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indian forex reserves

News Reports

PM Modi asks Indians not to buy gold for a year: Read how gold imports burden economy, cause massive Forex outflow and widen trade...

Rukma Rathore -
PM Modi declared, "In the national interest, we must resolve not to purchase gold for a year," during a speech in Hyderabad.
Economy and Finance

India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

ANI -
India's forex reserves are now sufficient to cover around 11 months of projected imports, according to a recent RBI report.
Economy and Finance

India’s foreign exchange reserves cross $636 Billion, at over two-year high

ANI -
Forex reserves or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
News Reports

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

OpIndia Staff -
Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.
News Reports

Jyotiraditya Scindia furthers half truth about India’s forex reserves, gets fact-checked

Jhankar Mohta -
Even at a 7 month low, forex reserve was higher by around 30% since the BJP gained power, outflanking the Congress in 2014.

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