Page 3 - Foreign Exchange Reserve

Foreign exchange reserves jump by $7.2 bn to $595.98 bn, says RBI

India's foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion in the week ended on May 5, the Reserve Bank of India said on Friday. The overall reserves had dropped by USD 4.532 billion to USD 588.78 billion in the previous reporting week. In October 2021, the country's forex reserve had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments. During the week ended on May 5, the foreign currency assets, a major component of the reserves, increased by nearly USD 6.536 billion to USD 526.021 billion, according to the latest 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 increased by USD 659 million to USD 46.315 billion, the

Foreign exchange reserves jump to 9-month high to $584.76 bn: RBI data

That is an increase of $6.3 billion from the previous week

Delhi HC seeks RBI response on implementation of Uniform Banking Code

Court also asks Centre to file a reply in the case in six weeks; next hearing on March 20

Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn

The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks

Rupee loses 10% vs USD over a year, FX reserves fall to near 2-yr low

The rupee has depreciated 9.7 per cent against the dollar since September 2021

RBI releases 'alert list' of 34 entities barred from forex trades

List not exhaustive, must not assume those not on it are authorised for such trades

RBI support pulls rupee up from fresh lows, helps currency recoup losses

Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit

Pak forex reserves fall to lowest since 2019 due to increased debt: Report

Data by the State Bank of Pakistan said that country's foreign reserves have dropped by $555 mn or 6.6% on a weekly basis due to increased debt payments and a lack of external financing this month.

Pakistan central bank says FX reserves have fallen by $754 mn to $8.57 bn

"During the week ended on 22-Jul-2022, SBP's reserves decreased by US$ 754 million to US$ 8,575.1 million due to external debt and other payments," the central bank said

Economy a cause of worry as foreign exchange reserves deplete: Congress

"The government is actually fueling the rise of inflation by its wrong policies, especially through high taxes on petrol and diesel, high administered prices and high GST tax rates," Chidambaram said

Future of Laos, its fiscal stability, hinges greatly on China: Expert

Moody's and Fitch credit rating agencies both downgraded Laos' sovereign ratings last year in response to the nominally communist country's escalating public debt, declining foreign exchange reserves

Unfair charge

India is not using currency to gain unfair advantage

RBI remains net purchaser of US dollar in October, buys $15.64 bn

The Reserve Bank of India (RBI) remained a net purchaser of the US currency in October as it bought $15.64 billion from the spot market

India's forex reserves climb $1.27 bn to record peak of $517.64 bn

Gold reserves were up by $13 million to $34.743 billion, as per the data

Foreign exchange reserves reach life-time high of $466.69 billion

In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion

RBI ranked sixth among central banks in buying gold abroad

RBI was a modest player in buying gold abroad compared to other major central banks, adding to its reserve in October after a gap of five months

India's foreign exchange reserves at $369 billion

Foreign currency assets stood at $344.07 bn, gold at $21.64 bn, special drawing rights at $1.49 bn and the reserve position in IMF at $2.39 bn