Page 3 - India's Forex Reserves

India's forex reserves decline $2.10 billion to $619.365 billion

India's foreign exchange reserves decreased by USD 2.099 billion to stand at USD 619.365 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI data showed on Friday. The forex kitty had increased by USD 889 million to a lifetime high of USD 621.464 billion in the previous reporting week. Foreign currency assets (FCAs), a major component of the overall reserves, decreased by USD 1.358 billion to USD 576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India (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. Value of the gold reserves declined for the second consecutive week, dropping USD 720 million to USD 36.336 billion, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 7 million to USD 1.544 billion. The country'

India's forex reserves rise by $889 mn to lifetime high of $621.464 bn

The country's foreign exchange reserves increased by USD 889 million to a lifetime high of USD 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday

At $605 bn, India ties with Russia as fourth largest forex reserves holder

It took just about a year for reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became RBI governor in November 2017

As India's forex reserves cross $600 bln, liquidity gush to fuel equities

Experts say there's liquidity in the system.

RBI's LEF, forex intervention and Covid-19 push up short-term premium

Rates spike when there are huge dollars in the cash market but not enough takers to swap for a future date

India's forex reserves increase by $689 million to $584.55 billion

The reserves increased for the second consecutive week

Problem of plenty

India needs a prudent policy on rising forex reserves

India's forex reserves surge $4.277 bn to record high of $572.771 bn

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed on Friday.

India's forex reserves up $183 mn to record high of $560.715 bn

The country's foreign exchange reserves rose $183 million to touch a record high of $560.715 billion in the week ended October 30, RBI data showed on Friday.

Forex reserves surge to $537.548 bn, gold reserves down at $37.26 bn

The country's reserve position with the IMF also increased by $6 million to $4.634 billion during the reporting week

RBI balance sheet expands by 30 per cent in FY20 to Rs 533.27 trillion

On June 30, 2019 (FY19), the size of the bank's balance sheet was Rs 410.29 trillion

Forex reserves hit an all-time high of $534.5 bn in week ended July 31

While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports

India's forex reserves climb $ 3.1 bn to record high of $516.362 bn

Gold reserves were up by $712 million to $34.729 billion, as per the central bank data

India's slow climb to $500-billion foreign exchange reserves fortune

The country was forced to sell its gold in early 1991 to raise emergency funding from the IMF

Forex reserves touch lifetime high on rise in foreign currency assets

In the previous week, the foreign exchange reserves had increased by $ 1.701 billion to $ 473 billion

Forex reserves slip below $430-bn-mark, down by $1.45 bn: RBI Report

In the previous week, the reserves had marginally slipped by $ 70.8 million to $ 430.501 billion but still remained above the $ 430 billion-mark

Forex reserves up by $944 mn to $399.21 bn as foreign currency assets swell

In the previous week, the reserves had increased by $150.2 million to $398.272 billion

Forex reserves drop by $121.2 mn to $393.01 mn on dip in currency assets

The gold reserves were stable at USD 20.888 billion after a sharp rise last week, according to the latest RBI data

Foreign exchange reserves see highest fall of $5.1 billion in 7 years

The rupee has been facing intense selling pressure for more than a month now

Forex reserves plunge by $25.147 bn since April peak as rupee declines

The forex reserves had touched a record high of $426.028 billion in the week to April 13, 2018 and plunged to a low of $400.88 billion in the week to August 10