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 foreign exchange (forex) reserves declined by $4.112 billion to an eight-month low of $640.279 billion during the week ended December 27, according to the latest RBI data. In the previous week,
India's forex reserves drop by $4.11 billion
India's forex reserves has dropped by USD 4.112 billion (Rs 3,53,14 crore). Reserves now stand at $640.279 billion during the week that ended December 27, the Reserve Bank said on Friday. In the previous reporting week,
India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this,
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.
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