Foreign currency assets rose by $2.2 billion to $370 billion during the week under review
In the previous week, the reserves had increased by $ 932.8 million to $ 393.718 billion
FCAs, the largest component of the forex reserves, edged higher by $787.9 million to $368.48 billion during the week ended November 30
The country's reserve position with the IMF also declined by $12.3 mn to $2.495 bn
Gold reserves rose by $71.4 million to $20.522 billion in the reporting week, the data showed
In the reporting week, foreign currency assets, a major component of the overall reserves, decreased by $ 1.011 billion to $ 375.231 billion, as per the RBI data.
Forex reserves had touched a record high of $426.028 billion in the week to April 13, 2018, but have been declining since then
In the week to September 7, foreign currency assets, a major component of the overall reserves, fell by $887.4 million to $375.099 billion
Centre may be gradually adding gold equivalent to the sale of sovereign gold bonds, says an analyst
Gold reserves rose by $ 35.7 million to $ 20.763 billion
The reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain depreciation in the rupee
The Reserve Bank of India has added some gold to its reserves. According to the World Gold Council's trend report for the June quarter, the central bank bought 2.5 tonnes in March, following a fractional 0.3-tonne addition in December. These increases are the first since November 2009, when it bougght 200t from the International Monetary Fund, said the WGC.In April and May, there were additions by RBI of 600 kg and 900 kg. RBI's total gold holding is now 561.9t. Somasundaram P R, managing director for India at the WGC, said: "There is currently little to suggest a strategic move but it is noteworthy, given how long the level of gold reserves have been unchanged." Globally, central bank net purchases in the June quarter, the second one (Q2) of this calendar year, were seven per cent lower from the year before, at 89.4 tonnes. Net purchases over the first half (H1) of the calendar year were eight per cent more than last year, at 193.3 tonnes, said the WGC report. While the pace of ...
The overall forex reserves had decreased by $734.5 million to $405.075 billion in the previous reporting week
India's reserve position with the IMF also declined by $ 13 million to $ 2.476 billion
Gold reserves rose by $102.9 mn to $21.331 bn in the reporting week
The country's reserve position with the IMF also increased by $2.3 million to $2.029 billion, the apex bank said.
In the previous week, the reserves had declined by USD 2.499 billion to USD 423.582 billion
RBI said surge due to massive spike in foreign currency assets, which is a key component of the reserves
In the case of Masala bonds, RBI's guidelines were more relaxed compared with ECB guidelines as the rupee-denominated bonds did not carry currency risk
Due to decline in foreign currency assets