India's FX reserves drop to 8-month low amid rupee pressure

India's forex reserves decline for third consecutive month, 12th slump in past 13 weeks
India's forex reserves decline for the twelfth time in 13 weeks, falling by $4.112 billion to $640.279 billion. The Reserve Bank of India's intervention in the currency market to stabilize the Rupee has contributed to this consistent drop,
India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday.
India’s foreign exchange reserves drop to eight-month low amid rupee pressure
Concerns about India's slowing growth and widened trade deficit have hurt the rupee, alongside broad-based dollar's strength amid a hawkish shift in the US Federal Reserve's policy outlook and expectations surrounding the country's President-elect Donald Trump's policies.
India's Forex Reserves Hit 8-Month Low, Fall $4.11 Billion to $640.27 Billion
India's forex reserves fell by another $4.112 billion during the week ended December 27, 2024, as the Reserve Bank of India sold $4.641 billion to help reduce volatility in the rupee.
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The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump's U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed.
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India rupee seen under pressure, bonds to track US peers
The rupee hit a record low of 85.10 against the dollar on Friday and closed down 0.2% for the week, its seventh consecutive weekly decline. [INR/] Interventions by the Reserve Bank of India (RBI ...
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Factors influencing currency value, RBI intervention, and global investor trends driving exchange rate fluctuations.