India's FX reserves drop to 8-month low amid rupee pressure

India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.
India's forex reserves decline for third consecutive month, 12th slump in past 13 weeks
India's forex reserves decline for the twelfth time in 13 weeks, falling by $4.112 billion to $640.279 billion. The Reserve Bank of India's intervention in the currency market to stabilize the Rupee has contributed to this consistent drop,
India's forex reserves extend decline, stand at 10% below peak
India's forex reserves decline, hitting multi-month low, due to RBI intervention to prevent Rupee depreciation.
India’s foreign exchange reserves drop to eight-month low amid rupee pressure
Concerns about India's slowing growth and widened trade deficit have hurt the rupee, alongside broad-based dollar's strength amid a hawkish shift in the US Federal Reserve's policy outlook and expectations surrounding the country's President-elect Donald Trump's policies.
India rupee drops for 7th straight year as headwinds swirl near year-end
The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed.
India's Forex Reserves Hit 8-Month Low, Fall $4.11 Billion to $640.27 Billion
India's forex reserves fell by another $4.112 billion during the week ended December 27, 2024, as the Reserve Bank of India sold $4.641 billion to help reduce volatility in the rupee.
India rupee onshore-NDF arbitrage widens, new all-time low in sight
The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian ...
devdiscourse3d
Indian Rupee Faces Marginal Depreciation amid Global Economic Shifts
In CY25, the Indian Rupee is likely to see slight depreciation due to FPI flow volatility and a strong U.S. dollar. Despite ...
India rupee may dip, bond yields to track US peers
MUMBAI, Dec 30 (Reuters) - The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low ...
From Rupee devaluation to Mutual Funds: How Manmohan Singh opened India’s doors to the world
Faced with a dire financial crisis in 1991, Manmohan Singh, then Finance Minister, introduced the New Economic Policy under ...
Yahoo Finance13d
India rupee seen under pressure, bonds to track US peers
The rupee hit a record low of 85.10 against the dollar on Friday and closed down 0.2% for the week, its seventh consecutive weekly decline. [INR/] Interventions by the Reserve Bank of India (RBI ...
devdiscourse3d
Indian Rupee Faces 2025 Challenges Amid Global Economic Shifts
The Indian Rupee is anticipated to depreciate slightly in 2025 due to volatile investor flows and a strong U.S. dollar.
Why is the rupee weakening against the dollar? | Explained
Factors influencing currency value, RBI intervention, and global investor trends driving exchange rate fluctuations.
Mark Mobius sees opportunity in weaker Rupee; know how can it help, which sectors can benefit
Mark Mobius, chairman of Mobius Emerging Opportunities Fund, while a depreciating rupee may deter foreign investment in India ...