Page 7 - Forex Reserves

RBI bought net $3.47 billion in spot foreign exchange market in July

The RBI said it purchased $5.32 billion and sold $1.84 billion in July. In June, the central bank had bought a net of $4.50 billion in the spot market

India's forex reserves decline to 11-week low of $593.90 billion: RBI

The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI's reserves

Top headlines: IT companies' forex revenue, falling global debt and more

Business Standard brings you the top headlines at this hour

India's forex reserves jump by $4.03 billion to $598.89 billion: RBI data

India's forex reserves jumped by USD 4.039 billion to USD 598.897 billion for the week ended September 1, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by USD 30 million to USD 594.858 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 September 1, the foreign currency assets, a major component of the reserves, increased by USD 3.442 billion to USD 530.691 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 584 million to USD 44.939 billion, the RBI ..

India Inc continues to remain heavily import-dependent for inputs

Growth in forex revenue continues to lag increase in forex expenses

Foreign exchange reserves remain largely flat at $594.86 bn as of Aug 25

Forex reserves fell by a marginal $30 million for the week, compared to a $7.27 billion drop in the week ended Aug. 18, the data showed

RBI bought net $4.50 billion in spot foreign exchange market in June

The RBI purchased $7.79 billion and sold $3.28 billion, the bulletin showed. In May, the central bank had bought a net of $7.37 billion in the spot market

India's forex reserves top $600 billion, rise to near 15-month high

They rose by $12.74 billion from the week earlier - the biggest gain in four months - having risen by a total of $3.08 billion in the prior two weeks

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI

India's foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by USD 2.901 billion to USD 593.198 billion in the previous reporting week. In October 2021, the country's forex reserve had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. For the week ended on June 30, the foreign currency assets, a major component of the reserves, increased by USD 2.539 billion to USD 527.979 billion, according to the Weekly Statistical Supplement released by the RBI on Friday. 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 dropped by USD 472 million to USD 43.832 billion, the RBI ...

China's forex reserves rise by $16.49 billion to $3.193 trillion in June

The yuan fell 2% against the dollar in June, while the dollar last month fell 1.2% against a basket of other major currencies

India's forex reserves drop $2.9 bn to $593.19 billion, shows RBI data

The overall reserves increased by USD 2.35 billion to USD 596 in the previous reporting week

India's forex reserves rise to $596.10 billion in week to June 16

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.4750 during that week

India's forex kitty declines by $1.32 bn to $593.75 bn, shows RBI data

The overall reserves had jumped by $5.93 billion to $595.067 billion for the previous reporting week

India's forex reserves snap 2-week decline, jump $5.9 bn to $595 bn

India's forex kitty jumped USD 5.929 billion to USD 595.067 billion for the week ended June 2, the Reserve Bank said on Friday. The reserves had dropped for two consecutive weeks and declined by USD 4.34 billion to USD 589.14 billion in the previous reporting 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 have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. For the week ended June 2, the foreign currency assets, a major component of the reserves, increased by USD 5.27 billion to USD 526.201 billion, according to the Weekly Statistical Supplement released by the RBI on Friday. 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 jumped by USD 655 million to USD 45.557 bill

Pakistan's central bank SBP's forex reserves fall by $179 million

The State Bank of Pakistan (SBP) said that its foreign exchange reserves had decreased by $179 million.

India's forex reserves fall for second straight week at $589.14 billion

Reserves had fallen by $6.05 billion in the week ended May 19, the biggest fall in more than three months

India's forex reserves snap 3-week rise, ease from near 1-year high

Forex reserves decreased $6.05 billion from the previous week, after rising by a total of $15.3 billion in the prior three weeks

Foreign exchange reserves jump by $7.2 bn to $595.98 bn, says RBI

India's foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion in the week ended on May 5, the Reserve Bank of India said on Friday. The overall reserves had dropped by USD 4.532 billion to USD 588.78 billion in the previous reporting week. In October 2021, the country's forex reserve had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments. During the week ended on May 5, the foreign currency assets, a major component of the reserves, increased by nearly USD 6.536 billion to USD 526.021 billion, according to the latest 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 increased by USD 659 million to USD 46.315 billion, the

Forex reserves at a 10-month high of $589 billion, shows RBI data

In April, the overall reserves rose by $10.31 billion, RBI data showed

India's forex reserves rise to a 10-month high of $588.78 billion

For the week to which the forex reserves data pertains, the rupee had ended 0.3% higher against the U.S. dollar and traded in a range of 81.61 to 82.10. The local unit had hit a three-month high of 81