{"id":10504,"date":"2023-04-14T12:00:38","date_gmt":"2023-04-14T12:00:38","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/indias-forex-reserves-jump\/"},"modified":"2023-04-14T12:07:24","modified_gmt":"2023-04-14T12:07:24","slug":"indias-forex-reserves-jump","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/indias-forex-reserves-jump\/","title":{"rendered":"India’s forex reserves jump to 9-month high"},"content":{"rendered":"

MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.<\/p>\n

That is an increase of $6.3 billion from the previous week.<\/p>\n

The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee. Changes in forex reserves also stem from valuation gains or losses.<\/p>\n

For the reported week, the rupee ended 0.3% higher against the U.S. dollar. The Indian unit traded in a wide range of 81.8300 to 82.4550 to the dollar.<\/p>\n

The rupee closed at 81.85 on Thursday and clocked its fourth consecutive weekly rise for the holiday-shortened week ending April 14.<\/p>\n

\n

(Reporting by Siddhi Nayak; Editing by Shilpi Majumdar)<\/p>\n

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MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $6.3 billion from the previous week. The central bank intervenes in the spot and forwards markets to […]<\/p>\n","protected":false},"author":8,"featured_media":10505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-10504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3D0EH-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=10504"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10504\/revisions"}],"predecessor-version":[{"id":10506,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10504\/revisions\/10506"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10505"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10504"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}