Home
>
News
>
Other Markets
>
inr remained one of least volatile major currencies during dec 24 says rbi

Inr Remained One Of Least Volatile Major Currencies During Dec-24 Says Rbi

20-Jan-25 12:24 Hrs IST

Reserve Bank of India or RBI stated in a latest monthly update that the strengthening US dollar exerted depreciating pressures on EME currencies in December 2024, leading to a depreciation of 0.7 per cent (m-o-m) in the Indian rupee (INR) during December 2024. Nevertheless, the INR remained one of the least volatile major currencies during the month. The INR depreciated by 0.9 per cent (m-o-m) in terms of the 40-currency real effective exchange rate (REER) in December 2024, majorly on account of negative relative price differentials. India's foreign exchange reserves stood at US$ 634.6 billion as on January 3, 2025, providing cover for about 11 months of imports or about 90 per cent of external debt outstanding at end-September.

Powered by Capital Market - Live News

Invest with clarity

on Chola Securities Mobile & Web App.

Stay organised, informed & in control while accessing your portfolio, reports, trading tools and service requests—all in one seamless platform.

Download the app now → The new app is listed as Chola Securities- Prime Access on App store & Google Play.
Also available on Web, Click to explore