India’s forex reserves have fallen by $35 billion since the Ukraine war ...Middle East

Quartz - Economy
India’s forex reserves have fallen by $35 billion since the Ukraine war
source : Quartz ( Middle East ) () 18
The Reserve Bank of India (RBI) has faced severe headwinds of late: soaring crude oil prices, the US Federal Reserve raising interest rates, and an exodus of foreign money. Its task has only gotten trickier in the past few days.Today (May 9), the rupee fell to a record low of 77.42 a dollar—the previous low was 76.98 a dollar in March. Its forex reserves stood at $597.73 billion (45.68 lakh crore rupees) on April 29 (pdf), compared with $630.19 billion before the Ukraine war.The rupee’s decline, however, has been staggered, with the central bank deploying its dollar reserves.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

Hence then, the article about india s forex reserves have fallen by 35 billion since the ukraine war was published today ( ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( India’s forex reserves have fallen by $35 billion since the Ukraine war )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

South Korea Charges Refiners With Gas Price Gouging

before 20 minute

Malawi: No 2030 Bid for Joyce Banda - Says Malawi Needs New Energy, Backs Youth

before 43 minute

Africa: Ports Are Not Just Infrastructure - What Tema Reveals About Development in Africa

before 58 minute

Big Tech’s $3 Trillion Struggle to Secure Enough Electricity

before 6 hours & 54 minute

Five Energy Stocks Riding Texas's Data Center Power Boom

before 8 hours & 56 minute

The Era of Cheap U.S. Natural Gas May Be Coming to an End

before 10 hours & 59 minute

Starmer Out, Burnham In: What Changes for UK Energy Policy?

before 13 hour & minute

Europe's Hottest June on Record Traced to Climate Change

before 14 hour & 58 minute

Oman& 039;s GDP exceeds 9.6 Billion Omani Riyals in Q1 2026

before 17 hour & 5 minute

DWP confirms end of two major benefits in universal credit milestone

before 22 hour & 31 minute

Beyond the Credential: As AI Erases the 'Entry-Level Job' and Climate Volatility Accelerates, Planet Classroom Unveils July Lineup Mapping the New Rules of Human Resilience

before 22 hour & 51 minute

Dip in U.S. LNG Imports to EU Spells Trouble for Trade Deal

2026-7-5

Largest Data Center Project Ever Proposed Is Officially Dead

2026-7-4

Muscat stock exchange index rises after 4-Week decline

2026-7-4

Trademark Attorney Warns Business Owners: AI-Generated Brand Names Come With Hidden Legal Risks

2026-7-4