Foreign Exchange Reserves

India's foreign exchange reserves fall by $5.6 bn as gold reserves decrease

The reserves had hit a record high of $705 billion in September 2024

India's foreign exchange reserves increase by $396 million to $702 billion

The reserves had hit a record high of $705 billion in September 2024

India's foreign exchange reserves rise by $4.7 billion to $693 billion

India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings

Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI

India posted a $13.5 billion current account surplus in Q4FY25, the first in three quarters, aided by strong services exports and a decline in primary income outflows

RBI sells $34.5 bn in FY25, highest since global financial crisis

RBI net sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government

US remittance tax plan raises discrimination concerns for overseas Indians

The bill proposes the levy on all cross-border remittances made by non-citizens, including H-1B, L-1, and F-1 visa holders, as well as green card holders

RBI adds 58 metric tonnes of gold in FY25; share in reserves nears 12%

RBI added nearly 58 tonnes of gold in FY25, with most stored abroad; gold now accounts for close to 12 per cent of total foreign exchange reserves

India's foreign exchange reserves rise by $8 billion to six-month high

The reserves had hit a record high of $705 billion in September 2024

Forex reserves rise for sixth straight week, up $1.56 bn to $677.83 bn

India's forex reserves increased by USD 1.567 billion to USD 677.835 billion for the week ended April 11, the Reserve Bank said on Friday. This is the sixth consecutive week of a rise in the kitty. The overall reserves jumped by USD 10.872 billion to USD 676.268 billion in the previous reporting week ended April 4. The forex reserves touched an all-time high of USD 704.885 billion in September 2024. For the week ended April 11, foreign currency assets, a major component of the reserves, rose by USD 892 million to USD 574.98 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 surged by USD 638 million to USD 79.997 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 6 million at USD 18.356 billion, the apex bank said. India's reserve position with the

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