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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 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'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 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.
1h
Rupee fall continues unabated: Know its ripple effect on Indian economy, sectors that are most affected and how effective are RBI actions
The rupee depreciated 2.8% in 2024 due to a strengthening USD, high US bond yields, geopolitical tensions, and substantial ...
45m
Stock Market LIVE Updates: GIFT Nifty signals mildly higher open for India; Asia markets mixed
LIVE: Markets in India are expected to open higher, tracking gains on Wall Street that rebounded after a 5-day selling streak ...
3d
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 ...
devdiscourse
3d
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 ...
6d
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 ...
10d
on MSN
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 ...
devdiscourse
3d
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.
1d
Why is the rupee weakening against the dollar? | Explained
Factors influencing currency value, RBI intervention, and global investor trends driving exchange rate fluctuations.
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