India's forex reserves surge $4.3 billion to hit new lifetime high of $55.8 billion
India Business News: India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the lat Key Points
Times Of IndiaIndia's forex reserves rose by USD 20 bln cumulatively in 2024
New Delhi [India], March 30 (ANI): India’s foreign exchange reserves rose about USD 20 billion, on a cumulative basis, in 2024 so far, hitting a record high. Last week, the reserves rose for the fifth straight week to hit a fresh all-time high of USD 642.631 billion, as per the latest data released by the […] Key Points
ThePrintIndia's foreign exchange reserves hit fresh all-time high
New Delhi [India], March 29 (ANI): India’s foreign exchange reserves rose for the fifth straight week to hit a fresh all-time high of USD 642.631 billion in the week ending on March 22, as per the latest data released by the Reserve Bank of India (RBI). Prior to the week that ended on March 22, […] Key Points
ThePrintIndia's forex reserves hit record high of $642.5 bn: RBI data
India's foreign exchange reserves soared to a record high of $642.49 billion by March 15, marking a fourth consecutive weekly increase. Buoyed by robust economic growth projections and substantial overseas investments, the reserves provide a buffer against currency fluctuations and cover more than 11 months of imports. Key Points
Economic TimesForex reserves war-chest: how much is enough?
Deciding how much a country must hold in forex reserves to get sufficient hedge against external risks is complicated. But beyond a point, more is certainly not better since holding the dollars has costs. Key Points
mint
India's forex reserves up $1.6 bn to $618.94 bn as of Jan 12
As of January 12, 2024, India's foreign exchange reserves experienced a modest increase of $1.6 billion, reaching $618.94 billion, according to the Reserve Bank of India's announcement on Friday. RBI Governor Shaktikanta Das, speaking at the ongoing World Economic Forum in Davos, reiterated the country's commitment to building up forex reserves as a preventive measure to avoid a recurrence of challenges observed during the taper tantrum. Key Points
Economic TimesIndia's forex reserves jump by USD 9 bn to USD 615 bn last week: RBI
New Delhi [India], December 22 (ANI): India’s foreign exchange reserves increased by USD 9.112 billion to USD 615.971 billion in the week ending December 15, 2023. This increase is one of the highest for a week and marks a 20-month high, data released by the Reserve Bank of India on Friday showed. India’s foreign exchange […] Key Points
ThePrintIndia's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
India's foreign currency assets (FCA), the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank's weekly statistical data showed. Key Points
FirstpostDecoding the fall and rise of India’s forex reserves
On 14 July, India’s forex reserves stood at $609 billion. On 20 October, they hit a recent low of $583.5 billion before rising again slightly to $597.9 billion on 24 November Key Points
mintIndia's foreign exchange reserves fall for the fifth consecutive week
India's foreign exchange reserves have fallen for the fifth consecutive week, with a total decline of $14.154 billion in the past five weeks. The Reserve Bank of India is believed to have sold dollars in order to prevent a steep fall in the value of the rupee against the dollar, amid concerns over global interest rates. Key Points
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India's forex reserves drop for 5th week; fall to over 5-month low
India'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. Key Points
ReutersIndia's forex reserves drop for 4th week, fall to over 5-month low
India's foreign exchange reserves (INFXR=ECI) declined for a fourth straight week to $586.91 billion, the lowest in more than five months, as of Sept. 29, data from the Reserve Bank of India (RBI) showed on Friday. Key Points
ReutersIndia's forex reserves fall for third straight week, at 4-month low of $590.70 billion
The decrease was of $2.3 billion as against the previous week, whereas, the combined quantum of fall was of $5.9 billion in prior two weeks. Key Points
mintIndia's forex reserves post steepest weekly decline in over 6 months
India's foreign exchange reserves (INFXR=ECI) declined to a near two-month low of $594.89 billion as of Aug. 18 and posted their steepest weekly fall in more than six months, data from the country's central bank showed on Friday. Key Points
ReutersIndia forex reserves top $600 billion, rise to near 15-month high
India'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. Key Points
Reuters
China has $3 trillion of ‘hidden’ currency reserves, says economist Brad Setser
A lot of the countrys foreign-exchange reserves dont show up in the official books of the Peoples Bank of China, the former US trade and Treasury official wrote in a report on The China Project, a New York-based news platform. Instead, what can be called “shadow reserves” appear among the assets of entities such as state commercial lenders and policy banks, Setser said. Key Points
Economic TimesIndia's forex reserves drop to $593.75 billion
The 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. Key Points
Economic TimesForex reserves decline for second week straight, now at $589.14 billion
