Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report Oct 27, 2021, 08:59PM IST.Lauding India's policy efforts to push reserves and strengthen its external position, the multilateral agency has advised the central bank against excessive forex market intervention." Further accumulation of reserves is less warranted, and foreign exchange intervention should be limited to addressing disorderly market conditions" IMF said in its recently released country report for India. IMF advises RBI to go slow on reserves accumulation Oct 28, 2021, 10:35PM IST.In the reporting week ended October 22, the dip in the reserves was due to a fall in foreign currency assets (FCA), a major component of the overall reserves, and in the gold reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed. While lauding India's policy efforts to push reserves and strengthen its external position, IMF has advised the Reserve Bank of India (RBI) against excessive forex market interventions. IMF advises RBI against excessive forex interventions Oct 30, 2021, 10:55AM IST.
Rupee inches higher by 8 paise to 74.79 against US dollar in early trade Nov 2, 2021, 10:48AM ISTĪt the interbank foreign exchange, the rupee opened strong at 74.83 against the dollar and inched further to 74.79 in early deals, a rise of 8 paise over its previous close.Rupee surges 22 paise to close at 74.46 against US dollar Nov 3, 2021, 04:51PM ISTĪt the interbank forex market, the rupee opened strong at 74.64 against the greenback and later gained strength to settle at 74.46, higher by 22 paise over its previous close of 74.68.Moves in the British currency were also capped by caution ahead of a Bank of England meeting at which could it could become the first of the world's big central banks to raise rates since the coronavirus pandemic.
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