India Forex Reserves

As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the SBP reversed their course, snapping their 6-week winning streak

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

Analysts say RBI sold dollars to protect rupee amid Adani crisis

India's foreign exchange reserves rose above a six-month high of $576.76 billion in the week through Jan. 27, the Reserve Bank of India's (RBI) statistical supplement showed on Friday

Revaluation amid weaker dollar, spot market purchases lift reserves to $544.72 billion

For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar

The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst

The Reserve Bank of India has sold a net of $38.8 billion from its forex reserves between January and July this year, data released on Friday showed

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

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

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

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

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 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.

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

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 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.

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

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