{"id":19197,"date":"2023-04-21T12:29:23","date_gmt":"2023-04-21T12:29:23","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/indias-forex-reserves-rise\/"},"modified":"2023-04-21T12:33:47","modified_gmt":"2023-04-21T12:33:47","slug":"indias-forex-reserves-rise","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/indias-forex-reserves-rise\/","title":{"rendered":"India’s forex reserves rise for second week, hit over 9-month high"},"content":{"rendered":"

MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended April 14, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.<\/p>\n

That is an increase of $1.65 billion from the previous week. Reserves had gone up by $6.3 billion in the week ending April 7.<\/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 had ended marginally higher against the U.S. dollar and traded in a range of 81.77 to 82.15.<\/p>\n

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak.<\/p>\n

\n

(Reporting by Siddhi Nayak; Editing by Sohini Goswami)<\/p>\n

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MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended April 14, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $1.65 billion from the previous week. Reserves had gone up by $6.3 […]<\/p>\n","protected":false},"author":8,"featured_media":19198,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-19197","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_LYNXMPEJ3K0G5-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19197","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=19197"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19197\/revisions"}],"predecessor-version":[{"id":19199,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/19197\/revisions\/19199"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/19198"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=19197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=19197"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=19197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}