Tag: foreign exchange reserves

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India’s Forex Reserves Drop $7.5 Billion to Over One-Year Low of $681.4 Billion

India's foreign exchange reserves declined by $7.511 billion to $681.384 billion for the week ended May 22, according to the latest data released by the Reserve Bank of India. This marks the second consecutive weekly decline and takes the country's forex reserves to their lowest level in more than a year.

61% Indians May Avoid Non-Essential Gold Purchases, Says Survey

A new survey by LocalCircles suggests many Indians are willing to reduce non-essential gold purchases following Prime Minister Narendra Modi’s appeal May 17, 2026: A...