India’s Forex Reserves Rise by $1.51 Billion to $658.091 Billion

By BPN News Desk December 7, 2024

National

India’s foreign exchange (forex) reserves recorded a rise of $1.51 billion for the week ending November 29, reaching $658.091 billion, according to data released by the Reserve Bank of India (RBI) on Friday. This marks a recovery after consecutive weeks of decline, including a significant

Economy National

RBI’s Gold Buying Bolsters India’s Forex Reserves

By BPN News Desk November 26, 2024

The Reserve Bank of India (RBI) has been ramping up its gold purchases, significantly boosting the country’s foreign exchange reserves. This strategic move reflects India’s efforts to enhance economic stability amid global uncertainties. Enhancing Reserve Security with Gold Amid fluctuating global market conditions, gold remains a safe-haven asset, offering stability

Finance

India’s Forex Reserves Drop by $10.7 Billion, Hit $690.43 Billion

By Editor - News Desk October 18, 2024

India’s foreign exchange (forex) reserves saw a sharp decline for the second consecutive week, dropping by USD 10.746 billion to reach USD 690.43 billion for the week ending October 11, according to data released by the Reserve Bank of India (RBI) on Friday. This marks one of the largest decreases in recent times, following a […]

Uncategorized

India’s Forex Reserves Surge to Record $704.88 Billion

By Editor - News Desk October 6, 2024

India’s foreign exchange reserves surged by a massive $12.59 billion to hit an all-time high of $704.88 billion for the week ending September 27, according to data released by the Reserve Bank of India (RBI) on Friday. This substantial jump marks one of the highest weekly rises in the country’s reserves and is the first […]