Page 9 - Forex Reserves

Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn

Fall in US dollar index seen providing revaluation boost to RBI reserves

State Bank of Pakistan says its forex reserves have fallen by $327 mn

The State Bank of Pakistan announced that its foreign exchange reserves have decreased by $327 million

Rupee gains 18 paise to 81.08 against weak US dollar in overseas trade

The rupee appreciated 18 paise to 81.08 against the US dollar in early trade on Friday supported by a weak dollar in the overseas market. Forex traders said weak domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 81.11 against the dollar, then gained further ground to touch 81.08, registering a rise of 18 paise over its previous close. On Thursday, the rupee appreciated by 4 paise to close at 81.26 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 104.71. Brent crude futures, the global oil benchmark, advanced 0.22 per cent to USD 87.07 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 259.39 points or 0.41 per cent lower at 63,024.80. The broader NSE Nifty fell 71.60 points or 0.38 per cent to 18,740.90. Foreign Institutional Investors

Forex reserves likely to show revaluation gains now, say analysts

RBI said to have been actively buying dollars for the past couple of weeks, say currency traders

Forex reserves rise for second week in a row; up $2.5 bn to $547.25 bn

The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks

India's forex reserves rise at fastest pace since August 2021: RBI data

For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar

India's forex reserves down again; fall $1.1 billion to $529.99 billion

The latest decline in the reserves was primarily on account of a fall in the RBI's gold reserves, which fell by $705 million to 37.06 billion

Forex drops by $1.09 bn to $529 bn on sharp decline in gold reserves: Data

India's foreign exchange reserves dropped by USD 1.087 billion to stand at USD 529.994 billion for the week ended November 4 on a sharp decline in the gold reserves, the Reserve Bank said on Friday. In the previous reporting week, the reserves had swelled by USD 6.561 billion to reach USD 531.081 billion, making it the biggest weekly jump in a year. 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 by global developments. Foreign currency assets (FCA), a major component of the overall reserves, decreased by USD 120 million to USD 470.727 billion during the week to November 4, 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.

Forex cover for imports may fall to lowest this year under Modi govt

There could be $27.7 billion dollars of withdrawals in the next five months

Forex reserves jump likely fuelled by revaluation, forward book changes

India's forex reserves rose by $6.5 billion to $531.1 billion in the week through Oct. 28, marking their biggest weekly increase since September 2021, data released by the Reserve Bank of India showed

India's foreign exchange reserves jump $6.5 billion to $531 billion

The increase in reserves is mainly due to a rise in foreign currency assets that went up by $5.7 billion during the week

Forex reserves post biggest weekly gain in more than a year: RBI data

In the holiday-shortened week that ended Oct. 28, the rupee rose to snap a run of six weeks of declines

RBI has been prudent in its exchange rate management: Deepak Parekh

Currency's depreciation not a reflection of the economy, says HDFC Ltd chairman

Statsguru: Six charts show India's declining foreign exchange reserves

RBI has scheduled an off-cycle meeting for November 3

Foreign exchange reserves fall to $525 billion, lowest since July 2020

So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar

RBI received good response from countries for rupee trade: T Rabi Sankar

Internationalisation of rupee reduces need for FX reserves

A first in 9 weeks: Foreign exchange reserves rise by $204 million

Analysts said there was an increase in the forex reserves, even as the RBI did not discontinue shielding the rupee from excessive volatility through sales of the dollar

Use dollar-denominated forex reserves wisely, IMF urges emerging economies

Asks these economies to reinstate swap lines with advanced economy central banks

RBI sells dollars as rising oil prices push rupee to near new low: Traders

The rupee was last trading at 81.90, down from 81.34 in the previous session. The local unit reached a record low of 81.95 last Wednesday

Iraq's forex reserves hit record high, cross $87 bn, as oil prices soar

Iraq's foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported.