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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...

Banks, non-bank lenders and financial institutions may get to invest up to 10% in the corpus of alternate investment fund (AIF) schemes, in a relief for the sector that faced a central bank clampdown in December, 2023. There will be no restriction on regulated entities (REs) such as banks for investing up to 5% in the AIF scheme's corpus, Reserve Bank of India (RBI) proposed on Monday. However, if the AIF scheme invests in a company that has borrowed from the bank, then the RE must make full provision to...

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...

The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan.Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close. On Thursday, the rupee saw its steepest single-day fall...

According to the report, India’s total foreign exchange reserves stood at USD 688.13 billion as on April 25, 2025, reflecting a stable and healthy external sector position. The reserves almost rose by $11.83 billion in a month. As of April 4, 2025, India’s foreign exchange reserves stood at $676.3 billion, per the PIB press release.India’s reserves are diversified across the following assets:1. Foreign Currency Assets (FCAs): The largest component, these assets provide liquidity and comprise the major G-10 currencies. It is the first in line in terms of protecting against...

Despite the recovery in reserves, the Indian Rupee remains at or near its all-time low against the US dollar. The RBI continues to intervene in the foreign exchange market by selling dollars to prevent steep depreciation of the currency. India’s foreign exchange reserves increased by USD 1.983 billion to reach USD 688.129 billion during the week ending April 25, according to official data released by the Reserve Bank of India (RBI). This marks the eighth consecutive weekly increase in the reserves. However, the reserves still remain below the all-time high...

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...

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...

In 2023, India added nearly USD 58 billion to its forex reserves, reversing the trend from 2022, when the reserves saw a cumulative decline of USD 71 billion. India’s foreign exchange reserves rose by USD 8.310 billion to reach USD 686.145 billion for the week ending April 18, 2025, according to official data released by the Reserve Bank of India (RBI). This marks the seventh consecutive weekly increase in reserves. The reserves had earlier witnessed a slump for nearly four months after touching an all-time high of USD 704.89 billion...

India’s forex reserves rose by $1.5 billion to $677.8 billion for the week ended April 11. This marked the sixth consecutive weekly increase, reflecting that India’s economy remains robust despite turbulent timesread moreOn Friday, the Reserve Bank of India (RBI) said that the country’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11.This is the sixth consecutive week the Indian forex has seen a jump. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4.It is...