Oct 21 , 2023

India Ranks 4th in Global Forex Reserves: Q3 2023 Insights

By True Scoop

India Secures 4th Place: Forex Reserves Reach $586 Billion in Q3 2023

China Leads: Highest Forex Reserves at $3.1 Trillion in Q2 2023

India’s Q2 Reserves: $595 Billion, Comprising Currency, Gold, SDRs, and IMF Position

Forex Reserve Components: Gold at $43.7 Billion, SDRs Down by $101 Million

RBI Intervention: Rupee Stabilized, Trading at 83.177 Against the Dollar in Q3

RBI Governor’s Assurance: India’s Forex Reserves Sizeable and Comfortable

Historical High: India’s Forex Reserves Hit $642.4 Billion in September 2021

Global Pressure: RBI Intervenes Amidst Challenges in Global Markets

Rupee’s Journey: From 82.098 in Q2 to 83.177 Against the Dollar in Q3

Steady Outlook: India’s Forex Reserves Reflect Economic Stability Amid Volatility

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