Key Points
India's forex reserves rose $1.65 billion to $586.41 billion for the week ended April 14, data shared by the Reserve Bank of India stated on Friday...
India's foreign currency assets (FCA), the biggest component of the forex reserves, saw a rise of $2.20 billion to $516.63 billion...
Rising for the second straight session, the rupee appreciated 8 paise to close at 82.09 (provisional) against the US dollar on Friday, supported by softening crude oil prices in the international markets..
The Indian currency has gained 15 paise in the past two trading sessions, even though the participants traded cautiously due to expectations of further interest rate hikes by the US Federal Reserve and other central banks...
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India forex reserves top $600 billion, rise to near 15-month high
21, Jul, 23India's foreign exchange reserves (INFXR=ECI) rose for a third straight week to total $609.02 billion as of July 14, the highest in nearly 15 months, data from the central bank showed on Friday.
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India's forex reserves drop for 5th week; fall to over 5-month low
13, Oct, 23India's foreign exchange reserves (INFXR=ECI) declined for a fifth straight week and stood at $584.74 billion as of Oct. 6, the lowest in more than five months, data from the Reserve Bank of India (RBI) showed on Friday.
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14, Apr, 23For the reported week, the rupee ended 0.3% higher against the U.S. dollar. The Indian unit traded in a wide range of 81.8300 to 82.4550 to the dollar.
India's forex reserves soar to $599.53 bln, highest since early June
19, May, 23India's foreign exchange reserves experienced a continuous increase for the third week in a row, reaching $599.53 billion as of May 12. This level represents the highest amount since early June, according to the Reserve Bank of India's statistical supplement released on Friday. The reserves saw a rise of $3.55 billion compared to the previous week, following a total increase of $11.7 billion over the preceding two weeks. To prevent significant fluctuations in the rupee, the central bank intervenes in both the spot and forwards markets. The changes in foreign exchange reserves can also be influenced by gains or losses in valuation.
India's forex reserves rise $5.98 billion to $578.78 billion
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