- Advertisement -Newspaper WordPress Theme
BusinessForex reserves rise for 5th week in a row - Times of...

Forex reserves rise for 5th week in a row – Times of India


Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis.
The $10.9 weekly increase took place during the week which saw the dollar fall globally in the wake of currency market reactions to the tariff war unleashed by President Donald Trump.
Besides the purchase of dollars by RBI, forex reserves also rose due to valuation gains of non-dollar assets held by the RBI. Foreign currency assets, the largest component, were at $ 574.09 billion. TNN





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe Today

GET EXCLUSIVE FULL ACCESS TO PREMIUM CONTENT

SUPPORT NONPROFIT JOURNALISM

EXPERT ANALYSIS OF AND EMERGING TRENDS IN CHILD WELFARE AND JUVENILE JUSTICE

TOPICAL VIDEO WEBINARS

Get unlimited access to our EXCLUSIVE Content and our archive of subscriber stories.

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme