Forex Reserves

Forex reserves jump $2.3 billion to fresh record of $683.9 billion

India's forex reserves jumped by USD 2.299 billion to a new high of USD 683.987 billion for the week ended on August 30, according to the RBI data release on Friday. In the previous reporting week, the forex reserves had jumped by USD 7.023 billion to a high of USD 681.688 billion. For the week ended August 30, foreign currency assets, a major component of the reserves, increased by USD 1.485 billion to USD 599.037 billion, the data showed. 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. Gold reserves increased by USD 862 million to USD 61.859 billion during the week. The Special Drawing Rights (SDRs) were up by USD 9 million to USD 18.468 billion. India's reserve position with the IMF was down by USD 58 million to USD 4.622 billion in the reporting week, the apex bank data showed.

Ethanol blending has saved Rs 99,000 crore forex since 2014, says Puri

17.3 mn metric tonnes of crude oil substituted, 51.9 mn tonnes of CO2 emissions averted, the minister said

Forex reserves rise by $7 billion to hit record high of $681.69 billion

India's forex reserves jumped by USD 7.023 billion to touch a new high of USD 681.688 billion in the week ended August 23, the RBI said on Friday. The overall reserves had jumped by USD 4.546 billion to USD 674.664 billion in the previous reporting week. The previous all-time high for the overall reserves was recorded at USD 674.919 billion as on August 2. For the week ended August 23, foreign currency assets, a major component of the reserves, increased by USD 5.983 billion to USD 597.552 billion, the data released on Friday showed. 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. Gold reserves increased by USD 893 million to USD 60.997 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 118 million to USD 18.459 billion, the apex bank said. India's reserve position with the IMF was up by USD 30 million

India's forex reserves jump by $4.54 bn to $674.66 bn as of August 16

India's forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the RBI said on Friday. In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion. In the week ended August 16, foreign currency assets, a major component of the reserves, increased by USD 3.609 billion to USD 591.569 billion, the data released on Friday showed. 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. Gold reserves increased by USD 865 million to USD 60.104 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 60 million to USD 18.341 billion. India's reserve position with the IMF was up by USD 12 million to USD 4.65 billion during the week.

Forex reserves decline by $3.47 bn to $667.386 bn, shows RBI data

The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee

Foreign exchange reserves jump $4 billion to new peak of $670.85 billion

Surpassing the all-time high level achieved the previous week, India's forex reserves jumped by another USD 4 billion to USD 670.857 billion for the seven days ended July 19, the Reserve Bank said on Friday. The overall reserves had jumped by USD 9.699 billion to an all-time high of USD 666.854 billion in the week ended July 12. For the week ended July 19, foreign currency assets, a major component of the reserves, increased by USD 2.578 billion to USD 588.048 billion, the data released on Friday showed. 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. Gold reserves increased by USD 1.329 billion to USD 59.992 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 95 million to USD 18.207 billion, the apex bank said. India's reserve position with the IMF were unchanged at USD 4.610 billion in the reporting we

Forex reserves rise by $810 mn to $653.7 bn as on June 21: RBI data

The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee

Forex reserves drop $2.92 bn to $652.89 bn for week ended June 14

India's forex reserves dropped by USD 2.922 billion to USD 652.895 billion for the week ended June 14, the Reserve Bank said on Friday. In the previous reporting week, the kitty had jumped by USD 4.307 billion to USD 655.817 billion, a new all-time high after consecutive weeks of increase in the reserves. For the week ended June 14, foreign currency assets, a major component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion, the data released on Friday showed. 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. Gold reserves decreased by USD 1.015 billion to USD 55.967 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 54 million to USD 18.107 billion, the apex bank said. India's reserve position with the IMF was up by USD 245 million to USD 4.581 billion in the reporting week, the apex

RBI net sells $3.64 billion of foreign currency in April: Monthly bulletin

The central bank's net outstanding forward sales by the end of April stood at $16.25 billion, against $541 million in March

Forex reserves jump $4.3 bn to hit new all-time high of $655.8 bn

India's forex reserves jumped USD 4.307 billion to a new all-time high of USD 655.817 billion for the week ended June 7, the Reserve Bank of India (RBI) on Friday. The kitty had jumped USD 4.837 billion to USD 651.51 billion in the previous reporting week. The previous high for the kitty -- a crucial guard against any disturbances in the external sector -- was USD 648.87 billion on May 10. In the past few weeks, the reserves have witnessed handsome jumps. For the week ended June 7, foreign currency assets, a major component of the reserves, increased by USD 3.773 billion to USD 576.337 billion, the data released on Friday showed. 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. Gold reserves increased USD 481 million to USD 56.982 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 43 million to USD 18.161 .

