archiveIndia’s foreign exchange reserves

India’s foreign exchange reserves rose by $5.17 billion to reach $696.66 billion for the week ended June 6, according to data released by the Reserve Bank of India (RBI) on Friday. This marks a rebound after a $1.24 billion decline in the previous week.The increase was primarily driven by a $3.47 billion rise in foreign currency assets, which stood at $587.69 billion. Gold reserves also contributed, increasing by $1.58 billion to $85.88 billion during the week. Special Drawing Rights (SDRs) rose by $102 million to $18.67 billion, while India’s reserve...

MUMBAI: India’s foreign exchange reserves fell by $4.9 billion to a five-week low of $685.73 billion as of May 16, according to data released by the country’s central bank on Friday. The reserves had risen to a seven-month high by $4.5 billion in the prior week. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves. For the week ended May 16, the rupee notched its second consecutive weekly drop due to sustained dollar demand from local...

MUMBAI: India’s foreign exchange reserves rose for an eighth consecutive week and stood at an over six-month high of $688.13 billion as of April 25, according to data released by the central bank on Friday. The reserves rose by $1.98 billion in the reported week, after increasing by a cumulative $47.5 billion in the prior seven weeks. India’s FX reserves are now about $17 billion away from the record high of $704.89 billion hit in late September. Changes in foreign currency assets are caused by the central bank’s intervention in...