Sunday, July 1, 2018

Rupee's Fall Halts. What Led To Currency's Decline. Five Things To Know

The Indian rupee, which strengthened 5.96 per cent against the US dollar last year, has been on a general downtrend since April this year.

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India Becomes 4th Largest Forex Holder As Reserves Rise To $785.7 Billion

The sharp rise in the latest week was driven primarily by an increase in foreign currency assets, the largest component of reserves.