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FOREX RESERVES NEWS

India's forex reserves snap 3-week gaining streak

February 21, 2025 9:05 pm

The reserves fell by $2.54 billion in the reported week, the most in a month. The reserves had risen by a total of $14.3 billion in the prior three weeks.

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In calibrated move, RBI loosens grip, lets rupee depreciate against US dollar

January 19, 2025 10:24 pm

Since December 10, rupee has depreciated 2.12% against US dollar to touch 86.62

India's forex reserves see sharpest weekly drop on record, hit over four-month low, on stronger dollar, RBI action

November 22, 2024 6:05 pm

Forex reserves have fallen by a total of nearly $30 billion in the last six weeks and are down by $47 billion from the record high of $704.89 billion hit in late September.

Foreign exchange reserves touch a record high of $704.88 billion

October 04, 2024 9:43 pm

RBI has been building forex reserves to create a buffer against any global spillovers.

The previous all-time high for the overall reserves was recorded at USD 674.919 billion as of August 2.

Forex kitty swells by $7 billion to hit record high of $681.69 billion

August 30, 2024 5:59 pm

The overall reserves had jumped by USD 4.546 billion to USD 674.664 billion in the previous reporting week.

In second consecutive week of decline, India's forex reserves drop $2.28 billion to $640.33 billion

April 26, 2024 6:13 pm

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 had been a steady accretion over the past few months.

India's forex reserves jump to record high of $642.63 billion

March 29, 2024 6:41 pm

The reserves jumped by $139 million in the reporting week.

India's forex reserves increase by $591 million to $616.7 billion

February 02, 2024 5:46 pm

In the previous reporting week, the overall reserves had dropped USD 2.795 billion to USD 616.143 billion. The country's forex kitty had reached an all-time high of USD 645 billion in October 2021.

Shaktikanta Das, current account deficit, Forex reserves, monetary policy committee, Indian express business, business news, business articles, business news stories

Forex to OMOs, what RBI Governor said after MPC meet

December 08, 2023 11:34 pm

He said the current account deficit (CAD) is expected to be modest and comfortably financed. A look at what he said on a range of issues:

Forex reserves rise by $ 2.57 bn despite FPI pullout, maturity of $5bn forex swap reflects in reserves

November 03, 2023 8:44 pm

A $5 billion dollar-rupee swap conducted by the RBI last year, where it sold dollars and bought rupees, matured on October 23, leading to a reversal of the trade. The reserves data for the week reflects the impact of this maturity.