SDRS
India’s forex reserves dip $2.9 bn to come off all-time record high
India's foreign exchange reserves saw a notable decrease of $2.92 billion to reach $652.9 billion as of June 14, according to data from the Reserve Bank of India. This followed a significant increase of $24.3 billion in the previous week, pushing reserves to a record high of $655.8 billion as of June 7.
India's forex reserves up by $3.66 bn to $641.59 bn as of May 03 after 3 weeks slump
India's forex reserves increased by $3.66 billion to $641.59 billion as of May 3, up from a previous contraction of $2.41 billion. Foreign currency assets (FCAs) also surged by $4.45 billion to $564.16 billion. Gold reserves dropped by $653 million to $54.88 billion, while SDRs increased by $2 million to $18.05 billion. Reserve position in the IMF decreased by $140 million to $4.499 billion.
India’s forex reserves up $4.67 bn to $590.78 bn
India's foreign exchange reserves surged by $4.67 billion to $590.78 billion for the week ending November 3, the latest data by the Reserve Bank of India (RBI) showed on Friday.
India’s foreign exchange reserves dip $2.17 bn to $584.74 bn
India's foreign exchange reserves fell by $2.166 billion to $584.742 billion for the week ending October 6, according to the Reserve Bank of India (RBI). The drop in reserves was primarily due to a decrease in foreign currency assets and gold reserves. The country's forex kitty had reached a record high of $645 billion in October 2021, but has been declining as the central bank uses the reserves to defend the rupee against global pressures.
India's forex kitty jumps by USD 12.8 bn to USD 572.8 bn
India's foreign exchange reserves rose by USD 12.798 billion to reach USD 572.801 billion in the week that ended on March 17, as per the Weekly Statistical Supplement by the Reserve Bank of India. The bank said that foreign currency assets that contribute significantly to the reserves grew by USD 10.485 billion to USD 505.348 billion, while gold reserves rose by USD 2.187 billion to USD 44.109 billion. However, the country's total forex reserves have been decreasing due to the central bank's efforts to defend the rupee in the face of global pressures.
Forex reserves rise by USD 1.46 billion to USD 562.4 billion: RBI
The reserves have been falling as the rupee has been under pressure and the monetary authority has been taking measures to defend the currency from extreme volatility. In 2022 the cost of defending a falling rupee was over USD 115 billion of the reserves.
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India's forex kitty drops $1.49 billion to $575.27 billion
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
Forex reserves decline $571 mn to $563.5 bln
In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 645 billion. The reserves had been declining as the central bank deployed the reserve to defend the rupee amid pressures caused majorly by global developments.
Forex kitty soars USD 11 bn to USD 561.16 billion
In October 2021, the country's foreign exchange 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.
Forex reserves down by $306 million at $601.057 billion
The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by USD 28 million to USD 18.41 billion, RBI said.
Forex reserves down by USD 306 mn at USD 601.057 bn
Expressed in dollar terms, the FCA include the effect of appreciation or depreciation of non-US units like euro, pound and yen held in the foreign exchange reserves.Gold reserves dipped by USD 74 million to USD 40.843 billion.
Forex reserves dip by $160 mn to $635.67 bn
During the reporting week ended December 17, the dip in the forex kitty was on account of a decline in foreign currency assets (FCAs), a major component of the overall reserves.
Forex reserves decline USD 77 mn to USD 635.828 bn
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.
Forex reserves down by $2.713 mn to $637.687 bn
In the reporting week ended November 26, the dip in the foreign exchange reserves was on account of a decline in foreign currency assets (FCA), a major component of the overall reserves and gold reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed.
India's forex kitty increases by $289 mn to $640.40 bn
Foreign Currency Assets (FCA), a major component of the overall reserves, increased by USD 225 million to USD 575.712 billion, according to the Reserve Bank of India's (RBI) weekly data.
Help low-income countries use SDRs effectively to fight Covid, India to IMF
SDR is an international reserve asset created by IMF to supplement its member countries' official foreign exchange reserves. The international financial institution had in August approved by far the largest allocation of SDR 456.5 billion - equivalent to about $650 billion - to help countries cope with the impact of the Covid-19 pandemic.
India's forex reserves decline by over $1.16 bn
The Reserve Bank of India's (RBI) forex reserves declined to $637.477 billion from $638.646 billion reported for the week ended September 24.
Forex reserves down by $997 mn to $638.646 bn
During the reporting week ended September 24, 2021, the dip in reserves was on account of a fall in the foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
Forex reserves down by $1.47 bn to $639.64 bn
During the reporting week ended September 17, 2021, the drop in the forex kitty was mainly on account of a decline in the foreign currency assets (FCAs), a major component of the overall reserves.
Forex reserves down by $1.34 bn to $641.113 bn
FCAs dipped by $934 million to $578.879 billion in the reporting week. Expressed in dollar terms, FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Forex reserves rise $8.895 bn to record high of $642.453 bn
For the week ended September 3, the increase was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed.
Portfolio inflows to boost India's forex reserves further: Experts
"Healthy portfolio as well as non-portfolio inflows can led to further rise in reseves," Emkay Global Financial Services' Lead Economist Madhavi Arora said.
IMF drawing rights to boost forex by $18 billion
The IMF has allocated SDR of 12.6 billion, which is equivalent to $17.9 billion on August 23, 2021. The total SDR holdings of India now stands at 13.7 billion (equivalent to around $19.4 billion at the latest exchange rate) as of August 23, 2021.
Forex reserves drop by $2.47 bn to $616.895 bn
In the reporting week, the decrease in the reserves was due to a drop in the foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
Forex reserves decline by $2.10 bn to $619.365 bn
Foreign currency assets (FCAs), a major component of the overall reserves, decreased by $1.358 billion to $576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India (RBI).
Forex reserves rise by $889 mn to lifetime high of $621.464 bn
In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
Forex reserves surge by $9.42 bn to all-time high of $620.57 bn
FCA increased by $8.596 billion to $576.224 billion in the reporting week.
Forex reserves down by $1.581 bn to $611.149 bn
In the reporting week, the drop in the reserves was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
Forex reserves zoom to record high of $612.73 billion
In the reporting week ended July 16, 2021, the increase in forex reserves was on account of the rise in foreign currency assets (FCA), Reserve Bank of India's (RBI) weekly data released on Friday showed.
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