Page 13 - Forex Reserves

India's forex reserves down by $1.34 billion to $641.113 billion

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

Forex reserves rise $8.895 billion to record high of $642.453 billion

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

Forex reserves surge $16.6 billion to record high of $633.5 billion

India's forex kitty had declined by USD 2.47 billion to USD 616.895 billion in the previous week ended August 20, 2021

US normal coinciding with RBI tightening on inflation worrying: Acharya

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 forex reserves decline $2.10 billion to $619.365 billion

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'

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.

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.

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.

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.

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 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 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

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

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

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

Using reserves: When, if not now?

India continues to be in urgent need of various supplies to deal with Covid-19

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

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).