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Forex Reserves

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  • India's forex reserves drop $4.34 billion to $589.14 billion June 02, 2023 06:31 PM IST

    India's forex reserves drop $4.34 billion to $589.14 billion

    For the week ended May 26, the foreign currency assets, a major component of the reserves, declined by $4.014 billion to $520.931 billion, according to the Weekly Statistical Supplement released by the RBI on Friday.

  • Forex reserves jumps $3.5 bn to $599.53 bn May 19, 2023 05:51 PM IST

    Forex reserves jumps $3.5 bn to $599.53 bn

    Gold reserves increased by USD 38 million to USD 46.353 billion, the RBI said.

  • India's forex reserves rise $4.532 billion to $588.78 billion May 05, 2023 05:44 PM IST

    India's forex reserves rise $4.532 billion to $588.78 billion

    The overall reserves had dropped USD 2.164 billion to USD 584.248 billion in the previous reporting week. In October 2021, the country’s forex reserves had touched an all-time high of USD 645 billion.

  • India's forex kitty declines by USD 2.16 billion to USD 584.24 billion April 28, 2023 08:10 PM IST

    India's forex kitty declines by USD 2.16 billion to USD 584.24 billion

    The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments.

  • RBI ups gold reserves post pandemic as risk aversion sets in April 25, 2023 12:58 PM IST

    RBI ups gold reserves post pandemic as risk aversion sets in

    According to the Reserve Bank of India, gold reserves stood at Rs 3.75 lakh crore as on Mar 24, 2023, as against Rs 2.09 lakh crore as on Mar 20, 2020.

  • Forex reserves rise by $1.657 bn to $586.412 bn as of April 14 April 21, 2023 07:45 PM IST

    Forex reserves rise by $1.657 bn to $586.412 bn as of April 14

    For the week ended April 14, the foreign currency assets, a major component of the reserves, increased by USD 2.204 billion to USD 516.635 billion, according to the Weekly Statistical Supplement released by the RBI.

  • India's forex reserves rise $6.30 billion to $584.75 billion April 14, 2023 06:03 PM IST

    India's forex reserves rise $6.30 billion to $584.75 billion

    The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused by global developments.

  • Forex reserves rise $5.98 bn to $578.78 bn; a second consecutive weekly increase March 31, 2023 05:50 PM IST

    Forex reserves rise $5.98 bn to $578.78 bn; a second consecutive weekly increase

    For the week ended March 24, the foreign currency assets, a major component of the reserves, increased by USD 4.38 billion to USD 509.728 billion, according to the Weekly Statistical Supplement released by the RBI.

  • India's forex kitty jumps by $12.8 billion to $572.8 billion March 24, 2023 05:49 PM IST

    India's forex kitty jumps by $12.8 billion to $572.8 billion

    In the previous reporting week, the reserves had dropped by USD 2.39 billion to a three-month low of USD 560.003 billion.

  • Forex reserves rise by USD 1.46 billion to USD 562.4 billion: RBI March 11, 2023 11:57 AM IST

    Forex reserves rise by USD 1.46 billion to USD 562.4 billion: RBI

    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.

  • India's forex reserves fall $325 million to $560.94 billion March 03, 2023 05:52 PM IST

    India's forex reserves fall $325 million to $560.94 billion

    In the previous reporting week, the overall reserves had declined $5.68 billion to $561.267 billion.

  • India's forex reserves drop by $5.68 billion to $561.26 billion February 24, 2023 06:09 PM IST

    India's forex reserves drop by $5.68 billion to $561.26 billion

    This is the third consecutive week of a drop in the reserves after the USD 8.319 billion decrease in the previous reporting week to USD 566.948 billion. In October 2021, the country’s forex kitty had reached an all-time high of USD 645 billion.

  • India's foreign exchange reserves rise to near 6-month high of $573.7 billion January 27, 2023 06:04 PM IST

    India's foreign exchange reserves rise to near 6-month high of $573.7 billion

    This is the second consecutive week that the country's reserves have risen. In the week to Jan. 13, the reserves stood at $572 billion.

  • India's forex reserves down USD 691 mn to USD 562.81 bn in 2nd consecutive week of decline December 30, 2022 06:38 PM IST

    India's forex reserves down USD 691 mn to USD 562.81 bn in 2nd consecutive week of decline

    The overall reserves had dropped by USD 571 million to USD 563.499 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty.

  • Five charts that show RBI’s grip on rupee in 2022 December 26, 2022 10:57 AM IST

    Five charts that show RBI’s grip on rupee in 2022

    While the RBI is no no stranger to exchange-rate volatility, what was notable was that its intervention morphed over the year -- from a more complex exercise involving heavy forward segment interference to a simpler spot market intervention.

  • India's forex reserves rises for 4th straight week December 09, 2022 06:25 PM IST

    India's forex reserves rises for 4th straight week

    Forex reserves rose by $11.02 billion to $561.162 billion for the week ending December 2.

  • India's forex reserves soar for fourth consecutive week to $561.16 billion December 09, 2022 08:09 PM IST

    India's forex reserves soar for fourth consecutive week to $561.16 billion

    In October 2021, the country's foreign exchange kitty had reached an all-time high of $645 billion.

  • Rupee may appreciate next week on corporate inflows, easing Dollar index December 09, 2022 05:54 PM IST

    Rupee may appreciate next week on corporate inflows, easing Dollar index

    Forex dealers said that gains may be limited as traders will be keenly watching the policies of major central banks as also the US inflation data.

  • India's forex reserves rise for third week in a row December 02, 2022 06:31 PM IST

    India's forex reserves rise for third week in a row

    During the week ending November 25, the forex reserve rose $2.89 billion to $550.14 billion.

  • RBI's forex reserve surge a sight for sore eyes but don’t read much into it November 21, 2022 12:38 PM IST

    RBI's forex reserve surge a sight for sore eyes but don’t read much into it

    The sentiment towards emerging markets is still cautious amid a tightening by the US Federal Reserve. The RBI may still predominantly be a seller of dollars in the coming weeks

  • Forex kitty swells by $14.72 billion to $544.72 billion; steepest accretion since August 2021 November 19, 2022 01:44 PM IST

    Forex kitty swells by $14.72 billion to $544.72 billion; steepest accretion since August 2021

    Foreign currency assets consist of the effect of appreciation or depreciation of non-US currencies like the euro, pound, and the yen held in the foreign exchange reserves.

  • Moneycontrol Daily: Your Essential 7 November 13, 2022 07:09 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • India's forex kitty swells by $6.56 billion to $531 billion November 04, 2022 05:49 PM IST

    India's forex kitty swells by $6.56 billion to $531 billion

    The overall reserves, which have been on a declining spree, had dropped by $3.847 billion to $524.52 billion in the previous reporting week.

  • India's forex reserves fall to two-year low at $524.52 billion October 28, 2022 06:57 PM IST

    India's forex reserves fall to two-year low at $524.52 billion

    The foreign exchange reserves have dropped to their lowest level since July 2020.

  • RBI may continue to intervene amid free-falling rupee, depleting forex reserves not a concern, say experts October 27, 2022 04:35 PM IST

    RBI may continue to intervene amid free-falling rupee, depleting forex reserves not a concern, say experts

    India’s foreign exchange reserves are comfortable, experts said. From a record high of $642.45 billion on September 3, 2021, India’s forex reserves now stand at $528.37 billion