Page 7 - Forex Reserves

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

India's foreign exchange reserves decline by $2.1 billion to $584.2 billion

Gold reserves dropped by Rs 24 million to Rs 46.151 billion, the RBI said

India's forex reserves up $1.65 bn to $586.4 bn, shows RBI data

But the country's foreign exchange reserves were lower by $ 17.28 billion compared to a level a year ago

Will dollar continue to dominate world trade or will other currencies gain?

An aggressive push by Chinese President Xi Jinping and the slow but steady rise in yuan use for transactions has contributed to the international chatter around reducing global use of dollar

India's forex reserves up $6.3 bn to $585 bn, highest in nine months

The surge was mainly on account of a $4.74 billion accretion to currency reserves that took them to $514.4 billion, shows RBI data

Bangladesh's forex reserves fall to around 6-year low to $31.14 bn

Forex reserves equivalent to six months' import bills are considered adequate for a growing economy like Bangladesh

Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data

A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.

At $578.78 bn, India's forex reserves rise to over eight-month high

That is an increase of $5.98 billion from the previous week

Foreign exchange reserves record highest weekly rise since Nov 2022

India had fifth largest forex reserves in the world as of Feb 2023, says RBI bulletin

Foreign exchange reserves rise to over six-week high with $572.8 bn

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee's exchange rate against the dollar

RBI snaps 2 months of dollar buys, net-sells $384 mn in market in Jan

Forward book surges $10.76 bn as central bank picks up dollars

India's foreign exchange reserves fall $2.4 billion to $560 billion

The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve

Foreign exchange reserves fall $2.4 bn to over 3-month low of $560 bn

The reserves stood at $562.40 billion in the week to March 3

Foreign exchange reserves snap 4-week falling streak, grow by $1.5 bn

RBI's foreign currency assets up $1.2 billion to $497.1 bn last week

Foreign exchange reserves fall $325 million in a week to $560.94 billion

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks

India's forex reserves see a fall of $325 million to $560.94 billion

India's foreign exchange reserves dropped USD 325 million to USD 560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had declined USD 5.68 billion to USD 561.267 billion. In October 2021, the forex kitty reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the reserves to defend the rupee amid pressures due to various factors, mainly global developments. For the week ended February 24, the foreign currency assets, a major component of the reserves, decreased USD 166 million to USD 495.906 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 decreased for the fourth

India's foreign exchange reserves at 11-week low, down for third week

In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17