Forex update: Reserves fall by $3 billion to $699.736 billion in early July; foreign currency assets slip sharply
Friday, 11 July 2025 () India's foreign exchange reserves experienced a decline of $3.049 billion, reaching $699.736 billion for the week ending July 4, as per RBI data. This decrease was primarily driven by a significant drop in foreign currency assets, although gold reserves and SDRs saw increases. The reserves are crucial for managing external vulnerabilities and maintaining financial stability.
President Trump has launched a full-scale trade war with the European Union, announcing a 50% tariff on EU imports starting June 1, 2025. Trump accused the EU of exploiting the U.S. through unfair..
India's foreign exchange reserves experienced a decline of $3.064 billion, reaching $696.672 billion in the week ending July 11, marking the second consecutive... IndiaTimes
Friday, 11 July 2025 ()
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