Gold Reserves

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Gold Reserves - Total results - 18
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

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

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.

RBI quashes reports of it selling gold reserves; central bank says it has not sold any gold or traded in it
Business

RBI quashes reports of it selling gold reserves; central bank says it has not sold any gold or traded in it

The media reports cited RBI's Weekly Statistical Supplement (WSS) data according to which it bought gold worth $5.1 billion and sold about $1.15 billion of its gold reserves

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 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.

Foreign exchange reserves jump by $1.2 bn to $401.94 bn on increase in foreign currency assets
Business

Foreign exchange reserves jump by $1.2 bn to $401.94 bn on increase in foreign currency assets

Foreign exchange reserves once again crossed $400 bn mark in previous week, after they rose $1.208 bn to $400.741 bn

Forex reserves dips by $1.68 bn to $369.6 bn in week to Sep 16
Business

Forex reserves dips by $1.68 bn to $369.6 bn in week to Sep 16

The reserves had touched a record high of $371.279 billion after it increased by $3.513 billion in the previous week

Forex reserves dips $231 mn to $363.23 bn in week to June 10
Business

Forex reserves dips $231 mn to $363.23 bn in week to June 10

In the previous week, the reserves had increased by $3.27 billion to hit an all-time high of $363.46 billion

Forex reserves hit all-time high of $355.947 bn in week ended 18 March
Business

Forex reserves hit all-time high of $355.947 bn in week ended 18 March

The reserves previously had touched a high of $355.46 billion in the week ended 19 June last year

Forex reserves rises by $1.589 bn to $349.152 bn last week
Business

Forex reserves rises by $1.589 bn to $349.152 bn last week

FCAs, a major component of overall reserves, increased by $1.584 billion to $326.631 billion in the reporting period

Forex reserves drops by $149.7 mn on strengthening dollar, foreign fund outflows
Business

Forex reserves drops by $149.7 mn on strengthening dollar, foreign fund outflows

slight fall in the Forex reserves can be attributed to the dollar selling by Reserve Bank of India (RBI) to stabilise the rupee value

RBI's move to stem rupee's fall erodes forex reserves by $1.90 bn
Business

RBI's move to stem rupee's fall erodes forex reserves by $1.90 bn

Forex reserves stood at $351.73 billion for the week ended November 6

Dr Rajan, it's time for the RBI itself to buy gold - as Subbarao did in 2009
Business

Dr Rajan, it's time for the RBI itself to buy gold - as Subbarao did in 2009

The fall in global gold prices is an opportunity for the RBI to buy gold for its reserves. The same logic that applied in 2009, when it bought gold from the IMF, applies now.

Gold plunge: Is RBI a gainer or loser?
Economy

Gold plunge: Is RBI a gainer or loser?

With prices falling, central banks actually have an opportunity to buy into the yellow metal because holding the metal is part of a long-term strategy for diversifying currency reserves.

India's foreign reserves down by $93 mn
Economy

India's foreign reserves down by $93 mn

India's foreign exchange (forex) reserves went down by $92.8 million to $296.53 billion for the week ended Dec 21, data released by the Reserve Bank of India (RBI) showed.