Page 2 - India Forex Reserve

India has ample forex to withstand pressure on creditworthiness: S&P

India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday. Speaking at the India Credit Spotlight 2022 webinar, S&P Sovereign & International Public Finance Ratings Director Andrew Wood said the country has a strong external balance sheet and limited external debt, making debt servicing not so expensive. "The country has built up buffers against cyclical difficulties like those, which we are experiencing right now," Wood said. He said the rating agency does not expect the near-term pressures to have a serious impact on India's credit worthiness. "We are expecting a strong level of GDP growth of 7.3 per cent this fiscal," he said, adding the rupee exchange rate movement against the US dollar has been moderate. The rupee has depreciated about 7 per cent against the US currency this year but has performed better than its emerging market peers. Wood said India

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles

The steps came after the RBI's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to its intervention in the currency market to curb rupee losses

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market

Sri Lanka' May consumer prices soar 45.3% YoY, highest since 2015

A sharp drop in foreign exchange reserves has left the country of 22 million people struggling to pay for essential imports of food, fuel and medicine.

Foreign exchange reserves down by $306 mn at $601.057 bn, show RBI reports

After rising for two consecutive weeks, the country's foreign exchange reserves declined by $306 million to $601.057 billion in the week ended June 3, according to RBI data.

Forex reserves up by $3.8 bn to $601.3bn as Foreign Currency Assets rise

The country's foreign exchange reserves increased by $3.854 billion to $601.363 billion in the week ended May 27, according to RBI data.

Forex reserves down by $2.67 bn, stands at $593.2 bn till May 13: RBI data

The country's foreign exchange reserves declined by $2.676 billion to stand at $593.279 billion in the week ended May 13, RBI data showed on Friday.

Rising dollar strength drags down India's foreign reserve

The value of the country's gold reserves increased by $1.230 billion to $43.241 billion

India's forex reserves slump by another $2.59 bn in week ending March 18

India's foreign exchange (forex) reserves dipped by $2.59 billion in the week ended March 18, recording a sharp drop for the second consecutive week

Gold, asset devaluation pulls India's forex reserve down by $2.597 bn

Reserve Bank of India data showed that India's forex reserves fell to $619.678 billion from $622.275 billion reported for the previous week

India's forex reserves decline 1.53% by $9.65 bn to $622.27 bn

In the previous week ended March 4, the reserves rose $394 million to $631.92 billion

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

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

Forex reserves jump by $2.76 bn to $632.95 bn: RBI data

In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD 630.19 billion

India's forex reserves down by $1.763 billion to $630.19 billion

The country's foreign exchange reserves declined by $1.763 billion to $630.19 billion in the week ended on February 11, the 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 has 4th largest foreign exchange reserves in world: MoS finance

India currently has the fourth largest foreign exchange reserves in the world, Minister of State for Finance Pankaj Chaudhary told Lok Sabha on Monday. As on November 19, 2021, he said the forex reserve stood at USD 640.4 billion. Replying to another question, he said the details of the holders of P-Notes/ offshore derivative instruments (ODIs) as well as beneficial owners of holders of ODIs, identified in terms of Rule 9 of the Prevention of Money laundering (Maintenance of Records) Rules, 2005, are reported to Sebi on a monthly basis by ODI issuing foreign portfolio investors (FPIs). Further, ODIs issuing FPIs are required to maintain with them at all times the KYC documents regarding ODI subscribers and make them available to Sebi on demand, he said. In reply to another question, Chaudhary said the total excise duty, including cesses collected from petroleum products, during past seven financial years (2014-15 to 2020-21) stood at about Rs. 16.7 lakh crore. "The total central .

India's forex exchange reserves increases by $289 mn to $640.40 bn

India's forex exchange reserves increased by $289 million to $640.401 billion for the week ended November 19, the Reserve Bank said on Friday

Foreign exchange reserves down by $1.47 billion to $639.64 billion

The country's foreign exchange reserves declined by $1.47 billion to $639.642 billion in the week ended September 17, RBI data showed on Friday