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India’s Forex Reserves Fall for Fourth Week to $734.6 Billion

By Uniquetimesorg October 7, 2026 0

India’s foreign exchange reserves fell for the fourth consecutive week to $734.6 billion, according to data cited by the Reserve Bank of India (RBI). The reserves are now around $50 billion below their recent peak of $785.71 billion recorded on September 4. The decline comes as the RBI has been selling dollars in the spot […]Continue Reading

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RBI Steps Up Rupee Support as Dollar Sales Reach at Least $8 Billion

By Uniquetimesorg September 8, 2026 0

India’s central bank, the Reserve Bank of India (RBI), significantly increased its foreign exchange intervention last week, selling an estimated $8 billion to $15 billion to support the rupee, according to six bankers. The intervention helped the currency strengthen to 94.2850 per dollar on September 3, its strongest level in more than two months. The […]Continue Reading

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RBI Chief Says Rate Hike Talk Premature as Inflation Shows No Broad-Based Rise

By Uniquetimesorg June 24, 2026 0

India’s central bank governor Sanjay Malhotra said it is “premature” to discuss interest rate hikes at this stage of the monetary policy cycle. He noted that the Reserve Bank of India (RBI) is closely monitoring potential second-round effects of rising oil prices on inflation before making any policy shifts. Malhotra said there are currently no […]Continue Reading

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Indian Banks Launch Global Drive to Attract $50 Billion from NRIs

By Uniquetimesorg June 12, 2026 0

Indian banks have launched a global campaign to attract more than $50 billion in deposits from non-resident Indians (NRIs), as policymakers seek to strengthen the country’s foreign exchange reserves and support the rupee. Lenders are offering returns of up to 7.1% on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and are actively targeting overseas Indians through Continue Reading

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India’s Forex Reserves Decline by $711 Million to $681.61 Billion

By Uniquetimesorg June 12, 2026 0

India’s foreign exchange reserves declined by USD 711 million to USD 681.610 billion during the week ended June 5, according to data released by the Reserve Bank of India (RBI) on Friday. The fall comes after the country’s forex reserves had registered an increase of USD 938 million in the previous reporting week, reaching USD […]Continue Reading

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Modi Calls for Fuel Saving, Fewer Imports to Protect Forex Reserves

By Uniquetimesorg May 11, 2026 0

Prime Minister Narendra Modi on Sunday urged Indians to adopt fuel-saving measures and reduce non-essential spending as rising global energy prices put pressure on the country’s foreign exchange reserves. He encouraged people to revive work-from-home practices and online meetings, saying reduced commuting would help cut fuel consumption and save foreign currency. Modi also Continue Reading

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Capital Outflows Cast Shadow On India’s Economic Outlook

By Uniquetimesorg April 17, 2026 0

India’s external sector remains resilient on the surface, supported by strong foreign exchange reserves of nearly $710 billion, according to the Reserve Bank of India. These reserves provide a solid buffer against any immediate balance of payments crisis, even as global uncertainties persist and import cover remains healthy. However, underlying pressures are building as Continue Reading

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India’s Forex Reserves Drop to $716.81 Billion Amid RBI Dollar Sales

By Uniquetimesorg March 13, 2026 0

India’s foreign exchange reserves declined to $716.81 billion in the week ending March 6, down from $728.49 billion the previous week, according to data released by the Reserve Bank of India (RBI) on Friday. The $11.68 billion fall comes as the central bank sold dollars in the market to support the rupee, which faced pressure […]Continue Reading