Forex Reserves Surge

India's forex reserves jumped USD 4.698 billion to USD 702.966 billion for the week ended September 12, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had increased USD 4.038 billion to USD 698.268 billion. The overall reserves had jumped USD 3.51 billion to USD 694.23 billion. For the week ended September 5, foreign currency assets, a major component of the reserves, increased USD 2.537 billion to USD 587.014 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves increased USD 2.12 billion to USD 92.419 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 32 million to USD 18.773 billion, the apex bank said. India's reserve position with the IMF was up by USD 9 million at USD 4.76 billion in the report

India's forex kitty jumped USD 6.596 billion to USD 665.396 billion during the week ended March 28, the RBI said on Friday. In the previous reporting week, the overall reserves rose by USD 4.529 billion to USD 658.8 billion, the RBI said on Friday. This is the fourth consecutive week of increase in the reserve, which was on a declining trend recently due to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September 2024. For the week ended March 28, foreign currency assets, a major component of the reserves, increased by USD 6.158 billion to USD 565.014 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 519 million to USD 77.793 billion du

India's forex reserves rose USD 1.05 billion to USD 630.607 billion for the week ended January 31, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 5.574 billion to USD 629.557 billion. This is the second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September 2024. For the week ended January 31, foreign currency assets, a major component of the reserves, decreased by USD 207 million to USD 537.684 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.242 billion t

India's forex reserves increased USD 591 million to USD 616.733 billion for the week ended January 26, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had dropped USD 2.795 billion to USD 616.143 billion. The country's forex kitty had reached an all-time high of USD 645 billion in October 2021. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended January 26, the foreign currency assets, a major component of the reserves, increased USD 289 million to USD 546.144 billion, the data said. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves increased USD 269 million to USD 47.481 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 27

After multiple weeks of decline, India's forex reserves increased by USD 1.153 billion to USD 585.895 billion during the week ended October 13, according to the RBI data. In the previous reporting week, the overall reserves had dropped by USD 2.166 billion to USD 584.742 billion. In October 2021, the country's forex kitty reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended October 13, the foreign currency assets, a major component of the reserves, decreased by USD 178 million to USD 519.351 billion, according to the Weekly Statistical Supplement released by the RBI. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves were up by USD 1.268 billion to USD 43.575 billion

India's improved forex reserve adequacy helped maintain investor confidence and improved policymakers' room for manoeuvre, said a report prepared by Bank for International Settlements (BIS). India maintained forex reserve upwards of USD 550 billion during most of 2022. BIS is an international financial institution which is owned by member central banks with primary goal to foster international monetary and financial cooperation. "Several members noted that the development of deeper and more liquid FX markets in the past facilitated efficient price discovery during 2022 and reduced the need for FX interventions or capital flow measures (CFMs) (including China, Indonesia and Malaysia)," the report said. In addition, minimum hedging requirements on corporates' net liability exposure in the past helped build firms' resilience and also mitigated the need for (or intensity of) an ex-post policy response in 2022, the report titled 'Inflation, external financial conditions and macro-financ

Fall in US dollar index seen providing revaluation boost to RBI reserves

Afghanistan has received $40 million in cash as humanitarian aid, the Da Afghanistan Bank (DAB), the country's central bank, said in a statement

The country's foreign exchange reserves increased by USD 169 million to USD 583.865 billion in the week ended February 19, RBI data showed

Gold reserves were down by $580 million in the reporting week to $37.440 billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

In the previous week, the reserves had increased by $1.832 billion to $442.583 billion

In the previous week, the reserves had surged by massive USD 5.02 billion to USD 433.59 billion

The overall kitty had swelled by $2.68 billion to $396.084 billion in the previous reporting week

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion

Gold reserves remained unchanged at $20.421 bn

The reserves had crossed the $400-billion mark for the first time in the week to September 8, 2017