by Dhara Hariya | Sep 18, 2023 | Forex
In September, the Indian rupee faced a renewed challenge as it depreciated past the 83.3 per USD mark, reaching a new record low. This decline was driven by several factors, including a strong DXY (U.S. Dollar Index) and mounting pressure from high import prices,...
by Dhara Hariya | Sep 15, 2023 | Forex
India’s foreign exchange reserves, as reported by the Reserve Bank of India (RBI), saw a decline to an 11-week low of $593.90 billion as of September 8. This marked a $5 billion decrease from the previous week, following a $4 billion increase in reserves...
