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Near 2-year low: Forex reserves fall for 7th straight week

Times of India LogoTimes of India6d ago

Near 2-year low: Forex reserves fall for 7th straight week - Times of India

Quick Summary:

India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to September 16, its lowest level since October 2, 2020, Reserve Bank of India's weekly statistical supplement showed on Friday.

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The rupee steadied by the close of trading on Friday after a turbulent week, tumbling past 81 per dollar to touch a record low earlier in the session, prompting RBI to intervene.


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Article Details

Author / Journalist: Reuters

Category: Economy

Topics: Forex reserves Forex reserves fall 2 year low India forex 2 year low Forex 2 year low Business news India forex reserves

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 22:01:07

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 2 minutes read

Article Length: 187 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 496385

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About Times of India

Times of India Logo

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 19 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 3h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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