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India Forex Reserves
India's forex reserves jumped by USD 1.08 billion to USD 676.237 billion during the week ended July 17, according to the RBI data released on Friday. In the previous reporting week, the overall forex kitty had jumped by USD 964 million to USD 675.157 billion. Forex reserves had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals starting May 11 to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended July 17, foreign currency assets, a major component of the reserves, increased by USD 4.549 billion to USD 551.057 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency
India's forex reserves dropped USD 711 million to USD 681.610 billion during the week ended June 5 due to a sharp decline in foreign currency reserves, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped USD 938 million to USD 682.321 billion. For the week ended June 5, foreign currency assets -- a major component of the reserves -- was down USD 2.704 billion to USD 543.444 billion, the data released by the Reserve Bank of India (RBI) showed. Expressed in dollar terms, foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. However, the value of gold reserves increased USD 1.975 billion to USD 114.575 billion during the week, the RBI said. The special drawing rights (SDRs) were up USD 18 million to USD 18.765 billion, the RBI said. India's reserve position with the IMF stood at USD 4.826 billion in the reporting week, it added.
India's forex reserves jumped USD 5.543 billion to USD 692.576 billion during the week ended November 14 due to a steep increase in the value of gold reserves, the RBI said on Friday. The overall reserves had dropped by USD 2.699 billion to USD 687.034 billion in the previous reporting week. For the week ended November 14, foreign currency assets, a major component of the reserves, increased by USD 152 million to USD 562.29 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. Value of the gold reserves jumped by USD 5.327 billion to USD 106.857 billion during the week, the RBI said. The Special Drawing Rights (SDRs) grew by USD 56 million to USD 18.65 billion, the apex bank said. India's reserve position with the IMF increased by USD 8 million to USD 4.779 billion in the reporting week, the apex bank
India's forex reserves rose by USD 2.703 billion to USD 698.192 billion during the week ended July 25, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped USD 1.183 billion to USD 695.489 billion. For the week ended July 25, foreign currency assets, a major component of the reserves, increased by USD 1.316 billion to USD 588.926 billion, the data 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 grew by USD 1.206 billion to USD 85.704 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 126 million to USD 18.809 billion, the apex bank said. India's reserve position with the IMF was higher by USD 55 million at USD 4.753 billion in the reporting week, the RBI data showed.