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With the third quarter earnings calendar coming to an end this week and with no major domestic trigger in sight, global trends and foreign fund movement will be in focus in the upcoming week.
India foreign exchange (forex) reserves dropped by $2.234 billion to $550.871 billion for the week ended September 9, the lowest level in two years, the Reser
India foreign exchange (forex) reserves dropped by $2.234 billion to $550.871 billion for the week ended September 9, the lowest level in two years, the Reser
![[Explained] Why are India's forex reserves burgeoning and how should they be deployed - Vimarsana News](https://vimarsana.com/images/vimarsana-bigimage.jpg)
Updated Jan 19, 2021 | 08:09 IST In the midst of coronavirus pandemic, the performance of India in accumulating foreign currency reserves is timely and remarkable. Representational image New Delhi: Foreign exchange reserves of India totalled US$ 477 billion as on March 20, 2020. This figure stood at US$ 581 billion as on December 25, 2020, recording a whopping increase of US$ 104 billion in a relatively short period of around 9 months. The surge in reserves has been consistent and is still continuing (see table below). Data on foreign exchange reserves is released ...