Gold reserves declined by USD 246 million to USD 43.781 billion. At the start of last year 2022, the overall forex reserves were at about USD 633 billion.
India and Pakistan s tussle against each other has been a story of arch rivalry. Recently, when India refused to travel to Pakistan for the next Asia Cup series, Pakistan Cricket Board s chief Ramiz Raza gave absurd comparisons quoting India vs Pakistan s recent matches. Raza reportedly said that Pakistan defeated the billion-dollar industry twice in a year. So, since Ramiz Raza is out there comparing the recent performance of India vs Pakistan which is 2-2 in the last four games, let s look at some other aspects of how the two nations are performing on key indicators:
This week, the Indian currency is expected to range between 81 to 83 per dollar as the dollar is expected to gain momentum. Also, manufacturing and services PMI data of major economies will likely sway sentiment in the current week.
Forex reserve or foreign currency reserves include cash (foreign currency) and other assets like gold that are held by the central banks of any country or other financial institutions.
India's foreign exchange reserves rose to $532.87 billion in the week through October 7, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.