You are here: Home » Specials » Statguru
India Inc moves to Dubai in droves as emirate eases ownership rules
icon-arrow-left
Business Standard

Statsguru: Six charts show India's declining foreign exchange reserves

RBI has scheduled an off-cycle meeting for November 3

Topics
StatsGuru | Foreign exchange reserves | Forex reserves

Ishaan Gera 



Statsguru: Six charts show India’s declining foreign exchange reserves
The rupee has depreciated 11 per cent against the US dollar since the beginning of the year. In January, the currency was trading at 74.26 against the dollar

On Friday, data released by the Reserve Bank of India (RBI) showed that India’s further declined by $3.8 billion. The country’s have fallen by $108.2 billion to $524.5 billion since the beginning of the year (chart 1). However, India is not the only country to witness a decline in . A Business Standard analysis shows that until September-end, reserves for Bangladesh and Vietnam had declined more than India’s. Among the BRICS economies (excluding Russia), India suffered the maximum decline in reserves (chart 2).

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, October 30 2022. 20:55 IST

RECOMMENDED FOR YOU

.