Foreign Exchange Reserves
India's forex reserves rise by $10 billion on inflows, revaluation
Foreign currency assets increased due to inflows and revaluation as the dollar weakened over the week, said market participants
India's forex kitty jumps sharpest in 2 yrs, rises $15.26 bn to $653.96 bn
In the sharpest jump in over two years, the country's foreign exchange reserves increased by USD 15.267 billion to USD 653.966 billion during the week ended March 7, the RBI has said. The overall reserves had dropped by USD 1.781 billion to USD 638.698 billion in the previous week. The reserves had been 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 at end-September 2024. The sharp rise during the week under review is being attributed to the USD 10 billion forex swap undertaken by the central bank on February 28, when it bought dollars against rupee to inject liquidity in the system. During the week, foreign currency assets, a major component of the reserves, increased by USD 13.993 billion to USD 557.282 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the eff
India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low
Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million
India's foreign exchange reserves decline to 5-month low of $654.8 billion
The RBI is expected to have sold net dollars worth $61.1 billion to protect the domestic currency
Forex reserves drop by $3.23 bn to $654.85 bn for week ended on Dec 6
India's forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by USD 1.51 billion to USD 658.091 billion, ending a multi-week decline in the overall kitty. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended December 6, foreign currency assets, a major component of the reserves, decreased by USD 3.228 billion to USD 565.623 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 decreased by USD 43 million to USD 66.936 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 25 million to USD 18.031 billion, the apex bank said. India's reserve position with the IMF was also
India's foreign exchange reserves drop $29 billion in the past six weeks
The week ended Nov 15 saw a decline of $6.48 billion, largely due to foreign investment outflows and a decline in the value of gold assets
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
Growing strong: 60% gold reserves held domestically, shows RBI data
In the last five years, RBI gold reserves have increased from 618 metric tonnes to 854 metric tonnes
Everyone wants to do business with India due to strong fundamentals: Goyal
Commerce and Industry Minister Piyush Goyal on Friday said the entire world wants to do business with India today as the country's fundamentals are strong. He said that inflation is under control, foreign exchange reserves crossed USD 700 billion and the country is recording healthy economic growth rates. He added that India is also the most preferred investment destination. "John Chambers mentioned to me 2-3 days ago that there is USD 3 trillion (money) looking for investment avenues and there is no better destination than India for that money. The former Cisco boss offered his services as India's brand Ambassador to the world. That is India today," Goyal said at an event here. Further, he said that the world is looking at India as a trusted partner. "We are now the envy of the world and the entire world wants to do business with India," he said.
India's foreign exchange reserves rise by $4.54 billion to $674.66 billion
Gold reserves rose by $865 million during the week, while Special Drawing Rights (SDRs) increased by $60 million
India's foreign exchange reserves hit new high of $675 billion: RBI data
India's reserve position with the IMF rose by $8 million to $4.62 billion in the previous week
India's foreign exchange reserves jump about $10 bn on JPMorgan bond move
Foreign investors have poured money into India's markets this year as they look for alternatives to Chinese equities and after JPMorgan announced the inclusion of India's bonds into its key index
India's foreign exchange reserve hits new high of $655.81 billion
Foreign exchange market participants said that the RBI has been absorbing the foreign inflows, which led to the rise in foreign currency assets
India's foreign exchange reserves jump $2.56 billion to $644.15 billion
India's forex reserves jumped USD 2.561 billion to USD 644.151 billion for the week ended May 10, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the kitty had increased USD 3.668 billion to USD 641.59 billion after three consecutive weeks of decline. For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion following multiple weeks of rise. For the week ended May 10, the foreign currency assets, a major component of the reserves, increased by USD 1.488 billion to USD 565.648 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 USD 1.072 billion to USD 55.952 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 5 million to USD 18.056 billion, the apex bank said. India's reserve posi
Forex reserves jump by $3.66 billion to $641.59 billion, shows RBI data
After three consecutive weeks of drop, India's forex reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday. The overall kitty dropped USD 2.412 billion to USD 637.922 billion for the previous week ended April 26. For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, following multiple weeks of increases after breaching the previous high of September 2021 in March this year. For the week ended May 3, the foreign currency assets, a major component of the reserves, increased by USD 4.459 billion to USD 564.161 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 decreased by USD 653 million to USD 54.88 billion during the week, the Reserve Bank of India said. The Special Drawing Rights (SDRs) were u
RBI's forex intervention eases as conditions turn favourable for rupee
India's current account will wing to a surplus in the March quarter, economists said
Foreign exchange reserves drop to six-week low at $640.33 billion
For the week to which the foreign exchange data pertains, the rupee had fallen to a lifetime low of 83.5750 to the dollar but logged marginal weekly losses
India's foreign exchange reserves hit fresh peak of $648.56 billion
In the current calendar year, the reserves have expanded by 23 billion so far. As of 29 December 2023, India's foreign exchange reserves amounted to $623 billion
India's forex kitty jumps $2.9 billion to new high of $645.6 billion
Das says confident of meeting external financing requirements
Foreign exchange derivatives market in a fix before new RBI rules
Average daily turnover may decline further; Rupee slips to fresh low vs Dollar
