Indias – Rayrice Forex News

Indias

India’s foreign exchange reserves fall on dollar appreciation: FM

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decrease in India’s foreign exchange reserves According to Union Finance Minister Nirmala Sitharaman, it is mainly due to fluctuations in the value of the US dollar. He said this while addressing the International Monetary Fund Committee at the annual meeting of the World Bank and the International Monetary Fund (IMF) last Friday. “India’s foreign exchange … Read more

With forex stocks hitting 2-year lows, India’s foreign exchange position has more momentum going forward

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New Delhi and Mint Street have said India’s external environment remains healthy despite a decade-high inflation in recent months. But as the dollar strengthened and the trade deficit widened, the Reserve Bank of India moved quickly to defend the rupee. The dwindling foreign exchange reserves may leave India’s external situation in dire straits. India’s foreign … Read more