{"id":298592,"date":"2023-03-17T12:17:00","date_gmt":"2023-03-17T12:17:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/17\/foreign-exchange-reserves-decline-to-3-month-low-of-560-billion\/"},"modified":"2023-03-17T12:17:00","modified_gmt":"2023-03-17T12:17:00","slug":"foreign-exchange-reserves-decline-to-3-month-low-of-560-billion","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/17\/foreign-exchange-reserves-decline-to-3-month-low-of-560-billion\/","title":{"rendered":"Foreign Exchange Reserves Decline To 3-Month Low Of $560 Billion"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div itemprop=\"articleBody\" id=\"ins_storybody\"><!-- \n\n<div itemprop=\"articleBody\" class=\"sp-cn ins_storybody\" id=\"ins_storybody\">--><\/p>\n<div class=\"ins_instory_dv\">\n<div class=\"ins_instory_dv_cont\"><img decoding=\"async\" title=\"Foreign Exchange Reserves Decline To 3-Month Low Of $560 Billion\" alt=\"Foreign Exchange Reserves Decline To 3-Month Low Of $560 Billion\" id=\"story_image_main\" src=\"https:\/\/c.ndtvimg.com\/2023-03\/pmb2idmo_foreign-exchange_625x300_10_March_23.jpg?im=FaceCrop,algorithm=dnn,width=650,height=400\"\/><\/div>\n<p class=\"ins_instory_dv_caption sp_b\">The reserves stood at $562.40 billion in the week to March 3. (File)<\/p>\n<\/div>\n<p><b class=\"place_cont\">Mumbai: <\/b><\/p>\n<p>India&#8217;s foreign exchange reserves fell to $560 billion as of the week ended March 10, their lowest since early-December, the Reserve Bank of India&#8217;s (RBI) statistical supplement showed on Friday.<\/p>\n<p>The reserves stood at $562.40 billion in the week to March 3.<\/p>\n<p>The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee&#8217;s exchange rate against the dollar. The RBI has said in the past that changes in reserves also stem from valuation gains or losses.<\/p>\n<p>Last week, the rupee fell 0.1% against the dollar as the banking crisis in the United States unfolded, with the currency trading in a range of 81.6150 to 82.2975. The rupee ended at 82.5525 on Friday.\u00a0<\/p>\n<p><i>(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.ndtv.com\/business\/foreign-exchange-reserves-decline-to-3-month-low-of-560-billion-3870007\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The reserves stood at $562.40 billion in the week to March 3. (File) Mumbai: India&#8217;s foreign exchange reserves fell to $560 billion as of the week ended March 10, their lowest since early-December, the Reserve Bank of India&#8217;s (RBI) statistical supplement showed on Friday. The reserves stood at $562.40 billion in the week to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":298593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3320,24366,24360,1878],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/298592"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=298592"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/298592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/298593"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=298592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=298592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=298592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}