At $644 bn, forex reserves drop to over 7-month low
Financial Express Hyderabad|December 28, 2024
THE COUNTRY'S FOREX reserves fell for a third consecutive week and stood at a more-than-seven-month low to $644.391 billion for the week ended December 20, the RBI said on Friday.
PRESS TRUST OF INDIA

The reserve declined by $8.478 billion in the reporting week.

In the previous reporting week, the reserves had dropped by $1.988 billion to a six-month low of $652.869 billion.

Bu hikaye Financial Express Hyderabad dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Hyderabad dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS HYDERABAD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Hyderabad

Rupee at lifetime low as equities slide; tilt bearish

THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

PSBs' share in 'fair value' investments declines, private banks report gains

STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Bank shares plunge up to 8% amid weak business updates

Historically, the third quarter is not a great one for banks

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

D2C firm Frido set to be ₹200-cr brand

ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Former executives at OYO, upGrad launch mobility platform

MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Adani Group lines up petchem foray

Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market

● Beverage to rival Tata Consumer, Dabur products

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Auto ancillary firms aim US push with Trump's policies

TRUMP TAILWIND

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs

FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT

time-read
1 min  |
January 07, 2025
Financial Express Hyderabad

Will not rush in bringing Digital India Act

The rules to implement Digital Personal Data Protection (DPDP) Act was released last week for stakeholder consultation.

time-read
3 dak  |
January 07, 2025