Forex Reserves

Forex reserves equivalent to six months' import bills are considered adequate for a growing economy like Bangladesh

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.

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

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

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee's exchange rate against the dollar

Forward book surges $10.76 bn as central bank picks up dollars

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

The reserves stood at $562.40 billion in the week to March 3

RBI's foreign currency assets up $1.2 billion to $497.1 bn last week

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks

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

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

The reserves stood at $566.95 billion in the week to Feb 10, down $8.3 billion from the previous week

RBI likely sold dollars to shield rupee amid Fed hike concerns

Analysts say RBI sold dollars to protect rupee amid Adani crisis

IMF team which rejected the Sharif government's plan to manage the circular debt, has asked the cash starved Pakistan to end the unbudgeted power subsidies amounting to (Pakistani) Rs 675 billion

Following a decline of $100 billion in its reserves from February to September of 2022, the RBI has over the last three months been replenishing its holding

FX reserves rise $1.7 bln in a week to $573 bln

India's forex reserves increased by USD 1.727 billion to USD 573.727 billion in the week ended January 20, the Reserve Bank of India said on Friday. This is the second consecutive week of a rise in the kitty after the USD 10.417 billion jump to USD 572 billion during the preceding week. 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. In October 2022, the reserves had swelled by USD 14.721 billion during a week. During the reporting week, the foreign currency assets, a major component of the reserves, increased by USD 839 million to USD 506.358 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 foreig

The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week