https://www.taxtmi.com/news?id=30588 A decline in foreign exchange reserves occurred in the reporting week, driven by valuation effects and active central bank intervention in the forex market to dampen rupee volatility. Foreign currency assets were the main downward contributor, gold holdings rose, and both Special Drawing Rights and India's IMF reserve position recorded small declines, identifying RBI market operations and revaluation of non US currency holdings as the proximate causes of the weekly fluctuation. en-us Fri, 17 Jan 2025 17:16:03 +0530 Fri, 17 Jan 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30588 A decline in foreign exchange reserves occurred in the reporting week, driven by valuation effects and active central bank intervention in the forex market to dampen rupee volatility. Foreign currency assets were the main downward contributor, gold holdings rose, and both Special Drawing Rights and India's IMF reserve position recorded small declines, identifying RBI market operations and revaluation of non US currency holdings as the proximate causes of the weekly fluctuation. News - Fri, 17 Jan 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=30588