Page 5 - Forex Reserves

Amid record forex reserves, rupee hits new closing low of Rs 83.43

RBI intervention not seen; Delivery of $/Re swap boosts reserves

India's forex kitty rises by $6.40 billion to $642.50 billion: RBI data

India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 10.47 billion to USD 636.095 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 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 March 15, the foreign currency assets, a major component of the reserves, increased by USD 6.034 billion to USD 568.386 billion, 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 increased by USD 425 million to USD 51.14 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 65

India's forex kitty expands $10.47 billion to $636.095 billion: RBI data

India's forex kitty jumped by USD 10.47 billion to USD 636.095 billion for the week ended March 8, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 6.55 billion to USD 625.626 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 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 March 8, the foreign currency assets, a major component of the reserves, increased by USD 8.121 billion to USD 562.352 billion, the Reserve Bank of India (RBI) 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 by USD 2.299 billion to USD 50.716 billion during the week, the RBI said. The Special Drawing Rights (SDRs) wer

Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data

India's forex reserves jumped USD 6.55 billion to USD 625.626 billion for the week ended March 1, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by USD 2.975 billion to USD 619.072 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 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 March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 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 by USD 569 million to USD 48.417 billion during the week, the RBI said. The Special Drawing Rights (SDRs

Forex reserves jump by $2.975 billion to $619 billion, shows govt data

India's forex reserves jumped by USD 2.975 billion to USD 619.072 billion for the week ended February 23, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by USD 1.132 billion to USD 616.097 billion. For the week ending February 23, the foreign currency assets, a major component of the reserves, increased by USD 2.405 billion to USD 548.188 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. Gold reserves increased by USD 472 million to USD 47.848 088 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 89 million to USD 18.197 billion, the apex bank said. India's reserve position with the IMF was up by USD 9 million to USD 4.839 billion in the reporting week, the apex bank data showed. India's forex reserves hit an all-time high of USD 645 billion in

India's forex reserves decline $5.24 bn to $617.23 bn, shows RBI data

India's forex reserves declined USD 5.24 billion to USD 617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. The forex kitty stood at USD 622.5 billion for the week ended February 2. However, in the current fiscal, the forex reserves have increased USD 50.28 billion, the RBI data showed. Foreign currency assets, which constitute the largest component of the reserves, dropped USD 4.07 billion to USD 546.52 billion during the week under review, as per the latest data. The reserves had peaked in October 2021, when kitty had reached USD 645 billion. The reserves took a hit as the central bank sold dollars to defend the rupee amid pressures caused majorly by global developments since last year. As a result, the rupee has been the best Asian currency so far this fiscal. The sharp fall in the overall reserves was due to a sharp decline in foreign currency assets, which are the single largest component of the ...

Foreign exchange reserves snaps two-week gaining streak, shows RBI data

The reserves fell by $5.27 billion in the reporting week, their steepest fall in a month, after having risen by a total of $6.36 billion in the prior two weeks

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

Bangladesh's forex stands at $17.20 bn, short of IMF's relaxed target

Bangladesh's foreign exchange reserves stood at USD 17.20 billion at the end of December 2023, falling short of the relaxed target of a minimum of USD 17.78 billion set by the IMF, according to media reports here on Wednesday. The International Monetary Fund (IMF) approved a USD 4.7 billion loan for Bangladesh in January last year and fixed a minimum Forex Reserve, also called the Net International Reserve (NIR) of USD 26.81 billion by December 2023 end. However, that target was later relaxed to USD 17.78 billion, USD 19.27 billion for March and USD 20.11 billion for June, The Daily Star newspaper reported quoting the IMF document. We set a target to keep an NIR of more than USD 17 billion till December 31 and we fulfilled the goal because the NIR stood at USD 17.20 billion on Sunday (December 31), the daily quoted Bangladesh Bank Executive Director and Spokesperson Md Mezbaul Haque as saying. Our net reserve is close to the IMF target and this is not mandatory to fulfill the goal,

Forex reserves surpass $600-billion mark after nearly four months

India's foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months. The forex reserves were last above the USD 600 billion mark on August 11 this year. "India's foreign exchange reserves stood at USD 604 billion as on December 1, 2023. We remain confident of meeting our external financing requirements comfortably," Reserve Bank Governor Shaktikanta Das said, while unveiling the December bi-monthly monetary policy on Friday. The reserves were USD 597.935 billion in the preceding week ended November 24. In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 642 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. The governor further said the Indian rupee has exhibited low volatility compared to emerging market economy (EME) peers in the calendar year 2023,

India's forex exchange reserves rise to 11-week high of $595 billion

The currency settled at 83.3675 on Friday, a record closing low, and was down 0.1% for the week

India's forex reserves drop $462 million to $590.321 billion: RBI

India's forex kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.672 billion to USD 590.783 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 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 November 10, the foreign currency assets, a major component of the reserves, increased by USD 108 million to USD 522.004 billion, according to the Weekly Statistical Supplement released by Reserve Bank of India. 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 608 million to USD 45.515 billion during the week

India's foreign exchange reserves hit seven-week high of $590.78 billion

RBI has bolstered its forex reserves to deal with potential eventualities, RBI Governor Shaktikanta Das said on Thursday, adding that India's current account deficit is "eminently manageable"

India's forex reserves rise by $2.58 bn to $586.11 bn, shows RBI data

Gold reserves were up by USD 499 million to USD 45.923 billion during the week, the RBI said

India's forex reserves resume losing streak, fall to $583.53 billion

The RBI intervenes in both the spot and forwards markets to prevent runaway moves in the rupee

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

Bring back 80% of FX revenues, sell most of that: Russia tells exporters

President Vladimir Putin signed a decree this week mandating the reintroduction of capital controls for an undisclosed list of 43 exporting firms

Forex reserves further drop by $2.17 billion to $584.74 billion: RBI

The country's forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6, the RBI said on Friday. India's forex kitty had gone down by USD 3.794 billion to USD 586.908 billion in the previous week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 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 October 6, the foreign currency assets, a major component of the reserves, decreased by USD 707 million to USD 519.529 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 down by a sharp USD 1.425 billion to USD 42.306 billion, the

Bank of Israel to sell up to $30 billion of forex to stabilise shekel

The shekel fell 2.8% versus the dollar to 3.95 - its weakest level since February 2016 - after the announcement and matching its biggest one-day move since March 2020

India's forex reserves declines by $3.79 billion to $586.91 billion

In the previous reporting week, the overall reserves had declined by USD 2.335 billion to USD 590.702 billion as of September 22