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 :

Most viewed in Economy
Record high number of people turned to debt relief orders in February
INDEPENDENT - before 9 hours & 57 minute
UAE Halts Shah Gas Field After Iranian Drone Attack
OILPRICE - before 8 hours & 4 minute
China Moves to Broker Ceasefire in Pakistan-Afghanistan Conflict
OILPRICE - before 5 hours & 26 minute
Persistent Launches AI-Powered Generative Molecules and Virtual Screening Solution Powered by NVIDIA
PR Newswire - before 11 hour & 57 minute
Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver
OILPRICE - before 6 hours & 55 minute
EU will ‘inevitably beg for more Russian gas’ – Putin envoy
Russia Today - before 8 hours & 38 minute
Crexi Announces 2026 Platinum Award Winners, Honoring Over 1,000 Top Users Across Platform
PR Newswire - before 8 hours & 4 minute
Lloyds faces questions over ‘troubling’ banking app glitch that showed other users’ transactions
INDEPENDENT - before 7 hours & 59 minute
Armada Brings NVIDIA AI Grid Capabilities to Telcos
PR Newswire - before 3 hours & 17 minute
Pixelgen Technologies and Andreas Lundqvist's Research Group at Karolinska Institutet Collaborate to Identify Novel Biomarkers for Cancer Immunotherapy
PR Newswire - before 10 hours
CallRail Is First in Its Category to Achieve ISO 42001 Certification for Responsible AI Practices
PR Newswire - before 9 hours & 43 minute
From "Relationship-Driven" to "Algorithmic Parity": APEC Study Highlights How QLdigits Uses AI to Reshape Global Market Access
PR Newswire - before 9 hours & 26 minute


Latest News

Bitmine Immersion Technologies (BMNR) maakt bekend dat het 4,596 miljoen ETH-tokens in bezit heeft en dat het totale bezit aan cryptovaluta en contanten 11,5 miljard dollar bedraagt

before 13 minute

Skyrocketing Gas Prices Threaten Political Order Across the Globe

before 30 minute

The Body Shop to Accelerate Product Innovation with Centric PLM

before 46 minute

Carrier Ventures Invests in Heat Geek to Accelerate Heat Pump Adoption Across Europe

before hour & 19 minute

Independent Pubs Face 'Devastating' Energy Cost Spikes

before hour & 19 minute

Doodles Trained an AI Model on Nothing But Its Own Art. Now the Company Wants to Make a Feature Film with it

before hour & 53 minute

American Encore Passes Sea Trials: Sets New Standard for Global River Cruising

before hour & 55 minute

Germany Moves to Cap Fuel Price Hikes as War Drives Costs Higher

before hour & 55 minute

Herzog Advances Rail Communications Webex Migration with C1

before 2 hours & 11 minute

China Ramps Up Scrutiny of Meta’s Acquisition of Manus

before 2 hours & 16 minute

Knights of Columbus Asset Advisors Named to Newsweek's America's Top Financial Advisory Firms 2026

before 2 hours & 28 minute

How the Iran War Could Trigger a Global Credit Crunch

before 2 hours & 29 minute

FileSpin lanza una infraestructura DAM nativa de MCP para flujos de trabajo de medios autónomos

before 3 hours & minute

Armada Brings NVIDIA AI Grid Capabilities to Telcos

before 3 hours & 17 minute

Why Taking Over Utilities Won’t Deliver Cheap Electricity

before 3 hours & 19 minute