Key Points
MUMBAI, Oct 27 (Reuters) - 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...
Reserves have dropped sharply in recent weeks, down by $14.2 billion in five weeks to Oct. 6, a five-month low..
"We do not have a specific exchange rate in mind with regard to our currency market intervention," RBI Governor Shaktikanta Das reiterated in a recent session with Krishna Srinivasan, Director, Asia and Pacific Department at the International Monetary Fund.. "Our approach and our focus, our emphasis is to prevent excessive volatility of the exchange rate," he added...
Changes in foreign currency assets are caused by the RBI's intervention as well as the appreciation or depreciation of foreign assets held in the reserves...
You might be interested in
Foreign exchange reserves fall $325 million in a week to $560.94 billion
03, Mar, 23Following sharp increases in the reserves in November and December the RBIs kitty has been declining for the past few weeks
Indias foreign exchange reserves fall $2.4 billion to $560 billion
17, Mar, 23The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve
India’s forex reserves rise to 1-month high of $586 billion
03, Nov, 23Changes in foreign currency assets are caused by the RBI's intervention as well as the appreciation or depreciation of foreign assets held in the reserves.
Forex reserves rise to 10-month high of $589 billion
06, May, 23India Business News: MUMBAI: The country's foreign exchange reserves rose to a 10-month high of $588.
India's forex reserves up by $1.23 bn to $596.2 bn
14, Jul, 23India'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.
Foreign exchange reserves fall $2.40 bn to over 3-month low of $560 bn
17, Mar, 23The reserves stood at 56240 billion in the week to March 3
Foreign exchange reserves record highest weekly rise since Nov 2022
24, Mar, 23India had fifth largest forex reserves in the world as of Feb 2023 says RBI bulletin
At USD 642.49 billion, India's foreign exchange reserves hit all-time high
23, Mar, 24New 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 […]
India's forex reserves rise $5.98 billion to $578.78 billion
31, Mar, 23India'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.