India's Forex Reserves

India's forex reserves rise for third week, hit over four-month high

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves

Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data

India's forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the Reserve Bank of India said. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 17, foreign currency assets, a major component of the reserves, decreased by USD 2.878 billion to USD 533.133 billion, the data released on Friday showed. 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 1.063 million to USD 68.

Forex reserves decline by $8.4 billion of $644 billion as of Dec 20

The decline in reserves is due to both intervention and revaluation effects

India's forex reserves drop by $48 billion in two months: RBI data

According to the latest data released by the RBI, in the week ended November 22, India's foreign exchange reserves declined by $1.31 billion to stand at $656.58 billion

India's foreign exchange reserves drop $2.16 bn to $688.26 bn: Govt data

India's forex reserves dropped by USD 2.163 billion to USD 688.267 billion for the week ended October 18, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped by USD 10.746 billion to USD 690.43 billion in one of the largest declines in the reserves in recent times, the RBI said on Friday. In the preceding week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion. At the end of September, the reserves had hit an all-time high of USD 704.885 billion. For the week ended October 18, foreign currency assets, a major component of the reserves, decreased by USD 3.865 billion to USD 598.236 billion, the data released on Friday showed. 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 1.786 million to USD 67.444 billion during the week, the RBI said. The Special

India's forex reserves fall by $10.75 billion to $690.43 billion

Declining for the second straight week, India's forex reserves dropped USD 10.746 billion to USD 690.43 billion for the week ended October 11 in one of the largest decreases in the kitty in recent times, the RBI said on Friday. In the previous reporting week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion. At the end of September, the reserves had hit an all-time high of USD 704.885 billion. For the week ended October 11, foreign currency assets, a major component of the reserves, decreased by USD 10.542 billion to USD 602.101 billion, the data released on Friday showed. 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 by USD 98 million to USD 65.658 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 86 million to USD 18.339 billion, the apex bank said. Ind

India's foreign exchange reserves hit new record high of $657 billion

Economists said that reserves rose due to a combination of revaluation and inflows. Forex reserves fell by $1.71 billion to $652 billion during the week ended June 28

RBI shifts to NDFs as preferred forex reserves intervention option

The Reserve Bank of India (RBI) has traditionally been more active in the local over-the-counter (OTC) spot market to keep the rupee stable

Forex derivatives fiasco puts spotlight on regulatory risk in India

Zerodha Broking Ltd. warned its clients to close open positions and cautioned about liquidity drying up

'RBI keen to further build up record high forex reserves to create buffer'

The Reserve Bank of India's (RBI) FX reserves rose to a record high of $642.49 billion as of March 15

India's forex kitty expands $10.47 billion to $636.095 billion: RBI data

India's forex kitty jumped by USD 10.47 billion to USD 636.095 billion for the week ended March 8, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 6.55 billion to USD 625.626 billion. 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 March 8, the foreign currency assets, a major component of the reserves, increased by USD 8.121 billion to USD 562.352 billion, the Reserve Bank of India (RBI) said. 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 2.299 billion to USD 50.716 billion during the week, the RBI said. The Special Drawing Rights (SDRs) wer

India's forex reserves decline $5.24 bn to $617.23 bn, shows RBI data

India's forex reserves declined USD 5.24 billion to USD 617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. The forex kitty stood at USD 622.5 billion for the week ended February 2. However, in the current fiscal, the forex reserves have increased USD 50.28 billion, the RBI data showed. Foreign currency assets, which constitute the largest component of the reserves, dropped USD 4.07 billion to USD 546.52 billion during the week under review, as per the latest data. The reserves had peaked in October 2021, when kitty had reached USD 645 billion. The reserves took a hit as the central bank sold dollars to defend the rupee amid pressures caused majorly by global developments since last year. As a result, the rupee has been the best Asian currency so far this fiscal. The sharp fall in the overall reserves was due to a sharp decline in foreign currency assets, which are the single largest component of the ...

Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

The reserves rose by $5.74 billion in the reporting week, the biggest rise in nearly two months. Reserves had risen by $590 million in the prior week

India's forex exchange reserves rise to 11-week high of $595 billion

The currency settled at 83.3675 on Friday, a record closing low, and was down 0.1% for the week

RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

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

Forex reserves at comfortable position to meet requirements: Piyush Goyal

India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and industry Minister Piyush Goyal said on Wednesday. India's forex kitty jumped USD 3.553 billion to USD 599.529 billion for the week ended May 12, according to the Reserve Bank of India. The minister also said that the government efforts have helped in managing inflation and "I am happy that it has been respected and recognised by the RBI (as) they have also taken a pause on the interest rates during the last MPC (Monetary Policy Committee) meeting". On forex reserves, he said: "We have strong foreign exchange reserves... In the worst case with whatever difficulty anybody may have, India is comfortable for the next 5 or 6 years, given our forex reserves today, to be able to meet our forex requirements." The minister was speaking at the annual session of industry body CII here. He added that no o

India's forex reserves post biggest weekly decline in over 11 months

The reserves stood at a one-month low of $566.95 billion at the end of last week, down from $575.27 billion at the end of the prior week, during which it fell 1.5%

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 below $500 bn would force RBI to hike aggressively: Morgan Stanley

RBI has used close to $100 bn of FX reserves since late 2021 to defend the currency. Such action makes sense as it had been accumulating FX reserves before that and it wants INR stability