India’s foreign exchange reserves continue to ease

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: November 20, 2024

India’s foreign exchange reserves have continued to ease from the record high of $704.9 billion registered in the last week of September.

Foreign exchange reserves held by the Reserve Bank of India decreased to $688 billion as of October 18th, the latest data showed.

The result was largely attributed to an outflow of foreign capital amid heightened tensions in the Middle East and as investors had higher preference for Chinese assets following Beijing’s stimulus measures.

The USD/INR currency pair settled little changed at 84.0750 on Friday. For the week, the exotic currency pair inched up 0.03%.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Airbus delivers first A350 aircraft from Tianjin facility Airbus said earlier this week that it had delivered the first A350 widebody plane from its final assembly line in Tianjin to China Eastern Airlines.The Tianjin facility engages in cabin installation, painting, production flight test […]
US stock index futures slightly up before GDP data U.S. stock index futures fluctuated around zero percentage change, with the Standard & Poor’s 500 Index might be heading for the biggest monthly gain since January, as investors awaited a policy announcement following the Federal Reserve’s […]
Forex Market: EUR/AUD daily forecast During Friday’s trading session EUR/AUD traded within the range of 1.4379-1.4464 and closed at 1.4403.At 6:40 GMT today EUR/AUD was losing 0.09% for the day to trade at 1.4390. The pair touched a daily low at 1.4386 at 6:20 […]
AUD/USD extended gains from yesterday Australian dollar continued to advance against its US peer on Tuesday after the Australian elections and another set of upbeat Chinese data.AUD/USD touched a session high at 0.9288 at 5:31 GMT, the pairs highest point since July. Support […]
EUR/USD slightly higher before German IFO business climate The euro edged higher against the US dollar on Tuesday, but upward movement seemed limited, following the speech by ECB President Mario Draghi yesterday and in expectation of the crucial German business climate indicators, scheduled for […]
Forex Market: USD/CAD trading outlook for September 30th 2016 Yesterday’s trade (in GMT terms) saw USD/CAD within the range of 1.3048-1.3185. The pair closed at 1.3146, edging up 0.50% compared to Wednesdays close. It has been the 182nd gain in the past 349 trading days and also the steepest one […]

Related News