Page 6 - Forex Reserves

Rupee gains for third straight day; forex reserves surge $15 billion

The rupee gained 0.58 per cent against the dollar this month, while weakened 1.6 per cent in 2025

Forex reserves decline by $1.78 billion to $638.698 billion, shows RBI data

India's forex reserves dropped by USD 1.781 billion to USD 638.698 billion in the week ended February 28, the RBI said on Friday. The overall forex kitty had jumped by USD 4.758 billion to USD 640.479 billion in the previous reporting week. At the end of September 2024, the forex reserves touched an all-time high of USD 704.885 billion. For the week ended February 28, foreign currency assets, a major component of the reserves, decreased by USD 493 million to USD 543.35 billion, the data released on Friday 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 decreased by USD 1.304 billion to USD 73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 27 million to USD 17.998 billion, the apex bank said. India's reserve position with the IMF fell by USD 12 million to USD 4.078 billion i

RBI records forward dollar position undermines forex reserves comfort

The RBI's net short dollar position in forwards and futures hit a record high of $77.5 billion in January 2025, as per data released after market hours on Friday

Forex reserves rise to two-month high of $640.48 billion, shows RBI data

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

Rupee performed well due to strong forex reserves, says Piyush Goyal

Union Commerce Minister Piyush Goyal on Thursday said the Indian rupee has performed well compared to other global currencies due to the country's strong foreign currency reserves. He also said that a skill development centre and a startup incubation centre will come up at AURIC (the industrial node of Shendra and Bidkin) in the near term. Goyal held a meeting with representatives of the industrial association at the AURIC hall on Wednesday to discuss issues related to industrial zones. He addressed the press on Thursday regarding the issues raised in the meeting. While talking about the downfall of the Indian rupee, he said, "The Indian rupee has strengthened in comparison to the emerging economies of the country. After US elections almost all the currencies across the globe have come down. But India had good reserves of foreign exchange so the Indian rupee performed better than that of other currencies". Goyal said, "We had a conversation with the industrial representatives on

Forex reserves up $1.1 bn at $630.6 bn after rising $5.58 bn in last week

The reserves increased by $1.1 billion in the reported week, after rising by $5.58 billion in the prior week

Forex reserves increase $5.57 billion to $629.55 billion, shows data

India's forex reserves increased USD 5.574 billion to USD 629.557 billion in the week ended January 24, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped USD 1.888 billion to USD 623.983 billion. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation, along with forex market interventions by the Reserve Bank of India (RBI) to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 24, foreign currency assets, a major component of the reserves, increased USD 4.758 billion to USD 537.891 billion, as per the RBI 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. Gold reserves increased USD 704 million to USD 69.651 billion during the

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No case for CRR cuts with liquidity deficit driven by transitory factors

Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points

India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low

Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar

The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of foreign funds continued to play a negative role. At the interbank foreign exchange, the rupee opened at 86.57 and pared further losses to trade at 86.49 against the greenback in initial deals, 21 paise higher from its previous close. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar. The fall of 66 paise in one session was the steepest since February 6, 2023, when the unit had lost 68 paise. The Indian currency has plunged more than Re 1 in the past two weeks from the closing level of 85.52 on December 30. I

RBI uses FX swaps to ease liquidity squeeze as rupee hits a new low

The rupee lost around 2.8 per cent against the dollar in 2024, making it one of the best-performing currencies in Asia as the greenback surged

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Forex reserves decreased by $4.11 bn to $640.27 bn as of Dec 27: RBI

India's forex reserves dropped by USD 4.112 billion to USD 640.279 billion during the week ended December 27, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by USD 8.478 billion to USD 644.391 billion. The reserves have been declining for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatility in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended December 27, foreign currency assets, a major component of the reserves, decreased by USD 4.641 billion to USD 551.921 billion, the data released on Friday 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 541 million to USD 66.268 billion during the week, the RB

Forex reserves decline by $8.4 billion of $644 billion as of Dec 20

The decline in reserves is due to both intervention and revaluation effects

Forex reserves drop to over seven-month low of $644.39 bn as of Dec 20

The reserves declined by $8.5 billion in the reporting week, logging their biggest weekly fall in over a month. They had declined by a total of $5.2 billion in the prior two weeks

Russia's CBRF to resume regular forex operations under budget rule in 2025

Under Russia's budget rule, the finance ministry sells foreign currency from its rainy day National Wealth Fund (NWF) to make up for any shortfall in revenue from oil and gas exports

NRI deposits see $12 bn inflows in April-October FY25, shows RBI data

The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits

India's foreign exchange reserves decline by $1.9 bn to almost 6 month low

The reserves stood at $655 billion in the week ended December 6, having declined by $3.2 billion during that week

RBI's forex swaps, arbitrage spur inversion of rupee forward premiums curve

The implied yield on near-maturity forwards is now higher than on longer-term forwards for the first time this year