Forex Reserves Surge

Forex reserves increase $591 million to $616.7 billion, shows RBI data

India's forex reserves increased USD 591 million to USD 616.733 billion for the week ended January 26, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had dropped USD 2.795 billion to USD 616.143 billion. The country's forex kitty had reached an all-time high of USD 645 billion in October 2021. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended January 26, the foreign currency assets, a major component of the reserves, increased USD 289 million to USD 546.144 billion, the data said. 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 269 million to USD 47.481 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 27

Forex reserves increase by $1.153 bn to $585.895 bn, shows RBI data

After multiple weeks of decline, India's forex reserves increased by USD 1.153 billion to USD 585.895 billion during the week ended October 13, according to the RBI data. In the previous reporting week, the overall reserves had dropped by USD 2.166 billion to USD 584.742 billion. In October 2021, the country's forex kitty reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended October 13, the foreign currency assets, a major component of the reserves, decreased by USD 178 million to USD 519.351 billion, according to the 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 were up by USD 1.268 billion to USD 43.575 billion

Improved forex reserve provided policymakers room for manoeuvre: BIS report

India's improved forex reserve adequacy helped maintain investor confidence and improved policymakers' room for manoeuvre, said a report prepared by Bank for International Settlements (BIS). India maintained forex reserve upwards of USD 550 billion during most of 2022. BIS is an international financial institution which is owned by member central banks with primary goal to foster international monetary and financial cooperation. "Several members noted that the development of deeper and more liquid FX markets in the past facilitated efficient price discovery during 2022 and reduced the need for FX interventions or capital flow measures (CFMs) (including China, Indonesia and Malaysia)," the report said. In addition, minimum hedging requirements on corporates' net liability exposure in the past helped build firms' resilience and also mitigated the need for (or intensity of) an ex-post policy response in 2022, the report titled 'Inflation, external financial conditions and macro-financ

Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn

Fall in US dollar index seen providing revaluation boost to RBI reserves

Afghanistan receives $40 mn humanitarian aid in cash, forex reserve soars

Afghanistan has received $40 million in cash as humanitarian aid, the Da Afghanistan Bank (DAB), the country's central bank, said in a statement

Forex reserves increase by $169 mn to $583.865 bn, RBI data shows

The country's foreign exchange reserves increased by USD 169 million to USD 583.865 billion in the week ended February 19, RBI data showed

Forex reserves up by $3.378 bn to lifetime high of $545.038 bn: RBI

Gold reserves were down by $580 million in the reporting week to $37.440 billion

Forex reserves at record high of $454.49 bn as foreign currency assets rise

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

Forex reserves up by $3.5 bn to a new lifetime high of $446 billion

In the previous week, the reserves had increased by $1.832 billion to $442.583 billion

Forex reserves surges by $4.24 bn to touch a record high of $437.83 bn

In the previous week, the reserves had surged by massive USD 5.02 billion to USD 433.59 billion

Forex reserves rise to $397.35 bn due to core currency assets, gold value

The overall kitty had swelled by $2.68 billion to $396.084 billion in the previous reporting week

Forex reserves at life-time high of $424 bn as foreign currency assets rise

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion

Forex kitty continues to scale new peaks, touches $414.78 bn: RBI data

Gold reserves remained unchanged at $20.421 bn

Forex reserves surge by $1.76 bn, scale new high of $411.124 bn: RBI

The reserves had crossed the $400-billion mark for the first time in the week to September 8, 2017