archiveIndia’s forex reserves

India's foreign exchange reserves surged by $5.17 billion to $696.66 billion for the week ended June 6, data released by the RBI on Friday showed. The sharp rise during the week has brought the country's forex kitty close to the historic high of $704.885 that was scaled at the end of September 2024.  A strengthening of the country's foreign exchange kitty also helps bolster the rupee vis-a-vis the US dollar. For the week ending on June 6, foreign currency assets, a major component of the reserves, increased by $3.47 billion...

India's forex reserves increased $1.983 billion to $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 $686.145 in the previous reporting week. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. For the week ended April 25, foreign currency assets, a major component of the reserves, increased $2.168 billion to $580.663 billion, the data released on Friday showed.Expressed in dollar terms, the foreign currency...