Foreign Exchange Reserve

India's foreign exchange reserves drop $11.68 billion to $716.81 billion

India's forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion. For the week ended March 6, foreign currency assets, a major component of the reserves, decreased by USD 9.880 billion to USD 563.245 billion, according to data released by the central bank. Expressed in dollar terms, the 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. The value of the gold reserves declined by USD 1.612 billion to USD 130.017 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 146 million to USD 18.720 billion. India's reserve position with the IMF also fell USD 45 million to USD 4.828 billion in the reporting week, according to data.

India's forex exchange reserves drop $2.1 billion to $723.6 billion

India's forex reserves dropped by USD 2.119 billion to USD 723.608 billion during the week ended February 20, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 8.663 billion to a new all-time high of USD 725.727 billion. For the week ended February 20, foreign currency assets, a major component of the reserves, decreased by USD 1.039 billion to USD 572.564 billion, the data released by the central bank showed. Expressed in dollar terms, the 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. Value of the gold reserves dropped by USD 977 million to USD 127.489 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 84 million to USD 18.84 billion, the apex bank said. India's reserve position with the IMF was also down by USD 18 million to USD 4.716 billion in the reporting week, according to

RBI, money creation, and govt finances: Why non-bank debt will matter ahead

Large transfers and bond buys by the Reserve Bank of India have supported fiscal maths and liquidity; sustaining this when inflation or capital flows shift may prove harder

The forex chest's swell: Valuation gains to lift India's reserves

But when capital flows are volatile, as has happened this financial year, even financing a low CAD can become challenging and put pressure on the currency

India's software exports race ahead, but listed IT firms fall behind

India's software exports rose 12.7% in FY25, yet listed IT groups saw only 3.8% growth, with market share slipping as unlisted firms and GCCs expand faster

Rupee sinks to record low on strong dollar demand and tariff concerns

The rupee fell to 88.44 per dollar, its lowest ever, amid strong importer demand and tariff worries, even as RBI intervened to contain volatility in the forex market

RBI net sells $3.6 bn in Jun, net short dollar position dips to $60.39 bn

The RBI reversed its forex stance in June with $3.6 bn net sales, while rupee's REER stayed flat and forward dollar short positions dropped further to $60.39 bn

RBI bulletin: India's economic activity 'resilient' amid global flux

Trade policy outcomes in July, after the temporary tariff hiatus is over, and the future course of geopolitical events would likely shape the medium-term economic prospects

Forex reserves hit 7-month high of $690.6 billion, gold up $4.5 billion

India's forex reserves rise by $4.5 billion to a seven-month high of $690.6 billion, driven largely by gold valuation gains amid continued rupee volatility

Forex interventions proven to mitigate capital flow volatility: RBI report

It examined the effectiveness of the RBI's forex interventions and found that the primary driver of exchange rate volatility in India is the fluctuation in portfolio flows caused by global spillovers

India's foreign exchange reserves decline by $1.9 bn to almost 6 month low

The reserves stood at $655 billion in the week ended December 6, having declined by $3.2 billion during that week

Forex reserves drop $1.31 bn to $656.5 bn as of November 22, says RBI

India's forex reserves dropped USD 1.31 billion to USD 656.582 billion for the week ended November 22, the Reserve Bank of India (RBI) said. The kitty had dropped a record USD 17.761 billion to USD 657.892 billion in the previous reporting week ending November 15. The reserves, which had hit an all-time high of USD 704.885 billion in end-September, have been declining for multiple weeks, at a time when the rupee has also been under pressure. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was 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 USD 1.828 billion to USD 67.573 billion during the week, the RBI said. The special drawing rights (SDRs) were down USD 79 million to USD

Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low

The previous highest weekly fall in foreign exchange reserves was $15.5 billion, recorded for the week ended October 24, 2008, during the global financial crisis

Forex reserves slide for fifth week to more than 2-month low at $682 bn

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

Foreign exchange reserves hit fresh high, inch closer to $700 billion

The previous record of $689 billion was hit in the week ended September 13. The total reserves rose on the back of an increase in foreign currency assets which rose by $2.05 billion during the week

Govt to allow 35% bio-bitumen mixing, saving Rs 10,000 cr in forex outflows

Union Road Transport Minister Nitin Gadkari on Wednesday said the government will allow mixing of lignin up to 35 per cent in petroleum-based bitumen, a large part of which is imported from other countries. Bitumen is a black substance produced through the distillation of crude oil and is widely used for making roads and roofs. "We have the largest road network in the world. 90 per cent of roads are using bituminous layers. Bitumen consumption in 2023-24 was 88 lakh tonnes. In 2024-25 it is expected to be 100 lakh tonnes. 50 per cent of the bitumen is imported. And annual import cost is Rs 25,000-30,000 crore," Gadkari said while replying to questions in Rajya Sabha. The minister said the farmers are now not only producing foodgrains but they have become energy producers. Central Road Research Institute (CRRI) and the Indian Institute of Petroleum, Dehradun, had developed bio-bitumen from paddy straw. The minister expressed concern that there is a problem of air pollution in Delhi

Rupee up 5 paise from all-time low to 83.65 against dollar in early trade

The rupee recovered from its all-time low level and appreciated by 5 paise to 83.65 against the US dollar in early trade on Monday, as the American currency retreated from its elevated level. Forex traders said foreign fund inflows and possible intervention by the Reserve Bank of India (RBI) supported the rupee at lower levels and restricted the downfall. At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early high of 83.65, registering a gain of 5 paise from its previous close. On Friday, the rupee depreciated 7 paise to settle at its all-time low of 83.70 against the US dollar. "A weakening dollar -- prompted by shifts in the macroeconomic landscape and emerging cracks in US economic data -- caused the dollar index to dip to 104. This scenario saw emerging market currencies rising against the dollar," CR Forex Advisors MD Amit Pabari said. However, despite these rupee-supporting factors, the Indian currency hasn't appreciated significantly,

What are Japan's tactics based on latest suspected forex intervention?

The yen had languished at 38-year lows past 160 per dollar before the suspected bout of intervention making policymakers increasingly worried

India's foreign exchange reserves hit new record high of $657 billion

Economists said that reserves rose due to a combination of revaluation and inflows. Forex reserves fell by $1.71 billion to $652 billion during the week ended June 28

Forex reserves snaps three-week gaining streak, ease from record high

The reserves fell by $2 billion in that week, after rising by a total of $10.8 billion in the previous three weeks