India  

India's foreign exchange reserves hit 10 month low at $625 billion

IndiaTimes Sunday, 19 January 2025
India's forex reserves have fallen for six consecutive weeks, hitting a 10-month low of $625.87 billion due to the RBI's intervention to stabilize the rupee. Despite this, reserves are still sufficient to cover over 11 months of imports, with the RBI actively ensuring market stability.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

India's foreign exchange reserves drop by $8.714 billion

India's foreign exchange reserves have seen a significant decline of USD 8.714 billion, dropping to USD 625.871 billion for the week ended January 10. The...
IndiaTimes Also reported by •Zee News

Rupee falls to record 85.77 vs $, forex kitty at 8-month low

The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India's foreign exchange reserves dipped to an...
IndiaTimes