Canada PM Carney says he apologised to Trump over Reagan ad, 18 militants arrested in Pakistan's Punjab province, PM Modi hails UNESCO recognition of Lucknow as Creative City of Gastronomy,

India's foreign exchange reserves dip to $ 617 billion

India's foreign exchange reserves which had seen a seven- week winning streak, have witnessed a decline, falling from near 22-month highs to $617 billion,data from the central bank showed on Friday. This news comes amid global economic uncertainties and changing market dynamics.The reserves witnessed the steepest decline in nearly five months, falling $5.9 billion for the reported week, following a cumulative increase of $32.9 billion in the preceding seven weeks.  
The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee.Changes in foreign currency assets include the impact of the RBI's intervention as well as the appreciation or depreciation of foreign assets held in the reserves.Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund.

(Ira Singh, Asstt Editor, Gandhinagar)

 


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. India’s forex reserves decline by $6.92 billion in a week

    Full Story

  1. Sensex, Nifty slip amid weak global market cues

    Full Story

  1. India's forex reserves rise by $4.5 billion to hit $702 billion

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Wellness in Every Bite, Crafted by Tradition

Food in India has never been just about feeding the body—it’s been about nurturing the spirit, connecting with nature, and living in balance.

Read More

Crime

Over 3k calls daily, e-FIR of cyber frauds of 1 lakh & above, in Delhi

The Delhi Police will register e-FIR from Saturday on complaints of Cyber Financial Frauds involving an amount of Rs. 1 lakh or more.

Read More

Opinion

Trump, Disruption, and the Reckoning of a Colonial World

Trump is neither a reformer nor a mere provocateur. He functions as a mirror, reflecting the contradictions of a colonial-era global order. 

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.