Forex Reserves
Latest news, explainers and analysis on Forex Reserves. Tracking 2 stories on Arth Vani.
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Latest on Forex Reserves
India’s Forex Reserves Jump $6.1 Billion to Reach $682.35 Billion
India's foreign exchange reserves surged by $6.1 billion to reach a total of $682.35 billion for the week ending July 24. This significant recovery follows a period of volatility caused by geopolitical tensions and active market interventions by the Reserve Bank of India.
Indian Banks Attract ₹1.72 Lakh Crore in Foreign Funds Via RBI Swap Window
Indian banks have mobilized a significant ₹1.72 lakh crore ($20.72 billion) in foreign currency, primarily through a special swap facility offered by the Reserve Bank of India (RBI). This major inflow, largely from Foreign Currency Non-Resident (FCNR) Deposits, strengthens India's foreign exchange reserves and boosts its economic standing.
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