Category: Forex News

India’s forex reserves extend decline, stand at 10% below peak

India’s foreign exchange reserves continue to decline, extending its downhill journey for three months now. In the week that ended

The dollar index surged about 7 per cent in 2024 and has closed the year on a strong note. Indeed,

The Rupee closed at a lifetime low on Friday in the backdrop of the Dollar gaining strength, importers continuing to

The rupee depreciated 4 paise to close at a record low of 85.79 (provisional) against the US dollar on Friday,

The rupee depreciated 9 paise to close at 85.73 (provisional) against the US dollar on Thursday, as strong dollar demand

The rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday, weighed down by the

The rupee weakened a shade to close at a record low of 85.6450 per US Dollar (USD) on Wednesday, the

The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including

The rupee dropped 9 paise to 85.61 against the US dollar in early trade on Tuesday, weighed down by significant