Key Points
India's foreign exchange reserves saw an uptick of $1.23 billion, taking the overall level to $596.2 billion as on July 7, Reserve Bank of India data showed Friday...
The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments...
The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band...
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India's forex reserves decline by $2.79 billion to $616.14 billion
26, Jan, 24As per the Weekly Statistical Supplement published by the Reserve Bank of India (RBI), Foreign Currency Assets (FCAs) experienced a decline of $2.6 billion, settling at $545.8 billion.
Forex reserves dip $6.1 billion to $593.48 billion
26, May, 23India's foreign exchange reserves saw a fall of $6.052 billion to $593.477 billion as on May 19, 2023, as per Reserve Bank of India data.
India's forex reserves up $5.9 billion to $595.1 billion as on June 2
09, Jun, 23Snapping a two-week falling streak, India's foreign exchange reserves saw a rise of $5.929 billion and stood at $595.067 billion as on June 2, 2023, as per Reserve Bank of India data. India's foreign currency assets, the biggest component of the forex reserves, rose by $5.270 billion to $526.201 billion.
India's forex reserves drop to $593.75 billion
16, Jun, 23The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee . The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies in the RBI's reserves.
India's forex reserves rise $12.8 billion to 6-week high of $572.8 billion
24, Mar, 23India's foreign exchange reserves rose $12.8 billion to $572.8 billion as on March 17, 2023, Reserve Bank of India (RBI) data showed on Friday. The rupee depreciated by 24 paise to close at 82.44 (provisional) against the US dollar on Friday weighed down by the strength of the American currency and massive selling in the domestic equity market.
India's forex reserves snap two-week winning streak, drops by $5.27 billion to reach $617.23 billion: RBI Data
16, Feb, 24The forex reserves fell by $5.27 billion in the reporting week, their steepest fall in a month, after having risen by a total of $6.36 billion in the prior two weeks.
India's forex reserves fall $2.40 billion to 3-month low of $560 billion
17, Mar, 23India's foreign exchange reserves saw a dip of $2.397 billion, dragging the position to a three-month low of $560 billion as on March 10, 2023, Reserve Bank of India's data showed on Friday. After falling for five straight weeks, India's foreign exchange reserves had risen for the first time to USD 562.40 billion as of the week ended March 3.
India's forex reserves at 5-month low, drops for 5th straight week by $2.17 billion to $584.74 billion: RBI data
13, Oct, 23For the week ended October 6, the foreign currency assets, a major component of the reserves, decreased by $707 million to $519.529 billion, according to the Weekly Statistical Supplement released by the RBI.
India's forex reserves snap three-week rise, ease from near 1-year high
26, May, 23India Business News: India's foreign exchange reserves fell for the first time in four weeks to $593.