India's forex reserves fell for the second week in a row, dropping by $4.339bn in the week ending May 26. By the end of the week, the country's forex reserves stood at $589.138bn. Key Points
mintIndia's forex reserves fall to lowest in a month
Reserves had fallen by $6.05 billion in the week ended May 19, the biggest fall in more than three months. Key Points
Economic TimesRussian reserves in Indian banks not due to trade: DGFT
Under Special Rupee Vostro Accounts they do not have any reserves. reserves are only on account of some of the defence procurement and sales, said Director General of Foreign Trade. Key Points
Financialexpress
Improving forex reserve ratios point to lower volatility for rupee
The ratio of volatile capital flows to reserves has declined to 72.7% at the end of December 2022 from 75.5% at the end of September, the Reserve Bank of India (RBI) said on Monday in its half-yearly report on management of foreign exchange reserves. The RBI's reserves were at $562.85 billion as on December 30. Key Points
Economic TimesIndia's forex reserves at comfortable level due to RBI, dollar: Economists
India's foreign exchange reserves have risen to a 10-month high of $588.8 billion, due to the Reserve Bank of India's sustained efforts to rebuild the reserves and reduced volatility in revaluation changes. Economists say the RBI has bought more than $8bn in the spot market, and $20.4bn in the forward market, while forex reserves now cover 10.4 months of imports. Key Points
Economic TimesForex kitty rebounds on better outlook
Data released on April 7 showed that the RBI's headline foreign exchange reserves were at $578.45 billion as on March 31, $28 billion lower than $606.48 billion as on April 1, 2022. Key Points
Economic TimesForex reserves decline for four weeks straight, at 3-month low of $560.94 bn
As per RBI's latest weekly statistical data, reserves dipped by $325 million to $560.942 billion in the week ending February 24, 2023. In the previous week, reserves had plunged by $5.681 billion. Key Points
mintIndia's forex reserves fall for fourth week in a row, at 3-month low
Indias forex reserves slid by $325 million to $560.94 billion for the week ended February 24, data from the Reserve Bank of India (RBI) showed on Friday. India's reserves have seen negative movement for the fourth straight week. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Key Points
Economic TimesAt USD 642.49 billion, India's foreign exchange reserves hit all-time high
New Delhi [India], March 23 (ANI): India’s foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD […] Key Points
ThePrintForex reserves decline USD 5.24 bn to USD 617.23 bn
Mumbai, Feb 23 (PTI) India’s forex reserves declined USD 5.24 billion to USD 617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. The forex kitty stood at USD 622.5 billion for the week ended February 2. However, in the current fiscal, the […] Key Points
ThePrintIndia's foreign exchange reserves decline by USD 2.8 billion
New Delhi [India], January 27 (ANI): India’s foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India showed. During the week, India’s foreign currency assets (FCA), the biggest component of the forex reserves, declined […] Key Points
ThePrintIndia’s forex reserve surges by $5.08 billion to $595 billion: RBI data
Forex reserves of India have witnessed a surge by $5.077 billion, reaching a total of $595.397 billion, according to the latest data released on Friday by the Reserve Bank of India (RBI). Key Points
mintIndia's forex reserves rise $5.98 billion to $578.78 billion
India's foreign currency assets (FCA), the biggest component of the forex reserves, saw a rise of $4.38 billion to $509.72 billion. India's gold reserves rose by $1.37 billion to $45.48 billion while SDRs and India's reserve position in the IMFs saw an increase of $18.41 million and $5.15 million each. Key Points
Economic Times
India's forex reserves rise $12.8 billion to 6-week high of $572.8 billion
India'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. Key Points
Economic TimesIndia's forex reserves fall $2.91 billion to $593.2 billion as of June 23
India's foreign currency assets, the biggest component of the forex reserves, declined by $2.21 billion to $525.4 billion. The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI's reserves. Key Points
Economic TimesIndia's forex reserves fall $2.40 billion to 3-month low of $560 billion
India'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. Key Points
Economic TimesBangladeshi banks plan India rupee transactions as reserves fall
Two Bangladeshi banks, Eastern Bank and state-run Sonali Bank, have announced plans to introduce trade transactions using Indian rupees to reduce reliance on US dollars and shore up forex reserves. Eastern Bank will announce the plan on 11 July after opening rupee accounts with State Bank of India and ICICI Bank. Key Points
Economic TimesIndia's forex reserves soar to $599.53 bln, highest since early June
India'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. Key Points
Economic TimesIndia's forex exchange reserves at over two-year high
Mumbai (Maharashtra) [India], March 16 (ANI): India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India (RBI). The foreign exchange kitty rose for a third straight week to hit an over two-year […] Key Points
ThePrintIndia's forex reserves snap two-week winning streak, drops by $5.27 billion to reach $617.23 billion: RBI Data
