Page 6 - India Forex Reserve

India's foreign exchange reserves fall $5 billion, shows RBI data

The RBI has been persistently selling dollars in order to protect the rupee from depreciating further

India's forex reserves post steepest weekly decline in over 6 months

They fell by $7.27 billion from the prior week, the sharpest decline since the week ended Feb 10

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

India's forex reserves comfortable for next 5-6 years: Piyush Goyal

Minister says many countries keen on fast-tracking FTA with India now

India's forex reserves edge towards $600 billion, hit near 1-year high

That is an increase of $3.55 billion from the previous week

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

At $584.25 billion, forex reserves ease from over nine-month highs

Reserves had gone up by a total of nearly $8 billion in the prior two weeks

India's forex reserves rise for second week, hit over 9-month high

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak

Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high

The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak

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

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.

Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar

The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows. Traders said positive sentiments in the domestic equity market and weaker dollar, however, resisted the decline in the Indian currency. At the interbank foreign exchange, the domestic unit opened lower at 82.77 against the dollar. It traded between 82.60 and 82.80 levels, and settled at 82.77 (provisional) against the American currency, registering a fall of 12 paise against its previous close. This is the fourth consecutive day of decline in the rupee. On Wednesday, the rupee settled at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 104.38. Global oil benchmark Brent crude futures rose 1.23 per cent to USD 74.60 per barrel. On the domestic equity market front, the 30-share BSE Sensex r

Rupee appreciates 19 paise to end at 82.51 against US dollar

The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. However, surging crude prices in the international market and persistent foreign fund outflows restricted the appreciation bias in the local unit, they added. At the interbank foreign exchange market, the local unit opened strong at 82.67 and touched an intra-day high of 82.47 and a low of 82.72 against the greenback. It finally settled at 82.51, up 19 paise over its previous close of 82.70. The Reserve Bank of India slowed the pace of interest rate increases for the second straight time when it on Wednesday expectedly increased borrowing cost by 25 basis points but hinted more to come as core inflation remained high. The central bank projected India's economic gr

India's forex reserves rise for fourth week, hit over 3-month high

The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions

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

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

India's forex reserves touch $524.5 bn, lowest level since July 2020

The primary reason for the decline is foreign currency assets, which recorded a dip of $3.5 billion to $465 billion

Rupee trade with few nations may start, internationalisation will take time

Negotiations are on with Russia, Cuba and Sudan among others to do so. Officials are hopeful that Saudi Arabia, UAE and Luxembourg would also come on board

Forex reserves rise to $532.87 bn for the first time in over two months

The country's reserves rose by $204 million from the previous week, the first increase since the week ended July 29