Indian Forex Reserves

Foreign exchange reserves rise to over six-week high with $572.8 bn

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

Rupee falls 15 paise to close at 82.73 vs US dollar on muted domestic trend

The rupee fell by 15 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close. In the previous session on Friday, the rupee settled at 82.58 against the dollar. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated on a weak tone in Asian markets and a strong dollar. Traders also pared their positions ahead of CPI data which is expected a tad higher from the previous month's reading. However, a weak start to crude oil on Monday cushioned the downside. "We expect the rupee to trade with a negative bias amid risk aversion in global

India's forex drops by $1.494 bn to reach $575.267 bn as of Feb 3: RBI data

India's foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday. In the previous reporting week, the overall reserves had jumped by USD 3.03 billion to USD 576.76 billion. 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. For the week ended February 3, the foreign currency assets, a major component of the reserves, decreased by USD 1.323 billion to USD 507.695 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. After rising for multiple weeks, gold reserves decreased by USD 246 ..

India's forex reserve falls by $691 mn, 2nd consecutive week of decline

India's forex reserves dropped by USD 691 million to USD 562.808 billion as of December 23, making it the second consecutive week of decline in the kitty, according to the RBI data. The overall reserves had dropped by USD 571 million to USD 563.499 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty. In October 2021, the country's foreign exchange reserves reached an all-time high of USD 645 billion. The reserves had been declining as the central bank deployed the reserve to defend the rupee amid pressures caused majorly by global developments. Foreign currency assets (FCA), a major component of the overall reserves, decreased by USD 1.134 billion to USD 498.49 billion during the week to December 23, 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 ...

India's forex reserves rise for third straight week to $550.14 billion

India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, RB) weekly statistical supplement showed on Friday

India's foreign exchange reserves jump $6.5 billion to $531 billion

The increase in reserves is mainly due to a rise in foreign currency assets that went up by $5.7 billion during the week

India's forex reserves to fall another $15 billion by end-2022: Report

India's forex reserves were forecast to fall to $510 billion from around $525 billion by the end of this year, the Oct

RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts

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

Drop in India's forex reserves worrisome as inflows slow down: Economists

India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday

Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report

The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday

Forex reserves up by $3.378 bn to lifetime high of $545.038 bn: RBI

Gold reserves were down by $580 million in the reporting week to $37.440 billion

Forex reserves at record high of $454.49 bn as foreign currency assets rise

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

Forex reserves drop by $862 mn to $398 bn: RBI data

FCAs decreased by $1.391 billion to $373.795 billion: Data

Use part of forex reserves to spur growth: Deutsche Bank to govt

According to the global financial services major, forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also suitable for this

The cost of $400-billion forex reserves

Economists are not betting on great usage of this wealth as these are maintained at a high cost

Forex kitty up by $1,148 mn to record $394.55 bn

Foreign currency assets rose by $1,142.5 mn to $370.8 bn during the week under review

Is rising forex kitty fuelling inflation?

Analysts expect it to surpass $400-bn mark by first week of September

Forex reserves may hit $400-bn record high by September: Morgan Stanley

Robust capital inflows and weak credit offtake cited as reasons behind growth in reserves

Forex chest swells to all-time high of $391 bn: RBI

The record high was aided by an increase in foreign currency assets