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India Becomes World’s Fourth-Largest Forex Reserve Holder as Reserves Jump Record $44.9 Billion
India Becomes World’s Fourth-Largest Forex Reserve Holder as Reserves Jump Record $44.9 Billion
Dollar inflows flowing into India’s forex reserves while the rupee remains largely unchanged in the currency market.
Rising tensions around the Red Sea and Strait of Hormuz are disrupting India’s rice exports, delaying shipments and increasing freight costs for exporters. Highlights India’s rice exporters are facing fresh challenges as geopolitical tensions in West Asia disrupt major global shipping routes through the Red Sea and the Strait of...
Key Highlights Rupee Gains Ground Against Dollar as Oil Prices Retreat and Global Risk Sentiment Improves Mumbai, June 9, 2026: The Indian rupee opened stronger on Tuesday, appreciating 20 paise against the U.S. dollar as easing geopolitical tensions in West Asia and a decline in global crude oil prices improved...
Key Highlights The Reserve Bank of India (RBI) has officially dismissed media reports claiming that it sold approximately $12 billion worth of gold to protect India’s foreign exchange reserves amid the ongoing West Asia conflict. In a clarification issued on June 4, the RBI stated that the reports are incorrect...
Key Highlights The Reserve Bank of India (RBI) has clarified that reports circulating in sections of the media regarding the sale of India’s gold reserves are incorrect. The central bank stated that its physical gold holdings remain unchanged at 880.52 tonnes as of date. The clarification came after reports suggested...
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