India's FX reserves drop to 8-month low amid rupee pressure

The rupee depreciated 2.8% in 2024 due to a strengthening USD, high US bond yields, geopolitical tensions, and substantial ...
Last week, the local currency was under pressure as the strong demand for dollar continues, decline in the offshore Chinese yuan, and foreign fund outflows by foreign portfolio investors.
The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian ...
India's forex reserves decline, hitting multi-month low, due to RBI intervention to prevent Rupee depreciation.
Factors influencing currency value, RBI intervention, and global investor trends driving exchange rate fluctuations.
India’s foreign exchange reserves continue to decline, extending downhill journey for three months now. In the week that ended December 27, the country’s foreign exchange kitty declined by USD 4.112 ...
Mark Mobius, chairman of Mobius Emerging Opportunities Fund, while a depreciating rupee may deter foreign investment in India ...