At $43 billion, RBI’s net dollar purchase hits new high
India’s foreign exchange reserves fell by $5.01 billion to $721.02 billion in the week ended Oct 16, down $64.7 billion from their all-time high of $785.71 billion in the week ended Sept 4, as pressure on the rupee continued. Foreign currency assets, the largest component of reserves, declined by $5.76 billion during…
India’s foreign exchange reserves fell by $5.01 billion to $721.02 billion in the week ended Oct 16, down $64.7 billion from their all-time high of $785.71 billion in the week ended Sept 4, as pressure on the rupee continued.
Foreign currency assets, the largest component of reserves, declined by $5.76 billion during the latest week.
The fall was partly offset by a $706 million increase in the value of gold reserves.
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Key focus areas include regulatory direction, banking operations, credit conditions, customer service, compliance readiness, and market developments connected with "At $43 billion, RBI’s net dollar purchase hits new high".
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The council news desk recommends reviewing related circulars, service rules, and grievance channels where the development has service or welfare implications for SC, ST, and OBC employees.
Source attribution: Times of India – Business.
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Full detailed coverage is shown on the council website above. Source attribution: Times of India – Business.
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