Forex Reserves Fall For 6th Straight Week, Decline By $311 Million

Author : desertsafari
Publish Date : 2022-04-23 00:00:00


Forex Reserves Fall For 6th Straight Week, Decline By $311 Million

India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.

India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharp



Category :travel

Cost Of EVs To Be At Par With Petrol-Run Vehicles In 2 Years: Nitin Gadkari

Cost Of EVs To Be At Par With Petrol-Run Vehicles In 2 Years: Nitin Gadkari

- Union Minister for Road Transport and Highways, Nitin Gadkari has said that the rapid strides in technology and green fuel will reduce the cost


Sky Mavis Offers Up to $1 Million in Bug Bounty After Losing $625 Million in Major Hack

Sky Mavis Offers Up to $1 Million in Bug Bounty After Losing $625 Million in Major Hack

- Sky Mavis, the developer studio of popular NFT game Axie Infinity, is ramping up efforts to secure its networks


Ladakh Gets A New Lieutenant Governor After Predecessors Quiet Exit

Ladakh Gets A New Lieutenant Governor After Predecessors Quiet Exit

- BD Mishra, a former brigadier of the Indian Army, and present Governor of Arunachal Pradesh, has been appointed as


Dhow Cruise Dubai Marina

Dhow Cruise Dubai Marina

- Evans held off his final attack mode until he opened up a gap to the drivers behind him, and then used it to steal the race win of the first