Page 2 - India Forex Reserves

India's foreign exchange reserves down $2.23 billion to $550.87 billion

The country's foreign exchange reserves declined by USD 2.234 billion to stand at USD 550.871 billion for the week ended September 9, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the reserves had dropped by USD 7.941 billion to USD 553.105 billion. The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets (FCAs), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI. The FCAs decreased by USD 2.519 billion to USD 489.598 billion in the reporting week. 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. The value of the gold reserves increased by USD 340 million to USD 38.644 billion, the data showed. The Special Drawing Rights (SDRs) dropped by USD 63 million to USD 17.719 billion. The country's reserve pos

Are exports holding up?

Strong export volumes have been a major driver of India's growth over the last few years; high technology exports have clearly outperformed medium and low technology exports

India's foreign exchange reserves falls $897 million to $572.978 billion

In the previous week ended July 29, the reserves had risen USD 2.315 billion to USD 573.875 billion.

Economist Pronab Sen's prescription for the uncertain state of economy

The forex reserve has shrunk and the country might be staring at a twin deficit. To get a better understanding, Business Standard's Bhaswar Kumar spoke to economist Pronab Sen. Let us listen in

Forex reserves fall by $28.05 bn in Sep 2021-Mar 2022 period: RBI report

RBI publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure

India's forex reserves dip by $9.64 billion, the biggest drop in 2 years

This sharp decline in the country's foreign currency assets coincides with the week during which the rupee hit an all-time low

India's forex reserves rise by $394 million to $631.92 billion: RBI data

India's foreign exchange (forex) reserves rose by $394 million to $631.92 billion in the week ended March 4 led by a sharp jump in foreign currency assets, the Reserve Bank of India (RBI) data showed.

India's forex reserves fall $4.5 billion, worst weekly drop in a year

The country's foreign exchange reserves fell sharply during the week ended January 28, 2022 due to revaluation among foreign currency assets.

India's forex reserves down by $4.531 billion to $629.755 billion

The country's foreign exchange reserves declined by $4.531 billion to stand at $629.755 billion in the week ended January 28, RBI data showed

India's forex reserves decline $1.783 billion to $635.905 billion

India's foreign exchange reserves declined for the second consecutive week, ending USD 1.783 billion down at USD 635.905 billion for the week ended December 3, RBI data showed on Friday.

Rupee drops by 18 paise to 75.78 against dollar on forex outflows

The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. The local unit pared some of the losses in the closing session to end at 75.78 (provisional), its lowest closing level since June 22, 2020. The rupee also declined for a third straight week with a weekly loss of 66 paise or 0.88 per cent against the dollar. The US consumer inflation data for November would be released later on Friday with experts expecting the consumer price index (CPI) to rise further. The retail inflation had risen to 6.2 per cent in October which was the sharpest increase in 31 years. Any hike in inflation would be seen as a case for tightening of monetary policy by the US Federal Reserve, which could lead to outflows of funds from emerging

India's foreign exchange reserves increase $1.9 bn to $642 bn: RBI

The forex reserves increased on a healthy increase in the currency assets and value of gold

India's import cover fell to 15.8 months in June 2021, says RBI

At the end of September 2021, India's foreign exchange reserves stood at 635.36 billion

India's forex reserves can be used for infra investment, say economists

As on September 18, India's foreign exchange reserves stood at $541.67 billion

Forex reserves climb to record $538.191 bn, gold reserves up at $39.785 bn

In the previous week ended July 31, the reserves had increased by $11.938 billion to reach $534.568 billion

India's forex reserves climb $1.27 bn to record peak of $517.64 bn

Gold reserves were up by $13 million to $34.743 billion, as per the data

India's forex reserves decline by over $2 bn; SDR value dips by $6 mn

India's foreign exchange reserves fell by $2.078 billion during the week ended June 19

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

India's foreign exchange reserves cross $500 bn for the first time

Currency dealers say there were dollar inflows on account of Reliance Jio and Airtel deals, which the central bank absorbed

Forex reserves soar to lifetime high of $490 billion, shows RBI data

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.