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[ad_1] In October 2021, India's forex kitty had reached an all-time high of $645 billion. Forex Reserves Update: In the last three weeks, the RBI has been buying dollars to ensure the rupee remains stable India’s forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, according to the latest RBI data. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion. “In the last three weeks, the RBI has been buying dollars to ensure that too much appreciation in the rupee does not happen, so that exports do not suffer and the rupee remains stable around 82. The Asian currencies have fallen but the rupee remains in an stable state due to inflows and buying by RBI," said Anil Kumar Bhansali, head (treasury) and executive director of Finrex Treasury Advisors LLP. It can be noted that in October 2021, the country’s forex kitty had ...

[ad_1] In October 2021, India's forex kitty had reached an all-time high of $645 billion. Forex Reserves Update: In the last three weeks, the RBI has been buying dollars to ensure the rupee remains stable India’s forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, according to the latest RBI data. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion. “In the last three weeks, the RBI has been buying dollars to ensure that too much appreciation in the rupee does not happen, so that exports do not suffer and the rupee remains stable around 82. The Asian currencies have fallen but the rupee remains in an stable state due to inflows and buying by RBI," said Anil Kumar Bhansali, head (treasury) and executive director of Finrex Treasury Advisors LLP. It can be noted that in October 2021, the country’s forex kitty had ...