#ForexReserves

Sreedev Krishnakumarsreedevkkumar@journa.host
2025-01-14

India's forex reserves have fallen by $70.3 billion in just 14 weeks.

How does the ongoing depletion in India’s foreign reserves compare to the past? How significant is the current erosion in the larger macroeconomic context? Today's Number Theory explores these in detail.

Read on HT app: hindustantimes.com/editors-pic

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#MastIndia #India #RBI #ForexReserves #Economy #IndianEconomy @mastodonindians

$70 billion of reserves gone in 14 weeks 

Byline: Sreedev Krishnakumar

India’s foreign exchange reserves stood at $634.6 billion on the week ending January 3, 2025, the RBI said in its weekly statistical supplement released on January 10. This number has fallen in every week except one since the week ending October 4, 2024, the data shows. The stock of India’s forex reserves has fallen from an all-time high of $704.9 billion in the week ending September 27, 2024 as a result of this almost continuous fall.

What do these numbers mean? How big or small is the ongoing depletion in India’s foreign reserves compared to the past? How significant is the current erosion in the larger macroeconomic context? Here are three charts which try to answer this question.

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centfx limitedcentfx
2024-09-11

Centfx
The price of AUDUSD is waiting for a break. Today's forecast is 11-09-2024.
The AUDUSD price hovers around the 0.6640$ level, awaiting negative momentum that would help push the price past this barrier and pave the way for fresh short-term negative goals that reach as high as 0.6570$. As a result, we will stick with our bearish trend recommendation for the next time frame. We will also point out that any

centfx.com/

centfx limitedcentfx
2024-09-04

Centfx
The price of NZDUSD is still falling. Today's forecast is 04-09-2024.
The AUDUSD price successfully reached our first extended objective at 0.6695$ by breaking through the 0.6728$ level. We are now waiting for additional declines to reach our next main target at 0.6640$. In order to maintain the continuance of the recommended bearish wave, the EMA50 continuously applies negative pressure to

centfx.com/

centfx limitedcentfx
2024-07-06

Centfx
Updated crude oil price forecast
The price of crude oil is starting to show new positive trades that indicate a return to the main bullish trend. This trend is expected to reach 85.80$ as the next positive station, and the EMA50 is supporting it. This reminds you that holding above 82.95$ is crucial to maintaining the anticipated rise. in the range of 85.70$ resistance and 82.70$ support.

centfx.com/

thehardnewsdailyThehardnewsdaily
2024-05-11

India's forex reserves surge by $3.7 billion, reaching a robust $641.6 billion.

RBI Governor Shaktikanta Das highlights this as a testament to the Indian economy's strength.

A significant financial milestone amid global economic fluctuations.

thehardnewsdailyThehardnewsdaily
2024-03-30

India's forex reserves soar to a record $642.63 billion, signaling rising investor confidence 🚀.

According to the Reserve Bank of India, this historic high follows the fifth consecutive week of gains, with FPI inflows playing a crucial role.

centfx limitedcentfx
2024-03-27

Centfx
The USDJPY price completes its upward formation. Today's forecast is for March 27, 2024.
In order to activate the positive effect of the bullish pennant pattern and obtain positive momentum that supports the expectations of a rise in the upcoming sessions, the USDJPY price managed to breach it and settles above it. It is now waiting to breach 151.81 to confirm a move towards 153.00,

centfx.com

centfx limitedcentfx
2024-03-24

Centfx
Updated end-of-day projection for crude oil prices
The price of crude oil tested the 81.80$ level and then bounced bearishly to approach the key support at 80.68$. This indicates that we should be cautious in the upcoming trading because the chart shows signs of a head and shoulders pattern, which will be confirmed by breaking the support and has negative targets that directly reach 78.90$.


centfx.com

centfx limitedcentfx
2024-01-04
centfx limitedcentfx
2023-12-27

centfx
Gold price gets a positive close
The price of gold fluctuates around the level of 2065.70. It is noteworthy that the price has closed above this level on a daily basis, supporting the continuation of the anticipated bullish trend on an intraday and short-term basis.

centfx.com

centfx limitedcentfx
2023-12-25

centfx
Gold & Silver bullion outperform mining stocks again in 2023
Bulls are rejoicing at the gold and silver markets' sustained strength as the Christmas season draws near.

Next Friday, the precious metal could end the year at a record-breaking high. However, the week with fewer holidays is probably going to see low trading volumes.

centfx.com

2023-09-08

India’s forex reserves experienced a notable surge rising by $4.04 billion to reach $598.897 billion for the week ending September 1 as per data released by the RBI.

#Rupee #USDollar #RBI #ForexReserves #Economic #IndiaNews

ganganews.com/business/indias-

HW News Hindihwnewsnetwork
2021-02-06

भारत का फोरेक्स रिज़र्व 4.85 अरब डॉलर बढकर 590.18 अरब डॉलर पर पहुंचा
भारत का विदेशी मुद्रा भंडार (Forex reserves) 29 जनवरी को समाप्‍त हुए हफ्ते में 4 अरब 85 करोड़ अमरीकी डॉलर बढकर पांच खरब नब्‍बे अरब 18 करोड़ अमरीकी डॉलर के रिकॉर्ड स्‍तर पर पहुंच गया
hindi.hwnews.in/news/national/

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