India's forex reserves rise at fastest pace since August 2021 - Reuters

MUMBAI, Nov 18 (Reuters) - India's foreign exchange reserves (INFXR=ECI) rose to $544.72 billion in the week through Nov. 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

The country's reserves were at $529.99 billion by Nov. 4. They are still down from around $630 billion at the beginning of this year as the RBI sold a portion of the reserves to prevent a sharp fall in the rupee this year.

In the week ended Nov. 11, softer-than-expected U.S. inflation data helped the rupee mark its best weekly performance in about four years and strengthened it to the 80-per-dollar handle for the first time since mid-September.

For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar.

Reporting by Anushka Trivedi in Mumbai; Editing by Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)

https://news.google.com/__i/rss/rd/articles/CBMibGh0dHBzOi8vd3d3LnJldXRlcnMuY29tL21hcmtldHMvZXVyb3BlL2luZGlhcy1mb3JleC1yZXNlcnZlcy1yaXNlLWZhc3Rlc3QtcGFjZS1zaW5jZS1hdWd1c3QtMjAyMS0yMDIyLTExLTE4L9IBAA?oc=5

2022-11-18 11:52:00Z
1649820646

Bagikan Berita Ini