India's foreign exchange reserves fell for the fifth consecutive week to a 10-month low of $634.59 billion as of Jan. 3, data from the Reserve Bank of India (RBI) showed on Friday.

India's forex reserves hit 10-month low to $634.5 billion after rupee falls to record low of 86.04 against US dollar

India's foreign exchange reserves decreased to $634.59 billion as of the week ending January 3, 2025. The main reason for this drop was a decrease in Foreign Currency Assets by $6.4 billion to $545.47 billion.

The Indian rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched U.S. labour market data, keeping regional currencies on the defensive.

The rupee depreciated 9 paise to hit its record low of 85.83 against the US dollar in early trade on Wednesday as strengthening American currency and higher crude oil prices continued to play spoilsports even as the government lowered the country's economic growth projection.

By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) -Tata Consultancy Services, India's largest software company, posted a smaller-than-expected third-quarter revenue on Thursday as its key North America market underperformed for the fifth consecutive quarter.

Results: Tata Consultancy Services (TCS) reported a revenue of Rs 63,973 crore in constant currency terms for Q3 FY 2025, a 5.6% growth from Rs 60,583 crore reported in the previous year's corresponding quarter.