Forex kitty down by USD 2.39 billion to USD 560 billion

In the week to March 3, the reserves rose by USD 1.46 billion and stood at USD 562.40 billion.

Forex kitty falls $325 million to $560.94 billion

<ul><li>The reserves have been declining as the central bank deploys the reserves to defend the rupee amid pressures due to various factors, mainly global developments.</li></ul>

India's forex reserves drop by $8.32 billion to $567 billion

This is the second consecutive week of drop in the reserves after the USD 1.49-billion decrease in the previous reporting week.

Remittances flow to India will reach $100 billion in 2022: Report

According to the World Bank, studies show that remittances help recipient households build resilience, for example, through financing better housing and coping with losses in the aftermath of disasters.

Indian rupee registered its first monthly gain in November after 11 months

The rupee has been under tremendous pressure since the start of the year due to a variety of factors, including the rise in crude oil prices, a strengthening dollar, and FPI outflows.

Forex kitty swells by $14.72 billion to $544.72 billion; steepest accretion since Aug 2021

According to the latest weekly data from the Reserve Bank, the forex kitty swelled by USD 14.72 billion to USD 544.72 billion for the week to November 11. The reserves were at USD 529.99 billion as of November 4.

US dollar sees one of the largest single-day drop in 2022

In October, the dollar index lost nearly 0.51% of its value; so far in November, it has lost nearly 3.47%. At its current price of 107.73, it was trading down almost 6.13% from its 2022 peak of over 114.77. However, the dollar index is still up by 11.60% in this current year.

Rupee rises 50 paise to 81.42 against US dollar in early trade

The rupee had strengthened on Monday and has appreciated further in offshore trading on broad US dollar weakness and positive global risk sentiment, IFA Global Research Academy said in a research note.

India, Gulf Cooperation Council are expected to begin free trade talks next month: Report

Saudi Arabia was India's fourth-largest trading partner last fiscal. From Qatar, India imports 8.5 million tonnes a year of LNG and exports products ranging from cereals to meat, fish, chemicals, and plastics.

India's forex reserves at new over 2-year low as rupee weakens; why does the rupee fluctuate against the dollar?

According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by USD 3.59 billion to USD 465.075 billion.

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Forex kitty down by USD 2.39 billion to USD 560 billion

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