MUMBAI: India’s overseas trade reserves rose for a 3rd straight week to a document excessive of $684 billion as of Aug 30, RBI information confirmed on Friday. The reserves rose by $2.3 billion within the reporting week, after having risen by a complete of $11.6 billion within the prior two weeks.
RBI intervenes within the foreign exchange market to forestall undue volatility within the rupee. Over the past month, RBI possible purchased and bought {dollars}.
This led to the rupee holding a slim vary for prolonged durations. In the course of the week, the rupee logged marginal weekly beneficial properties towards the greenback.
RBI intervenes within the foreign exchange market to forestall undue volatility within the rupee. Over the past month, RBI possible purchased and bought {dollars}.
This led to the rupee holding a slim vary for prolonged durations. In the course of the week, the rupee logged marginal weekly beneficial properties towards the greenback.
