Currencies

India’s forex reserves decreased by $6.78 billion to $675.65 billion for the week ended November 8, according to data released by the Reserve Bank of India (RBI) on Friday (Nov. 15). Foreign exchange reserves are assets held by a nation’s central bank or monetary authority, typically denominated in reserve currencies such as the US Dollar, Euro, Japanese Yen, and Pound Sterling. After

India’s foreign exchange reserves rose to by a whopping $14.72 billion to $544.715 billion in the week through Nov. 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India’s (RBI) weekly statistical supplement showed. Asia’s third-largest economy’s reserves stood at $529.99 billion by Nov. 4. The rise in the foreign exchange reserves was likely fueled by

The euro, which has lost over 9% of its value against the dollar since the start of the year, continued its downfall on Tuesday (July 5), falling to its lowest level in two decades. The joint European currency shed around 1.3% for the session to hit $1.029 by mid-afternoon in Europe, having earlier been as low as $1.028. The decline came amid soaring gas prices