India's foreign exchange (forex) reserves dipped by $2.59 billion in the week ended March 18, recording a sharp drop for the second consecutive week
The overall reserves had increased by USD 2.762 billion to USD 632.952 billion in the previous reporting week
The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan
Gold reserves rose by USD 726 million to USD 39.77 billion in the reporting week
"If we fail to control our spending, there will be a foreign exchange problem in the near future," Rajapaksa 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
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
India's foreign exchange reserves inched lower by $77 million during the week ended December 10.
India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday.
The country's foreign exchange reserves declined by USD 2.713 billion to USD 637.687 billion in the week to November 26, RBI data showed. In the previous week ended November 19, the reserves had increased by USD 289 million to USD 640.401 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021. In the reporting week ended November 26, the dip in the foreign exchange reserves was on account of a decline in foreign currency assets (FCA), a major component of the overall reserves and gold reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed. FCA dropped by USD 1.048 billion to USD 574.664 billion in the reporting week, the data 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 were down by USD 1.566 billion to USD 38.825 billion in the reporting week, the data .
The country's foreign exchange reserves declined by $763 million to $640.112 billion in the week ended November 12, RBI data showed
India's forex reserves decreased by USD 1.145 billion to USD 640.874 billion for the week ended on November 5 on a fall in currency and gold assets, the Reserve Bank said on Friday. The overall reserves had increased by USD 1.919 billion to USD 642.019 billion for the previous reporting week. Foreign currency assets, a major part of the overall reserves, decreased by USD 881 million to USD 577.581 billion for the reporting week, the RBI said in the weekly data. 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. Value of the gold reserves decreased by USD 234 million to USD 38.778 billion in the reporting week, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) decreased by USD 17 million to USD 19.287 billion. The country's reserve position with the IMF decreased by USD 14 million to USD 5.228 billion
FCA declined by USD 853 million to USD 577.098 billion in the reporting week, the data showed
Gold reserves were up by USD 464 million to USD 38.022 billion in the reporting week.
The country's foreign exchange reserves declined by $997 million to reach $638.646 billion in the week ended September 24, RBI data showed on Friday
After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data
The country's foreign exchange reserves increased by $8.895 billion to reach a record high of $642.453 billion in the week ended September 3, RBI data showed
India's forex kitty had declined by USD 2.47 billion to USD 616.895 billion in the previous week ended August 20, 2021
Former RBI Deputy Governor Viral Acharya on Wednesday said he is worried about US tapering coinciding with RBI's rate tightening, and warned that barring high forex reserves
India's foreign exchange reserves decreased by USD 2.099 billion to stand at USD 619.365 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI data showed on Friday. The forex kitty had increased by USD 889 million to a lifetime high of USD 621.464 billion in the previous reporting week. Foreign currency assets (FCAs), a major component of the overall reserves, decreased by USD 1.358 billion to USD 576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India (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. Value of the gold reserves declined for the second consecutive week, dropping USD 720 million to USD 36.336 billion, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 7 million to USD 1.544 billion. The country'