RBI’s Record Forex Intervention in November 2024 Overview of RBI’s Record Forex Intervention in November 2024 In November 2024, the Reserve Bank of India (RBI) made headlines with its record-breaking foreign exchange (forex) intervention, marking a significant step in stabilizing India’s foreign exchange reserves. The central bank’s decision to intervene in the forex market became…
Drop in India’s Foreign Exchange Reserves to $688.26 Billion India’s foreign exchange reserves have witnessed a notable decline, now standing at $688.26 billion as of October 20, 2023. This decrease, amounting to $4.84 billion, is a significant concern for the Indian economy, as these reserves play a crucial role in maintaining the country’s financial stability…
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