Page 2 - Foreign Reserves

Rupee depriciates 5 paise to 83.01 against US dollar in early trade

The rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened at 82.96 against the dollar and touched an early low of 83.01 and a high of 82.95 in initial trade. On Thursday, the rupee settled on a flat note at 82.96 against the US dollar, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation. "The RBI kept rates on hold in its MPC meeting held on Thursday and also did not give any indication of when it will be able to cut rates prompting a fall in equity markets. It said that it cannot give any forward guidance leaving everyone guessing on the timing of the rate cycle," Anil Kumar Bhansali, Head of Treasury and Executiv

Foreign exchange reserves rise by $9 bn in week to 20-month high at $616 bn

Gold reserves rose by $446 million in the previous week, whereas Special Drawing Rights (SDRs) increased by $135 million

Master Direction part of Initiative for forex market risk management: Das

India's foreign reserves rise by $6 billion

Reserve Bank of India net sells $1.5 billion foreign currency in September

In the second quarter of the current financial year, the RBI purchased a net total of $1.9 billion of foreign currency, against $33.7 billion in the second quarter of the previous financial year

RBI deploys 81.43% of foreign currency assets in overseas securities

The share of money kept in deposits with other central banks and the Bank for International Settlement (BIS) declined to 13.49 per cent at the end of September from 14.82 per cent at the end of March

Large banks preparing for maturity of RBI's $5 billion forex swap

The $5 billion dollar/rupee swap that the Reserve Bank of India undertook in April 2022 will mature on Monday, meaning $5 billion can potentially be taken out of the banking system

Forex reserves drop $1.98 bn to $607 bn for week ended July 21: 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

Pakistan's foreign reserves continue to decline due to loan repayment

In its weekly bulletin, the SBP said its reserves decreased by $74 million due to external debt repayment

India's foreign exchange reserves at 11-week low, down for third week

In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17

Forex reserves at a three-month high; $11 billion added in a week

Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases

Forex reserves likely to show revaluation gains now, say analysts

RBI said to have been actively buying dollars for the past couple of weeks, say currency traders

IMF should issue new reserves to help countries tackle crises: Civil groups

The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping crises, 140 civil society groups said in a letter

World currency reserves shrink by $1 trn this yr in record drawdown

Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003

Top Headlines: Global trade growth forecast; world currency reserves shrink

India's merchandise exports could face major headwinds next year with the WTO slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent

67% of fall in forex reserves due to valuation changes: RBI governor Das

Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility

What is a currency swap?

India has extended the duration of the $400 million currency swap facility extended to Sri Lanka, which is in dire straits. But what exactly is currency swap? This report offers an insight

What is a reserve currency?

Supply-chain disruption, inflation and market uncertainty had forced investors to rush for 'safe haven' currency, the US dollar. It is the world's reserve currency. What exactly is reserve currency?

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market

Why Russia stares at first foreign default in a century?

Russia's war is now taking a turn for the worse. A host of sanctions has pushed it to the cusp of Russia's first default on foreign debt since the Bolshevik Revolution over a century ago. Find out mor

India to provide additional $500-mn assistance to Sri Lanka for fuel

Meanwhile China, whose large loans and investments to the island nation led to allegations of debt diplomacy, has said it will provide "emergency humanitarian assistance" to Colombo