India’s foreign exchange reserves declined for the fifth consecutive week, dipping by $2.675 billion to $682.130 billion. This trend may indicate RBI’s market intervention to support the rupee amid currency volatility. Discover how reserve changes impact India’s economy and stability.
The apex bank said that gold reserves increased by USD 893 million to USD 60.997 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 118 million to USD 18.459 billion.
With increased reserves, India is better positioned to manage currency volatility and maintain economic stability amidst global uncertainties. This growth in reserves also reflects the success of India's economic policies and reforms aimed at attracting foreign investments and boosting exports.
The apex bank said gold reserves increased by USD 988 million to USD 56.956 billion during the week. The Special Drawing Rights were down by USD 57 million to USD 18.049 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.
Following three weeks of successive increase, the Indian foreign exchange reserve registers all time high growth. Earlier in the week ending on April 5, the highest ever forex reserve was achieved with USD 648.562.
Business news: RBI said the gold reserves increased by USD 347 million to USD 51.487 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 57 million to USD 18.219 billion.
Business news: Gold reserves during the week rose from USD 425 million to USD 51.140 billion. In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for the week ended on September 22, 2023, the Reserve Bank of India said.
India's forex reserves rose substantially by USD 5.942 billion to touch a life-time high of USD 507.644 billion in the week to June 12, helped by a significant jump in the foreign currency assets (FCA), RBI data showed.
The country foreign exchange reserves rose by USD 58 million to reach a life-time high of USD 461.21 billion in the week to January 10, according to the RBI data. In the previous week, the reserves had increased by USD 3.689 billion to USD 461.15 billion.
China has the largest forex reserves in the world
Mumbai: Forex reserves fell by USD 1.12 billion to USD 276.26 billion in the week to September 27 as foreign currency assets fell sharply by nearly USD 1.3 billion, the Reserve Bank said today.The reserves
Mumbai: India's foreign exchange (forex) reserves increased by $544.7 million to $275.35 billion, led by healthy rise in core currency assets, the Reserve Bank of India (RBI) data showed.According to the central bank's Weekly Statistical
Mumbai, Aug 10 : India's foreign exchange (forex) reserves decreased by $2.99 billion to $277.16 billion for the week ended Aug 2, according to data released by the Reserve Bank of India (RBI).The reserves had
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