India’s forex reserves have fallen for six consecutive weeks, hitting a 10-month low of $625.87 billion due to the RBI’s intervention to stabilize the rupee. Despite this, reserves are still sufficient to cover over 11 months of imports, with the RBI actively ensuring market stability.
Related Posts
Hospitals garner 50% share in healthcare FDI
India’s healthcare sector, particularly hospitals, has witnessed a surge in foreign direct investment, reaching $1.5 billion in FY24. This represents a significant increase, more than […]
In a 1st, Maruti exports SUV to Japan from Gujarat
Maruti Suzuki India started exporting the first Made-in-India Fronx, an SUV, to Japan. Manufactured at the Hansalpur plant near Ahmedabad, the initial shipment of over […]