India's foreign exchange reserves hit new peak of $651.5 billion

Governor Das expressed confidence that the central bank was well-positioned to meet the country's external financing requirements comfortably

Forex reserves hit record high of $651.5 bn as of May 31: RBI Governor

Overall, we remain confident of meeting our external financing requirements comfortably, he says

Forex reserves snaps three-week gaining streak, ease from record high

The reserves fell by $2 billion in that week, after rising by a total of $10.8 billion in the previous three weeks

India's forex kitty reaches new high of $648.7 bn after $4.55 bn jump

India's forex reserves jumped USD 4.549 billion to a new all-time high of USD 648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by USD 2.561 billion to USD 644.151 billion in the previous reporting week ended May 17. For the week ended April 5, the reserves had hit an all time high of USD 648.562 billion following multiple weeks of increases. In the week ended May 10, foreign currency assets -- a major component of the reserves -- increased USD 3.361 billion to USD 569.009 billion, the data released on Friday showed. 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. Gold reserves increased USD 1.244 billion to USD 57.195 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 113 million to USD 18.168

India sees forex reserves as main tool to manage bond index inflows

The Reserve Bank of India plans to absorb the inflows and match the outflows using its near-record high $642 billion reserves

Forex reserves jump by $3.66 billion to $641.59 billion, shows RBI data

After three consecutive weeks of drop, India's forex reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday. The overall kitty dropped USD 2.412 billion to USD 637.922 billion for the previous week ended April 26. For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, following multiple weeks of increases after breaching the previous high of September 2021 in March this year. For the week ended May 3, the foreign currency assets, a major component of the reserves, increased by USD 4.459 billion to USD 564.161 billion, the data released on Friday showed. 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. Gold reserves decreased by USD 653 million to USD 54.88 billion during the week, the Reserve Bank of India said. The Special Drawing Rights (SDRs) were u

Forex reserves drop $2.4 bn to $637.9 bn in 3rd consecutive week of decline

India's forex reserves dropped USD 2.412 billion to USD 637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined USD 2.28 billion to USD 640.33 billion. For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion following multiple weeks of increases. The earlier high of USD 642.453 billion achieved in September 2021 got surpassed in March this year. For the week ended April 26, the foreign currency assets -- a major component of the reserves -- decreased USD 1.159 billion to USD 559.701 billion, the data released on Friday showed. 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. Gold reserves decreased USD 1.275 billion to USD 55.533 billion during the week, the RBI ..

Forex reserves come of record highs as 7-week gaining streak ends

The reserves fell by $5.4 billion in the reporting week, the steepest fall in over three months. They had risen by a total of $32.5 billion in the prior seven weeks

Forex reserves jump $2.98 billion to new peak of $648.562 billion: RBI

India's forex reserves jumped by USD 2.98 billion to a fresh peak of USD 648.562 billion for the week ended April 5, the RBI said on Friday. In the previous reporting week, the forex kitty had increased by USD 2.951 billion to USD 645.583 billion, which was an all-time high. In September 2021, the country's forex kitty reached an all-time high of USD 642.453 billion, a level that was breached in March this year. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global events, but there has been a steady accretion over the past few months. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased by USD 549 million to USD 571.166 billion, the data released on Friday showed. 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. Gold reserve

India's forex kitty jumps $2.95 bn to new all-time high of $645.58 bn

India's foreign exchange reserves increased USD 2.951 billion to USD 645.583 billion for the week ended March 29, the Reserve Bank of India (RBI) said on Friday. This is the sixth consecutive week of a jump in overall reserves. The kitty had increased USD 140 million to USD 642.631 billion in the previous reporting week. The country's forex kitty had in September 2021 reached an all-time high of USD 642.453 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 29, the foreign currency assets, a major component of the reserves, increased USD 2.354 billion to USD 570.618 billion, data released on Friday showed. 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. Gold reserves increased USD 673 million to USD 52.16 .