Foreign Exchange Reserves

India's foreign exchange reserves at new over two-year low amid weak rupee

According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by $3.59 billion to $465.075 billion

India's foreign exchange reserves decline to $570.74 billion

The fall in the reserves was on account of a decline in the Foreign Currency Assets, a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI

Rupee plummets to close at 75.63 against dollar as Ukraine-Russia conflict shakes forex markets

Foreign exchange traders said sustained foreign fund outflows, heavy selling in domestic equities, and elevated crude oil prices weighed on investor sentiments

IMF liquidity boost may have costly side effects, says Nirmala Sitharaman; opposes new SDR allocation

Sitharaman said in a statement to the IMF’s steering committee that she also was concerned that such a major liquidity injection could produce potentially costly side-effects if countries used the funds for “extraneous” purposes.

Forex reserves surge by $5.69 billion to reach record $487.23 bn in week ended 6 March

The country's foreign exchange surged by $5.69 billion to reach an all-time high of $487.23 billion in the week to 6 March following an increase in foreign currency assets, according to the RBI data

Govt tables Economic Survey 2018-19 in Parliament; here are major highlights

According to the Economic Survey 2018-19, tabled by Finance Minister Nirmala Sitharaman in Parliament, India continues to remain the fastest-growing major economy in the world in 2018-19, despite a slight moderation in its gross domestic product (GDP) growth from 7.2 percent in 2017-18 to 6.8 percent in 2018-19

Forex reserve hits record high of $426.42 bn, surges by $4.2 bn in week to 21 June: RBI data

India's foreign exchange reserve touched a life-time high of $426.42 billion after it surged by $4.215 billion in the week to 21 June, RBI data showed

Union Budget 2019: Foreign exchange reserves help govt influence monetary policy, act as first line of defence against economic slump

The foreign exchange reserves not only include banknotes but also deposits, bonds, treasury bills and other government securities.

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead Reserve Bank to cut rates: SBI report

The slip in GDP growth may force the Reserve Bank of India (RBI) to move with a deeper 0.50% in rates at its next review

Forex reserves soar over $5 bn to reach $412 bn on RBI's maiden dollar-rupee swap auction