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exchange reserve news

India's forex reserves drop by $4.888 billion: RBI data

A man walks past a logo of the Reserve Bank of India (RBI) and the Indian Rupee inside the RBI headquarters in Mumbai.
business
Updated on May 25, 2025 04:02 pm IST

Strong forex gains propel RBI’s FY23 income to ₹2.35 lakh crore

The forex gains were on record currency sales of $213 billion, more than twice what the central bank sold in fiscal 2022.
business
Updated on May 31, 2023 05:04 am IST

Crossing the $500-billion mark

That the country suffered chronic balance of payments crises from Independence to the early 1990s is now a historical footnote to the latest generation of Indians, but the memory of past weakness remains strong in the government
editorials
Updated on Jun 17, 2020 09:52 am IST

Why is China’s currency falling?

A weaker yuan cushions the blow of US President Donald Trump’s escalating trade tariffs, imposed beginning last year to pressure China to change what Washington considers unfair trade practices.
business
Updated on Aug 26, 2019 06:54 pm IST

India to unleash more reforms to boost economic growth

India will implement more reforms to boost economic growth, including higher spending in farm sector and easing collateral-free loans to small businesses, President Ramnath Kovind told lawmakers
india news
Updated on Jun 20, 2019 01:02 pm IST

Centre mulls dollar deposit scheme for NRIs to curb rupee slide

So far this year, the rupee has lost 15% of its value vis-à-vis the dollar and has been among the worst performing currencies in emerging markets.
india news
Updated on Oct 17, 2018 11:01 pm IST

Forex reserves will cushion currency dive, say experts

A weak rupee toughens the RBI’s job of controlling inflation because it makes imports costlier.
india news
Updated on Aug 14, 2018 11:31 pm IST

Rupee ends at 68.93 against US dollar, recovers after RBI intervention

The RBI is suspected to have sold dollars through state-run banks at around the 69.09 rupee level, traders said. They were hopeful of larger dollar sales to prevent sharper falls in coming days.
business
Updated on Jun 28, 2018 06:31 pm IST

India’s forex reserves at a life-time high of $426.082 billion

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/Files
business
Published on Apr 20, 2018 10:10 pm IST
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