Page 8 - Forex Reserves
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 forex reserves see a fall of $325 million to $560.94 billion")
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
 "India's foreign exchange reserves at 11-week low, down for third week")
India's foreign exchange reserves at 11-week low, down for third week
The reserves stood at $566.95 billion in the week to Feb 10, down $8.3 billion from the previous week
India's foreign exchange reserves post biggest weekly fall in 10 months
RBI likely sold dollars to shield rupee amid Fed hike concerns
 "India's foreign exchange reserves post biggest weekly fall in 10 months")
Forex reserves dip $1.5 bn to $575.27 bn on depletion in currency assets
Analysts say RBI sold dollars to protect rupee amid Adani crisis
Pakistan set to bow to IMF's demands as forex reserves drop to $3.08 bn
IMF team which rejected the Sharif government's plan to manage the circular debt, has asked the cash starved Pakistan to end the unbudgeted power subsidies amounting to (Pakistani) Rs 675 billion
 "Pakistan set to bow to IMF's demands as forex reserves drop to $3.08 bn")
Forex reserves at near 7-month high of $577 bn on spike in currency assets
Following a decline of $100 billion in its reserves from February to September of 2022, the RBI has over the last three months been replenishing its holding
RBI's foreign exchange reserves rise $1.7 bn in a week to $573 bn
FX reserves rise $1.7 bln in a week to $573 bln
 "RBI's foreign exchange reserves rise $1.7 bn in a week to $573 bn")
India's forex kitty rises by $1.727 billion to $573.727 billion: RBI data
India's forex reserves increased by USD 1.727 billion to USD 573.727 billion in the week ended January 20, the Reserve Bank of India said on Friday. This is the second consecutive week of a rise in the kitty after the USD 10.417 billion jump to USD 572 billion during the preceding week. 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. In October 2022, the reserves had swelled by USD 14.721 billion during a week. During the reporting week, the foreign currency assets, a major component of the reserves, increased by USD 839 million to USD 506.358 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 foreig
 "India's forex kitty rises by $1.727 billion to $573.727 billion: RBI data")
State Bank of Pakistan's foreign exchange reserves fall by $923 mn
The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week
 "State Bank of Pakistan's foreign exchange reserves fall by $923 mn")
India's foreign exchange reserves surge $10 billion to five-month high
Reserves rose on valuation impact, likely RBI dollar purchases
 "India's foreign exchange reserves surge $10 billion to five-month high")
Forex reserves zoom by $10.417 bn to $572 bn as on Jan 13: RBI data
India's forex reserves zoomed by USD 10.417 billion to USD 572 billion as on January 13, making it one of the biggest weekly jumps in the kitty in recent times. In the previous reporting week, the overall reserves had dropped by USD 1.268 billion to USD 561.583 billion. In October 2021, the country's forex kitty 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. In October 2022, the reserves had swelled by USD 14.721 billion during a week. For the reporting week, the foreign currency assets, a major component of the reserves, increased by USD 9.078 billion to USD 505.519 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.
Forex reserves drop by $1.268 billion to $561.583 billion, says RBI
India's forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said
 "Forex reserves drop by $1.268 billion to $561.583 billion, says RBI")
Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves
Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30
Pakistan's forex reserves fall by $245 mn due to 'external debt repayment'
Net foreign reserves held by commercial banks came at $5.84 billion, the central bank said
RBI's forex reserves fall for first time in five weeks to $563.50 bn: Data
RBI likely resumed dollar sales to shield rupee from excess volatility
Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9
India's forex reserves rose by USD 2.908 billion to USD 564.06 billion for the week ended on December 9, according to the Reserve Bank data released on Friday. In the previous reporting week, the overall reserves had soared by USD 11 billion to USD 571.16 billion. This is the fifth consecutive week of an increase in the reserves. In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 645 billion. The reserves had been declining as the central bank deployed the reserved to defend the rupee amid pressures caused majorly by global developments. Foreign currency assets (FCA), a major component of the overall reserves, increased by USD 3.141 billion to USD 500.125 billion during the week to December 9, 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 ...
Forex reserves at a three-month high; $11 billion added in a week
Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases
Pakistan urgently seeks $3 bn from Saudi Arabia after dip in forex reserves
Pakistan has requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level
 "Pakistan urgently seeks $3 bn from Saudi Arabia after dip in forex reserves")
Trade settlement in rupee: Govt, RBI devise country-specific plan
To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country
 "Trade settlement in rupee: Govt, RBI devise country-specific plan")