Business Finance

RBI Utilizes $77 Billion from Forex Reserves to Stabilize Rupee Amid Depreciation

By BPN News Desk
The Reserve Bank of India (RBI) has deployed $77 billion from its foreign exchange reserves to stabilize the Indian rupee, which has witnessed a sharp depreciation in recent months. This move reflects the central bank’s efforts to manage volatility in the currency market and maintain investor confidence amid global economic challenges. “Sharp Rupee Depreciation
Finance

RBI Study Reveals Rupee Depreciation Boosts Exports

By BPN News Desk
In a significant observation on India’s trade dynamics, a recent study by the Reserve Bank of India (RBI) has revealed that a depreciating rupee provides a considerable boost to the country’s exports, whereas a strengthening rupee has a relatively smaller impact on imports. The findings underscore the asymmetric influence of currency movements on India’s trade […]

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