BR100 Decreased By (-0.09%)
BR30 Decreased By (-0.08%)
KSE100 Increased By (0.02%)
KSE30 Decreased By (-0.02%)
AGHA 7.73 Decreased By ▼ -0.08 (-1.02%)
BECO 5.20 Decreased By ▼ -0.01 (-0.19%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 10.01 Increased By ▲ 0.05 (0.5%)
CSIL 5.32 Increased By ▲ 0.01 (0.19%)
FCCL 54.50 Decreased By ▼ -0.20 (-0.37%)
FFL 16.74 Increased By ▲ 0.05 (0.3%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.39 Decreased By ▼ -0.01 (-0.14%)
KOSM 5.74 Decreased By ▼ -0.03 (-0.52%)
LOTCHEM 29.19 Decreased By ▼ -0.13 (-0.44%)
MLCF 93.80 Decreased By ▼ -0.56 (-0.59%)
NBP 203.01 Decreased By ▼ -0.04 (-0.02%)
NCPL 56.80 Decreased By ▼ -0.20 (-0.35%)
NPL 67.80 Increased By ▲ 0.10 (0.15%)
OGDC 316.30 Increased By ▲ 0.46 (0.15%)
PACE 10.68 Increased By ▲ 0.04 (0.38%)
PAEL 43.24 Increased By ▲ 0.04 (0.09%)
PIBTL 16.70 Decreased By ▼ -0.04 (-0.24%)
PPL 218.68 Decreased By ▼ -1.10 (-0.5%)
PRL 50.02 Increased By ▲ 0.83 (1.69%)
PTC 71.09 Increased By ▲ 0.56 (0.79%)
SSGC 27.98 Decreased By ▼ -0.27 (-0.96%)
TBL 9.82 Decreased By ▼ -0.04 (-0.41%)
TELE 8.71 Decreased By ▼ -0.08 (-0.91%)
TPL 18.22 Decreased By ▼ -0.02 (-0.11%)
TPLP 13.42 Increased By ▲ 0.15 (1.13%)
TREET 22.70 Decreased By ▼ -0.02 (-0.09%)
TRG 60.51 Increased By ▲ 0.37 (0.62%)
اردو
Android App
Print Edition Dollar to PKR
Intl Oil Prices Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Business & Finance

India’s forex reserves fall to over 3-month low of $560bn

Published Updated
Save
1 min
comment 4
By Reuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

MUMBAI: India’s foreign exchange reserves fell to $560 billion as of the week ended March 10, their lowest since early-December, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.

The reserves stood at $562.40 billion in the week to March 3.

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee’s exchange rate against the dollar. The RBI has said in the past that changes in reserves also stem from valuation gains or losses.

India’s forex reserves increase, stand at $562.4bn

Last week, the rupee fell 0.1% against the dollar as the banking crisis in the United States unfolded, with the currency trading in a range of 81.6150 to 82.2975. The rupee ended at 82.5525 on Friday.

RBI Reserve Bank of India India's forex reserves

Comments

Comments are closed for this article.

Tulukan Mairandi Mar 17, 2023 08:40pm
Indians don't even feel it.
0
Az_Iz Mar 17, 2023 11:14pm
The ICC is just a tool to go after anyone who does not play ball with the West, on their terms.
0
KhanRA Mar 18, 2023 12:15am
Indias debt to GDP ratio is almost the same as Pakistan’s, but with their debt they’ve built up massive foreign reserves while we are on the verge of default.
0
Awami Mar 18, 2023 05:17am
It appears Idia is also going down same as Pakistan.
0
More Stories

Browse all stories