The 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. Key Points
mintIndia's no longer 'fragile', can weather global market volatility
In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies. Forecasts project a reduced CAD and stable rupee for the upcoming fiscal years. Key Points
Economic TimesIndia's forex reserves fall to $583.53 bln as of Oct 20 - cenbank
India's foreign exchange reserves (INFXR=ECI) resumed their losing streak to fall to $583.53 billion as of Oct. 20, compared with $585.90 billion a week earlier, data from the Reserve Bank of India (RBI) showed on Friday. Key Points
ReutersIndia's foreign exchange reserves dip by $2.4 billion in the week ending August 4
India's foreign exchange reserves dipped by $2.4 billion in the week ending August 4, in sync with dollar outflows as cautious overseas investors offloaded their investments in local equity market. The reserves stood at $601.5 billion at the end of the reporting period, Reserve Bank of India data showed. Key Points
Economic Times
India's forex reserves rise $1.65 billion to $586.41 billion
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. Key Points
Economic TimesIndia's forex jumps $12.8 billion to six-week high of $572.801 billion
The reserves rose to $572.801 billion, the highest level seen since February 10. Foreign currency assets surged by $10.5 billion to $505.348 billion while the value of gold with the central bank rose $2.2 billion to $44.109 billion, Reserve Bank of India data showed. reserves held with the International Monetary Fund also rose by $127 million. Key Points
Economic TimesIndia's forex reserves post steepest weekly decline in over 6 months at $595 bn
The country's forex kitty had reached an all-time high of USD 645 billion in October 2021. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. Key Points
Business TodayIndia's forex reserves declined by $2.16 bn to $584.24 bn
For the week ended April 21, the foreign currency assets, a major component of the reserves, declined by $2.146 billion to $514.489 billion Key Points
mintIndia's forex reserves halt four-weeks losing streak, rises to $562.40 bn
Data from RBI showed that the country's foreign exchange (forex) reserves stood at $562.40 billion up by $1.458 billion. This is compared to a drop of $325 million to $560.942 billion in the week ending February 24, 2023. Key Points
mint
China is drilling another 10,000-meter hole, this one for gas
Sichuan, the southeastern province known for spicy food, spectacular mountain views and pandas, is also home to some of Chinas largest shale gas reserves. The nations state-owned oil giants have had only limited success tapping their potential, though, because of difficult terrain and complicated underground geology. Key Points
Economic TimesIndia's forex reserves rise $4.53 billion to $588.78 billion
In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion. Much of the decline can be attributed to RBI's recent intervention and a rise in the cost of imported goods. Key Points
Economic TimesIndia's forex reserves jump to 9-month high to $584 bn
For 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. Key Points
mintForex reserves fall by $8.32 bn
India’s forex reserves dropped by $8.319 billion to $566.948 billion for the week ended February 10, the RBI said on Friday. This is the second consecutive week of drop in the reserves after the $1.49-billion decrease in the previous reporting week. Key Points
The Tribune IndiaIndia has more gold reserves than Saudi Arabia, UK; check full list
The US has gold reserves measuring 8,133.46 tonnes as per the WGC list, valued at $489,133 million. Key Points
Hindustan Times
India's forex reserves up by $140 mn to $642.63 bn as of March 22
India's foreign exchange reserves continued their upward trend, reaching $642.63 billion as of March 22, marking the fifth consecutive weekly increase. The rise amounted to $140 million for the reporting week. Foreign currency assets (FCAs) decreased slightly to $568.26 billion, while gold reserves saw an increase to $51.49 billion. Key Points
Economic TimesIndia's forex reserves up by $591 mn to $616.73 bn for the week ending Jan 26
India's foreign exchange reserves surged by $591 million to $616.73 billion for the week ending on January 26, the latest data by Reserve Bank of India (RBI) showed on Friday. Key Points
Economic TimesIndia's forex reserves fall by $1.9 billion to $607.03 billion
It can be noted that 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. Key Points
Economic TimesPeriyar Tiger Reserve gets top rank in management review, none ‘poor’
While Periyar reserve has obtained an MEE score of 94.3%, it is followed closely by the Satpura Tiger Reserve in Madhya Pradesh, Bandipur in Karnataka and Nagarhole in Karnataka. Key Points
The Indian ExpressGovt plans to lease strategic oil reserve space to private companies
About 0.75 mmt of capacity in Mangalore and about 0.25 mmt in Visakhapatnam is currently vacant and needs to be filled, L R Jain, the CEO of Indian Strategic Petroleum reserves Limited (ISPRL), said on Tuesday. Key Points
Economic Times
India's forex reserves see biggest weekly fall in over 6 months
