Page 13 - Forex Reserves
Gadkari pitches for using RBI's rising forex reserves for infra development
Gadkari pointed out that he is talking to the World Bank, the Asian Development Bank and the New Development Bank NDB) for infrastructure funding in India, but he is not satisfied by their response.
 "Gadkari pitches for using RBI's rising forex reserves for infra development")
China's July foreign exchange reserves rise to $3.236 trillion
China held 62.64 million fine troy ounces of gold at the end of July, from 62.64 million ounces at the end-June.
 "China's July foreign exchange reserves rise to $3.236 trillion")
Foreign exchange reserves zoom to record high of $612.73 bn: RBI data
The country's foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed.
 "Foreign exchange reserves zoom to record high of $612.73 bn: RBI data")
Indian forex reserves rise by $1.88 bn to record high of $611.89 bn
The country's foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9, RBI data showed on Friday.
 "Indian forex reserves rise by $1.88 bn to record high of $611.89 bn")
Forex reserves rise by $1 billion to record high of $610 billion
Gold reserves climbed $76 million to $36.372 billion in the reporting week.
 "Forex reserves rise by $1 billion to record high of $610 billion")
Forex reserves decline $4 bn to $603.93 bn on slide in gold assets
This comes amid a fall in gold and currency assets
Forex reserves rise $3.07 billion to lifetime high of $608.08 billion
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.
 "Forex reserves rise $3.07 billion to lifetime high of $608.08 billion")
Forex has helped avert a currency run, but continuous inflow has its risks
At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks
 "Forex has helped avert a currency run, but continuous inflow has its risks")
At $605 bn, India ties with Russia as fourth largest forex reserves holder
It took just about a year for reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became RBI governor in November 2017
 "At $605 bn, India ties with Russia as fourth largest forex reserves holder")
Forex reserves surge $5.27 bn to lifetime high of $598.16 bn: RBI data
In the previous week ended May 21, 2021, the reserves had increased by $2.865 billion to $592.894 billion
India's forex reserves may have exceeded $600 billion: RBI governor
This comes on the back of robust capital flows
 "India's forex reserves may have exceeded $600 billion: RBI governor")
Forex reserves near record high, jump $563 million to $590.028 billion
The country's foreign exchange reserves rose by $563 million to reach $590.028 billion in the week ended May 14, RBI data showed on Friday
 "Forex reserves near record high, jump $563 million to $590.028 billion")
Using reserves: When, if not now?
India continues to be in urgent need of various supplies to deal with Covid-19
 "Using reserves: When, if not now?")
RBI in Impossible Trinity but ready with reserves, say economists
The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say
 "RBI in Impossible Trinity but ready with reserves, say economists")
US dollar share of global foreign exchange reserves drops to 25-year low
This is according to a recent survey by the International Monetary Fund (IMF).
 "US dollar share of global foreign exchange reserves drops to 25-year low")
Forex reserves surge by $3.91 billion to $588.02 billion: RBI data
The country's foreign exchange reserves swelled by $3.913 billion to reach $588.02 billion in the week ended April 30, 2021, RBI data showed on Friday
India's forex reserves decline by $2.98 billion to $579.28 billion
The country's foreign exchange reserves declined by USD 2.986 billion to reach USD 579.285 billion in the week ended March 26, RBI data showed on Friday. In the previous week ended March 19, the forex kitty had increased by USD 233 million to USD 582.271 billion. It had touched a record high of USD 590.185 billion in the week ended January 29, 2021. In the reporting week ended March 26, 2021, the fall in reserves was on account of a decrease in foreign currency assets (FCA), a major component of the overall reserves. FCA declined by USD 3.226 billion to USD 537.953 billion, as per 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. The gold reserves increased by USD 276 million to USD 34.907 billion in the reporting week, the RBI data showed. The special drawing rights (SDRs) with the Internationa
RBI remains net purchaser of US dollar in January, buys $2.85 bn
The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January
 "RBI remains net purchaser of US dollar in January, buys $2.85 bn")
India's forex reserves fall by $4.255 bn to $580.299 bn: RBI data
The country's foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion in the week ended March 5, according to RBI data
 "India's forex reserves fall by $4.255 bn to $580.299 bn: RBI data")
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