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The Reserve Bank of India has dismissed reports suggesting it liquidated USD 12 billion in gold to defend forex reserves. The RBI confirmed physical gold stocks remain unchanged at 880.52 tonnes, despite severe macro pressures on the rupee
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SBI Research expects RBI to hold repo rate in June, using short-term tools to manage rupee pressure. FY26 GDP growth seen at 7.5%, FY27 at 6.6%. Inflation risks persist, crude may stay above $90, urging excise duty cuts
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India has weathered economic storms before. The question is whether it will meet this one with the same seriousness
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The Indian government’s policy response appears reactive rather than preventive, as higher gold import duties may fuel smuggling and increase reliance on recycled gold
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Pakistan plans to repay the remaining USD 1.5 billion of a USD 3.5 billion loan to the United Arab Emirates by April 23, aided by International Monetary Fund inflows and Saudi Arabia support, helping stabilise foreign exchange reserves
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A State Bank of India report urged the Reserve Bank of India to use forex reserves to stabilise the rupee amid West Asia tensions. It flagged volatility, suggested market interventions, and proposed measures to manage foreign exchange demand
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India’s diversified oil imports from over 40 countries and strategic reserves covering more than 70 days of demand have strengthened its ability to handle global energy shocks caused by the Iran conflict, a senior government official said.
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The Indian rupee fell 6 paise to 86.17 against the US dollar in early trade Monday amid rising crude prices and geopolitical tensions. FII outflows also weighed on the rupee, despite gains in equities and rising forex reserves.
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The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. Meanwhile, gold reserves went up by $1.242 billion to $70.893 billion during the week
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Sitharaman rejects criticism that rupee has seen all-round weakness, says Indian currency least volatile against the US dollar among its Asian and global peers
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For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said.
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For the week ending February 23, the foreign currency assets, a major component of the reserves, increased by USD 2.405 billion to USD 548.188 billion.
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India's forex reserves dropped for the third consecutive week, declining by USD 2.417 billion to USD 601.453 billion as of August 4
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India's forex reserves dropped by USD 3.165 billion to USD 603.87 billion for the week ended July 28, the RBI said on Friday
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India's foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7
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India's forex reserves dropped USD 2.901 billion to USD 593.198 billion in the week ended June 23
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India's forex reserves dropped by USD 4.339 billion to USD 589.138 billion for the week ended May 26
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SBP said that its foreign exchange reserves have decreased by $354 million to $4.2 billion as of the week ended March 24
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With country's focus riveted on Adani, none noticed an important development. India's Forex reserves hit an 11-week low, rupee traded in a thin range of 82.56 to 82.89 and exports declined.
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Various factors such as inflation, interest rates, quantum of public debt and current account deficit influence the dollar-rupee exchange rate to a great extent.