Category Portal
    • Home
    • World News
    • Hollywood
    • Cryptocurrency
    • Business
    • Economy
    • Finance
    • Sports
    • Digital Marketing
    • DMCA Policy
    • Contact Us
    Category Portal
    Home»Business»India’s Forex Reserves Fall to Near 2-Year Low to $545.65 Billion: RBI Data
    Business

    India’s Forex Reserves Fall to Near 2-Year Low to $545.65 Billion: RBI Data

    By adminSeptember 23, 2022Updated:September 23, 2022No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    us dollars
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

    Last Updated: September 23, 2022, 19:08 IST

    Reserves stood at $550.871 billion on the finish of the earlier week. (Photo: Reuters)

    India’s overseas alternate reserves fall for a seventh straight week, dropping to $545.652 billion within the week to September 16, its lowest degree since October 2, 2020

    India’s overseas alternate reserves fell for a seventh straight week, dropping to $545.652 billion within the week to Sept 16, its lowest degree since Oct. 2, 2020, Reserve Bank of India’s weekly statistical complement confirmed on Friday.

    Reserves stood at $550.871 billion on the finish of the earlier week.

    Though the autumn in reserves is partly due to valuation modifications, analysts imagine a big a part of the autumn has been on account of the Reserve Bank of India’s intervention within the forex market to forestall the rupee from depreciating extra sharply towards greenback.

    The rupee steadied by the shut of buying and selling on Friday after a turbulent week, tumbling previous 81 per greenback to contact a document low earlier within the session, prompting RBI to intervene.

    Read all of the Latest Business News and Breaking News right here

    Original Content

    foreign exchange Forex reserve
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleGold Lowest Since April 2020, A Rebound Is Expected In Coming Months
    Next Article Himachal Pradesh Govt Approves Early Childhood Care Scheme Under NEP 2022

    Related Posts

    Memphis’s SkyCop cameras couldn’t prevent Tyre Nichols’s beating death

    February 3, 2023

    Penn’s sports betting business posts head-turning fourth quarter profit

    February 3, 2023

    Budget 2023: TDS on EPF Withdrawals For Non-PAN Cases Slashed To 20%

    February 3, 2023

    Leave A Reply Cancel Reply

    Advertisement
    Categories
    • Android
    • Apps
    • Bollywood
    • Business
    • Cryptocurrency
    • Digital Marketing
    • Economy
    • Entertainment
    • Finance
    • Gaming
    • Health
    • Hollywood
    • Life Style
    • Movies
    • Posts
    • Science & Environment
    • South News
    • Sports
    • Tech & Gadgets
    • Top Stories
    • US Movies
    • Web Series
    • World News
    Recent Comments
    • rama on They Thought the Skulls Were Murder Victims. They Were Off by Centuries.
    • rama on They Thought the Skulls Were Murder Victims. They Were Off by Centuries.
    • ind on Samsung will bring Camera Assistant app to more Galaxy smartphones – Times of India
    • Kitchenhutt Spices - indian red chili powder on Review | Galito’s in Gaithersburg may have you wondering, ‘Nando’s who?’
    • Patrick Roach on “Long COVID” federal response ramps up, with an NIH trial of potential treatments starting this fall
    Advertisement
    Latest Posts

    The best players moved at the trade deadline in NBA history

    February 3, 2023

    Startup founders applaud Union Budget 2023 – Times of India

    February 3, 2023

    Patna Protestor Ends Up Watching Pathaan, Says ‘Jai Hind Sunke Goosebumps’

    February 3, 2023

    When Jennifer Aniston Ditched Her Br* To Look Like A Sultry Ray Of Sunshine In A Yellow Shirt Dress, Offering A Lil Peek-A-B**b Situation!

    February 3, 2023

    NatWest boss U-turns on refusal to attend parliamentary hearing

    February 3, 2023
    Advertisement
    • Home
    • About Us
    • Disclaimer
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • DMCA Policy
    © 2023 Category Portal | All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.