Tag: foreign exchange reserves
How RBI’s gold buying is helping shore up India’s foreign exchange reserves
The RBI maintains that its gold reserves serve primarily to diversify its foreign currency assets portfolio. (AI image) The RBI's strategic gold buying has bolstered ... Read More
Forex reserves drop by record $18 billion in a week
MUMBAI: Foreign exchange reserves fell by nearly $18 billion in the week ending Nov 15-the sharpest fall on record-as global investors continued pulling out funds ... Read More