![]() government can acquire foreign currencies for official expenditures as reported by disbursing officers for each post on the last business day of the month prior to the date of the published report. The decline in reserves is due to the central bank using them to defend the rupee amid global pressures.This quarterly report reflects exchange rates at which the U.S. India's reserve position in the IMF also declined by $51 million to $50.72 billion. India's forex reserves dipped by $7.28 billion to $594.90 billion as of August 18, 2023, according to data from the Reserve Bank of India (RBI). India's forex reserves see biggest weekly fall in over 6 months Aug 25, 2023, 05:06PM IST.The decline was the largest since the week ended February 10, RBI data showed. The RBI's foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion. Forex kitty posts sharpest weekly fall in 6 months Aug 26, 2023, 05:50AM IST.Rupee rises 12 paise to 82.52 against US dollar Aug 28, 2023, 10:16AM ISTĪt the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close.currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall soft economic data tempered the outlook for further Fed rate hikes. Dollar set for weekly loss as crucial US jobs data looms Sep 1, 2023, 08:21AM IST.The Korean won was the worst performer in Asia, down by almost 1%. The offshore Chinese yuan dropped to near 7.30 to the dollar following weak China services data. Rupee drops to 83/dollar, lowest in about two weeks Sep 5, 2023, 02:21PM IST.“Specifically, EM Asia is more vulnerable to this dollar strength, given a much lower interest-rate differential and a greater exposure to a weaker China growth outlook.” “The prospect of higher-for-longer US rates is reigniting pressure, and investors will be cautious,” said Vijay Kannan, a macro strategist at Societe Generale SA in Singapore. Soaring US dollar raises alarm as China, Japan escalate FX pushback Sep 6, 2023, 12:54PM IST."This unique Made in India initiative will go live with UAE as the pilot destination, followed by a phase wise global rollout," Thomas Cook (India) Managing Director and Chief Executive Officer Mahesh Iyer said in a statement. Thomas Cook India, NPCI to launch RuPay prepaid forex card for Indians travelling to UAE Sep 7, 2023, 09:04PM IST.Brent crude futures, the global oil benchmark, fell 0.61 per cent to USD 89.37 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.15 per cent to 104.89. ![]()
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