Forex Reserves

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Forex Reserves - Total results - 80
India's forex reserves soar to record $473 billion in week ended to 7 February, reveals RBI data
Business

India's forex reserves soar to record $473 billion in week ended to 7 February, reveals RBI data

The country's foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of increase in foreign currency assets, according to RBI data

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman
Business

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy

India's forex reserves touch record $461.16 bn, surge $3.7 bn in week ended 3 January: RBI data
Business

India's forex reserves touch record $461.16 bn, surge $3.7 bn in week ended 3 January: RBI data

The country's foreign exchange reserves touched a record high of $461.157 billion, after it surged by $3.689 billion in the week to 3 January, according to the RBI data

Rupee logs 4th straight gains, spurts 27 paise to 70.94 against dollar on softening crude oil prices
Business

Rupee logs 4th straight gains, spurts 27 paise to 70.94 against dollar on softening crude oil prices

In the last four trading sessions, the rupee has gained 99 paise against the US dollar.

Forex reserves swell by $2.520 bn to touch record high $457.46 bn in December after gain in foreign currency assets: RBI
Business

Forex reserves swell by $2.520 bn to touch record high $457.46 bn in December after gain in foreign currency assets: RBI

In the previous week, the forex reserves rose to $454.948 billion after increasing by $456 million

Forex reserves soar $2.3 bn to touch all-time high of $453 bn driven by increase in foreign currency assets
Business

Forex reserves soar $2.3 bn to touch all-time high of $453 bn driven by increase in foreign currency assets

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

CAD inches up to 2.1% at $57.2 bn in FY19, but more than halves in Q4; net services receipts increase 5.8% to $21.3 bn
Business

CAD inches up to 2.1% at $57.2 bn in FY19, but more than halves in Q4; net services receipts increase 5.8% to $21.3 bn

Overall trade performance was the prime influencer for both the contraction in CAD for the March quarter as well as a widening for the full year.

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

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
Business

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.

RBI gets higher demand for second 3-year dollar-rupee swap auction at $18.65 bn against $16.31 bn in maiden auction
Business

RBI gets higher demand for second 3-year dollar-rupee swap auction at $18.65 bn against $16.31 bn in maiden auction

RBI introduced the tool, wherein it buys dollars from banks for three years and offer them rupees in return, last month to bridge the liquidity gap

Modinomics underpins need for leader who can deliver political stability, economic development, argues BJP economist
Business

Modinomics underpins need for leader who can deliver political stability, economic development, argues BJP economist

The sheer pace of Modinomics, versus the laxity of Manmohanomics, is evident from the fact that of the 23 IITs in India, in 71 years of independent India, 30 percent were set up in just two years by the Modi dispensation!

Forex reserves down by $2.11 bn to $398.12 bn in the week ended 8 February: RBI data
Business

Forex reserves down by $2.11 bn to $398.12 bn in the week ended 8 February: RBI data

The country's foreign exchange reserves declined by $2.119 billion to $398.122 billion in the week to 8 February, due to fall in foreign currency assets, according to the RBI data

Forex reserves rise by $932.8 mn to $393.72 bn in the week ended 30 November: RBI data
Business

Forex reserves rise by $932.8 mn to $393.72 bn in the week ended 30 November: RBI data

The country's foreign exchange reserves increased by $932.8 million to $393.718 billion in the week to 30 November, mainly due to a rise in foreign currency assets, according to RBI data.

Rupee may touch 76 levels against dollar in next 3 months with global crude prices remaining elevated: UBS
Business

Rupee may touch 76 levels against dollar in next 3 months with global crude prices remaining elevated: UBS

Rupee has already crossed the 74 mark owing to the continued strengthening of the dollar, lack of foreign flows and higher crude oil prices.

Indo-Japan currency swap accord: Prime Minister Narendra Modi’s move will boost forex reserves, support rupee
Business

Indo-Japan currency swap accord: Prime Minister Narendra Modi’s move will boost forex reserves, support rupee

The swap facility with Japan is definitely a big positive for the forex market and a positive step in firming up the rupee and should be read well by the participants

Why despite falling rupee and declining Sensex, Narendra Modi govt is not in a panic mode yet
Business

Why despite falling rupee and declining Sensex, Narendra Modi govt is not in a panic mode yet

Narendra Modi came to power as a middle class icon but almost at the end of his current term serving the bottom of the pyramid defines his core politics

Forex reserves plunge below $400 bn mark for first time in over a year, Reserve Bank data shows
Business

Forex reserves plunge below $400 bn mark for first time in over a year, Reserve Bank data shows

This is the second consecutive week of major fall in the reserves which indicates that the RBI has been selling the greenback to fight the fall in rupee, which had crossed the 73-mark earlier this week. The local unit closed at 71.84 on Friday.

Rupee crashes past 72-mark: Seven charts that explain falling currency's impact on the economy
Business

Rupee crashes past 72-mark: Seven charts that explain falling currency's impact on the economy

Here are seven charts that show us how Indian currency's unabated fall having an impact on various macroeconomic indicators.

Forex reserves drop $1.19 bn to $400.10 bn in a week owing to decline in foreign currency assets, gold cache
Business

Forex reserves drop $1.19 bn to $400.10 bn in a week owing to decline in foreign currency assets, gold cache

The decline in the country's forex reserves in the past few weeks is on account of the Reserve Bank of India selling US dollars to contain depreciation in the rupee, which touched a lifetime low of 72.11 against the greenback in intra-day trade on Thursday.