archiveforex reserves

India’s foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4.In the previous week, reserves had declined by $1.01 billion to $697.93 billion. The reserves remain just below the record high of $704.89 billion reached in late September 2024. Foreign currency assets, the largest component of the forex reserves, reflect the impact of movements in non-US currencies such as the euro, pound and yen, the RBI said.Gold reserves fell by $1.23 billion to...

India's foreign exchange reserves (forex) declined by $1.02 billion this week after extending gains in the previous week stabilising at $697.93 billion, official data released by the Reserve Bank of India showed.The Forex extended their gains, jumping $2.294 billion to $698.950 billion in the week ending June 13. As on June 20, the data shows that the foreign currency assets declined $0.36 billion to $589.07 billion.Gold reserves were down by $5.73 million to stand at $85.74 billion during the week, the apex bank's data shows while the special drawing rights...

A recent report by the European Central Bank reveals that gold has overtaken the Euro as the second-highest foreign exchange reserve asset for the central banks. Well, this should not shock any of us. Gold has drawn a lot of attention from central banks in the past many years. It was only a matter of time before central bankers preferred gold to at least some of the paper currencies. Having said that, this is still a very surprising development. And it actually means a lot! You see, the dollar’s share...

India's foreign exchange reserves are back on the rise—and they're inching closer to the $700 billion milestone once again. According to data released by the Reserve Bank of India (RBI) on Friday (June 20), forex reserves jumped by $2.294 billion to reach $698.95 billion for the week ended June 13.This follows a strong $5.17 billion increase in the previous week ended June 6, taking the reserves up from $691.48 billion to $696.65 billion. India's reserves are now just $6 billion shy of their all-time high of $704.885 billion, recorded at...

India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion for the week ended June 13, the Reserve Bank of India (RBI) said on Friday, marking the second consecutive weekly increase.This follows a $5.17 billion jump in the previous week ended June 6. The country’s forex reserves had hit a record high of $704.885 billion in late September 2024. The latest increase was driven primarily by a rise in foreign currency assets, which grew by $1.739 billion to $589.426 billion. These assets include the effects of changes in the...

India’s foreign exchange reserves fell by $1.237 billion to $691.485 billion for the week ended May 30, the Reserve Bank of India (RBI) said on Friday, snapping a sharp gain in the previous week.The drop comes after reserves had jumped by $6.992 billion in the preceding week to $692.721 billion. India’s forex reserves had touched a record high of $704.885 billion in late September 2024. Despite the weekly decline, RBI Governor Sanjay Malhotra said earlier in the day that the reserves remain robust and sufficient to cover more than 11...

India's foreign exchange reserves rose by USD 4.553 billion to USD 690.617 billion in the week ended May 9, driven by a significant increase in gold assets, according to the Reserve Bank of India (RBI).Mumbai, May 16 (PTI) India's forex reserves jumped by USD 4.553 billion to USD 690.617 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday.In the previous reporting week, the overall reserves had dropped by USD 2.065 billion to USD 686.064 billion. The forex...

India's forex reserves climbed USD 1.983 billion to USD 688.129 billion in the week ended April 25, marking the eighth consecutive weekly rise. The increase was driven by a jump in foreign currency assets.Mumbai, May 2 (PTI) India's forex reserves increased USD 1.983 billion to USD 688.129 billion during the week ended April 25, the RBI said on Friday.This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to USD 686.145 in the previous reporting week. The forex reserves had touched an all-time...

India’s foreign exchange reserves rose by USD 8.31 billion to reach USD 686.145 billion for the week ending April 18, marking the seventh consecutive week of growth.  | Photo Credit: Dado Ruvic/Reuters India's forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched...