Page 17 - Forex Reserves

Forex reserves drop to $400.84 bn due to fall in foreign currency assets

The reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain depreciation in the rupee

RBI adds gold to forex reserves in June quarter, buys 2.5 tonnes in March

The Reserve Bank of India has added some gold to its reserves. According to the World Gold Council's trend report for the June quarter, the central bank bought 2.5 tonnes in March, following a fractional 0.3-tonne addition in December. These increases are the first since November 2009, when it bougght 200t from the International Monetary Fund, said the WGC.In April and May, there were additions by RBI of 600 kg and 900 kg. RBI's total gold holding is now 561.9t. Somasundaram P R, managing director for India at the WGC, said: "There is currently little to suggest a strategic move but it is noteworthy, given how long the level of gold reserves have been unchanged." Globally, central bank net purchases in the June quarter, the second one (Q2) of this calendar year, were seven per cent lower from the year before, at 89.4 tonnes. Net purchases over the first half (H1) of the calendar year were eight per cent more than last year, at 193.3 tonnes, said the WGC report. While the pace of ...

Forex reserves up $67.7 mn to $405.14 bn on rise in foreign currency assets

The overall forex reserves had decreased by $734.5 million to $405.075 billion in the previous reporting week

Forex reserves continue to fall; down $734.5 million to $405.07 billion

India's reserve position with the IMF also declined by $ 13 million to $ 2.476 billion

Forex reserves dip by $2.3 bn to $407.8 bn as foreign currency assets fall

Gold reserves rose by $102.9 mn to $21.331 bn in the reporting week

Foreign exchange reserves rise by $879.5 million to $413 billion: RBI

The country's reserve position with the IMF also increased by $2.3 million to $2.029 billion, the apex bank said.

Forex reserves drop by $3.22 bn to $420.37 bn due to fall in FCAs

In the previous week, the reserves had declined by USD 2.499 billion to USD 423.582 billion

Foreign exchange reserves surge to new lifetime high of $409.4 billion

RBI said surge due to massive spike in foreign currency assets, which is a key component of the reserves

Forex reserves don't work in absence of capital controls, says Acharya

In the case of Masala bonds, RBI's guidelines were more relaxed compared with ECB guidelines as the rupee-denominated bonds did not carry currency risk

Forex reserves dip by $2.59 bn to $399.66 bn: RBI data

Due to decline in foreign currency assets

India's forex reserves up by $1,782.5 million

India's reserve position with the International Monetary Fund fell by $11 million to $2.2 billion

India's forex reserves cross $400 billion

Gold's value in the total reserves was about $20.7 billion, while SDRs of the IMF stood at $1.5 billion

Forex kitty swells by $3.57 bn, closes at a record high of $400-bn mark

After remaining unchanged for many weeks, gold reserves also rose by $748.3 mn to $20.691 bn

RBI to recoup forex reserves to combat global contagion: BofAML report

The report said the rupee is expected to reach Rs 66.75/USD level by December

Forex reserve may cross $400-bn by first week of September: Morgan Stanley

The surge in the reserves is occuring on account of high inflows from overseas investors

Forex reserves up by $2.681 billion at record high of $389 billion

In the previous week, the reserves had marginally declined by $161.9 million to $386.377 billion

Forex reserves at record high of $386.53 bn

Gold reserves also increased $252.8 million to $20.348 billion

Forex reserves at new life-time high of $382.53 billion

Gold reserves remained unchanged at $20.095 billion

Forex reserves at life-time high of $379 billion

Last week, the reserves had declined by $443.6 million to $375.27 billion

Forex reserves touch record high at $372.73 bn

The reserves had gone up $1.250 billion to $371.14 billion in the previous week