Gold Silver Reports (GSR) – In the previous week, the reserves had surged by $1.828 billion to $424.366 billion. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating. In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $657.7 million to $399.776 billion.
Currencies
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Rupee Rebounds From Five-Month Low Against U.S. Dollar
Gold Silver Reports (GSR) – Rupee Rebounds From Five-Month Low Against U.S. Dollar – After opening higher, the rupee shed 3 paise to 65.29 against the U.S. dollar in early trade today despite better-than-expected inflation numbers released yesterday.
Rupee Weakens Against U.S. Dollar
Rupee Weakens Against U.S. Dollar — Rupee opened lower at 65.33 per dollar against U.S. dollar against yesterday’s close of 65.30.
China Foreign Reserves Rise on Yuan Gains
Gold Silver Reports (GSR) – Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate survey of economists. The March figure marks a turnaround after falling in February for the first time in 13 months. The State Administration of Foreign Exchange expects the country’s foreign reserves will remain stable.
Rupee Opens Higher Against U.S. Dollar
Gold Silver Reports (GSR Team) — Rupee Opens Higher Against U.S. Dollar — Rupee opened higher at 65.08 versus U.S. dollar against its previous close of 65.18. …
Rupee Gains Against U.S. Dollar
Rupee Gains Against U.S. Dollar — Rupee opened higher at 64.88 per dollar against yesterday’s close of 64.97.
Rupee Hits 1-Month High Against U.S. Dollar
Gold Silver Reports (GSR) – Rupee Hits 1-Month High Against U.S. Dollar – Rupee rose as much as 0.17 percent to hit one-month high of 64.75 against …