $819.5 million to $399.282 billion for the week to September 7 — slipping below the $400-billion mark for the first time in over a year, Reserve Bank data showed Friday. This is the second consecutive week of major fall in the reserves which indicates that the central bank has […]

India’s forex reserves fall to over 7-month low at $402.7 billion

India’s forex reserves fall to over 7-month low at $402.7 billion

By: ENS Economic Bureau  NEW DELHI: India’s foreign exchange reserves fell to over 7-month low of $402.7 billion in the week ended August 3. Total forex reserves dipped $1.49 billion from $404.19 billion in the week ended July 27, 2018, Reserve Bank of India (RBI) data showed. India’s forex reserves have been falling steadily over the past […]