https://www.taxtmi.com/news?id=29982 India's foreign exchange reserves declined in the week ended January 3, mainly due to valuation effects and Reserve Bank of India interventions to reduce rupee volatility. Foreign Currency Assets fell substantially, while gold reserves increased; Special Drawing Rights and India's IMF reserve position registered modest decreases. The movements reflect both currency revaluations of non US holdings and deliberate central bank market operations for reserve management and currency stability. en-us Fri, 10 Jan 2025 17:16:03 +0530 Fri, 10 Jan 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29982 India's foreign exchange reserves declined in the week ended January 3, mainly due to valuation effects and Reserve Bank of India interventions to reduce rupee volatility. Foreign Currency Assets fell substantially, while gold reserves increased; Special Drawing Rights and India's IMF reserve position registered modest decreases. The movements reflect both currency revaluations of non US holdings and deliberate central bank market operations for reserve management and currency stability. News - Fri, 10 Jan 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=29982