Page 3 - Foreign Exchange Reserves

India's forex kitty swells to $609 billion, rises to nearly 16-month high

The total reserves rose by $36 billion on a year-on-year (YOY) basis. In the first six months of 2023, foreign exchange reserves have increased by around $33 billion

Won't implement Glyphosate curb till further order: Govt to Delhi HC

Glyphosate usage saw a manifold rise, once Ht BT cotton started getting illegally cultivated in India

RBI buys $7.37 billion in spot foreign exchange market in May: Bulletin

The Indian rupee depreciated by over 1% against the dollar in May

Foreign exchange reserves rise $1.2 billion to $596 billion: RBI data

The overall reserve had increased by $1.8 billion to $595 billion in the previous reporting week

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI

India's foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by USD 2.901 billion to USD 593.198 billion in the previous reporting week. In October 2021, the country's forex reserve 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 on June 30, the foreign currency assets, a major component of the reserves, increased by USD 2.539 billion to USD 527.979 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 dropped by USD 472 million to USD 43.832 billion, the RBI ...

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

India's foreign exchange reserves decline by $2.1 billion to $584.2 billion

Gold reserves dropped by Rs 24 million to Rs 46.151 billion, the RBI said

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

RBI's wider NDF access may require foreign exposure proof, say bankers

An IFSC Banking Unit or "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC)

India's forex reserves up $1.65 bn to $586.4 bn, shows RBI data

But the country's foreign exchange reserves were lower by $ 17.28 billion compared to a level a year ago

India's forex reserves up $6.3 bn to $585 bn, highest in nine months

The surge was mainly on account of a $4.74 billion accretion to currency reserves that took them to $514.4 billion, shows RBI data

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.

At $578.78 bn, India's forex reserves rise to over eight-month high

That is an increase of $5.98 billion from the previous week

Foreign exchange reserves record highest weekly rise since Nov 2022

India had fifth largest forex reserves in the world as of Feb 2023, says RBI bulletin

India's foreign exchange reserves fall $2.4 billion to $560 billion

The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve

India's forex reserves increase, snapping four-week losing streak

The reserves stood at $560.94 billion in the week to Feb 24

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 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

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