India's forex reserves dipped by $7.28 billion to $594.90 billion as of August 18, 2023, according to data from the Reserve Bank of India (RBI). India's reserve position in the IMF also declined by $51 million to $50.72 billion. The decline in reserves is due to the central bank using them to defend the rupee amid global pressures. Key Points
Economic TimesIndia's forex reserves fall $3.2 billion to $603.87 billion as on July 28
India's foreign exchange reserves dipped $3.2 billion to $603.87 billion for the week ending July 28, latest data by Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves fell by $1.9 billion, dragging the reserves to $607.03 billion for the week ended on July 21. Key Points
Economic TimesIndia's forex reserves up by $1.23 bn to $596.2 bn
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. Key Points
Economic TimesTraders continue to bet on rate divergence; rupee remains sideways to bearish
The Indian Rupee showed some strength at the start of June, although historical trends suggest a bearish outlook, and India's forex reserves have declined for two consecutive weeks, reaching $589.14 billion. Key Points
FinancialexpressIndia's forex reserves rise by $1.657 billion, reach 9-month high
India’s foreign exchange reserves went up by $1.657 billion to $586.412 billion, according to the data available with the Reserve Bank of India (RBI.) Key Points
The Hindu
India's forex reserves drop by $329 mn to $578.45 bn
For fiscal year 23, the overall foreign exchange reserve has dropped by $28.86 billion. Key Points
mintBilateral trade in rupee to gather pace soon
India’s foreign exchange reserves fell $2.4 billion to $560 billion for the week ended March 10, their lowest since early December. Key Points
FinancialexpressIndia's forex reserves at 5-month low, drops for 5th straight week by $2.17 billion to $584.74 billion: RBI data
For 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. Key Points
mintIndia's forex reserves up $5.9 billion to $595.1 billion as on June 2
Snapping 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. Key Points
Economic TimesIndia's forex reserves rise $4.532 billion to $588.78 billion
India’s foreign exchange reserves jumped $4.532 billion to $588.78 billion for the week ended April 28, the Reserve Bank of India said on May 5, 2023. Key Points
The Hindu
India's forex reserves rise to $572 bn, over six-week high
In the to March 10, the reserves had dropped by $2.39 billion to a three-month low of $560.003 billion. Key Points
mintIndia's forex reserves at $586.9 bn as on Sep 29
India's foreign exchange reserves stood at $586.9 billion for the week ending September 29, RBI governor Shaktikanta Das announced during the MP meet on Friday. Key Points
Economic TimesIndia's forex reserves rise by $4.53 bn to reach a 10-month high of $588.78 bn
As per RBI's data, forex reserves jumped by $4.532 billion to $588.780 billion in the April 28, 2023, week. This is compared to a decline of $2.164 billion in the previous week that ended on April 21, 2023. Key Points
mintForex reserves back in red, drops to 3-month low at $560 billion
As per RBI's latest report, India's reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to $562.40 billion. Key Points
mintIndia's forex reserves rises to 11-month high of $595.98 billion
India's foreign exchange reserves saw a rise of $7.196 billion to $$595.98 billion as on May 5, 2023, data from the Reserve Bank of India showed on Friday. India's forex reserves reached a 10-month-high of $588.8 billion in the week through April 28, recovering from a drop to $524.5 billion last October, when the rupee hit a record low against the U.S. dollar. Key Points
Economic Times
India’s forex reserves fall $2.17 billion to $584.25 billion
India's foreign exchange reserves saw a dip of $2.165 billion to $584.248 billion as on April 21, 2023, Reserve Bank of India data showed on Friday. India's forex reserves have dipped after gaining for two consecutive weeks. The RBI noted in its monthly Bulletin that global economic conditions are beset by heightened uncertainty as financial conditions remain volatile and financial markets are on edge. Key Points
Economic TimesForex reserves surge to $636.095 billion
India Business News: India's foreign exchange reserves grew by USD 10.470 billion to reach USD 636.095 billion by March 8, marking a third consecutive week of growth. Fore Key Points
Times Of IndiaIndia's forex reserves decline by $2.79 billion to $616.14 billion
As 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. Key Points
mintIndia's forex reserves dip $462 million to $590.32 billion
India's foreign exchange reserves dipped by $462 million to $590.32 billion for the week ending November 10, the latest data by the Reserve Bank of India (RBI) showed on Friday. Key Points
Economic TimesIndia's forex reserves hit 1-month high, rise $2.58 billion to $586.11 billion: RBI Data
The foreign currency assists, which form the major component of India's forex reserves jumped $2.303 billion to $514.504 billion during the period Key Points
mint
RBI's Shaktikanta Das says US should rethink currency manipulator list
India's central bank governor, Shaktikanta Das, has called for a review of the US practice of putting emerging markets countries on a watchlist as potential currency manipulators. He argued that emerging markets face challenges dealing with the spillover effects of advanced economy policies and that there needs to be a balanced approach. Key Points
Economic Times