India's foreign exchange reserves expanded by $2.54 billion to $597.94 billion for the week ending November 24, the latest data by the Reserve Bank of India (RBI) showed on Friday. India's forex reserves up by $2.54 bn to $597.94 bn for the week ending Nov 24 Dec 1, 2023, 05:41PM IST.RBI's figures are provisional, subject to updates, and are part of the country's periodic balance-of-payments data. This contrasts slightly with the government's prior report, indicating exports at $28.70 billion and imports at $14.32 billion. In October, India's service exports surged by 10.8% to $28.03 billion, as per RBI's provisional data, while imports dipped by 0.4% to $13.46 billion. India services exports rise 10.8% to $28.03 bln in October Dec 1, 2023, 06:55PM IST.The test shows how banks are trying to get ahead of cyber criminals who could use advances in computing to access trading data in global financial systems such as the $7.5 trillion per day foreign exchange market. HSBC tests protecting FX trading from quantum computer attacks Dec 6, 2023, 12:34PM IST.This marks a surpassing of the $600 billion threshold after around four months. India's foreign exchange reserves reached $604 billion for the week ending December 1, as announced by Reserve Bank of India Governor Shaktikanta Das during the bi-monthly Monetary Policy Committee (MPC) meeting. India's forex reserves at $604 bn for the week ending Dec 1 Dec 8, 2023, 10:37AM IST.One basis point is 0.01 percentage point. The benchmark 10 year US treasury yields fell 24 basis points during the week which prompted foreign portfolio flows into the Indian markets. The surge in reserves is largely attributed to a pick up in foreign portfolio flows during the week and partly due to revaluation of non dollar foreign currency assets in the reserves. India's forex reserves at $604 bn for the week ending December 1 Dec 8, 2023, 07:24PM IST.Rupee falls 1 paisa to 83.38 against US dollar in early trade Dec 13, 2023, 10:14AM ISTĪccording to forex analysts, a steep fall in crude oil prices from above USD 76 per barrel to the level of USD 73 a barrel provided support, but the Indian currency was weighed down by the muted trend in equity markets on the back of rising retail inflation in the country.India's forex reserves increased by $2.82 billion to $606.86 billion for the week ending December 8, the latest data by the Reserve Bank of India (RBI) showed on Friday. ![]() India's forex reserves up $2.82 bn to $606.86 bn for the week ending December 8 Dec 15, 2023, 05:02PM IST.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |