India’s forex reserves rise at fastest pace since August 2021: RBI data
India’s foreign exchange reserves rose to $544.72 billion in the week through Nov. 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The country’s reserves were at $529.99 billion by Nov. 4. They are still down from around $630 billion at the beginning of this year as the RBI sold a portion of the reserves to prevent a sharp fall in the rupee this year. Also Read :Federal Bank ties up with JCB India to finance heavy equipment buyers In the week ended Nov. 11, softer-than-expected U.S. inflation data helped the rupee mark its best weekly performance in about four years and strengthened it to the 80-per-dollar handle for the first time since mid-September. For the current week, the local currency gave back some of those gains to end down 1.1% at 81.6850 per dollar. Read More The Spuzz.com
India’s Forex reserves near-record high, jump $563 million to $590.028 billion, says RBI data
The country’s foreign exchange reserves rose by USD 563 million to reach USD 590.028 billion in the week ended May 14, RBI data showed on Friday. The reserves had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021. In the previous week ended May 7, 2021, the reserves had increased by USD 1.444 billion to USD 589.465 billion. During the reporting week ended May 14, 2021, the rise in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves. FCAs jumped by USD 377 billion to USD 546.87 billion in the reporting week, as per weekly data by the Reserve Bank of India (RBI). 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 rose by USD 174 million to USD 36.654 billion. The special drawing rights (SDRs) with the International Monetary Fund (IMF) increased by USD 2 million to USD 1.506 billion. The country’s reserve position with the IMF increased by USD 10 million to USD 4.999 billion in the reporting week, the data showed. Source: Financial Express, 21 May 2021
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India's forex reserves rise to life-time high of $424 billion
India's forex reserves surged by $2.6 billion to reach an all-time high of $400.7 billion on account of rise in foreign currency assets, according to RBI. India's forex reserves up by $1.62 million at $481.08 billion कोरोना संकट में भी बढ़ रहा विदेशी मुद्रा भंडार Get ... India's foreign exchange reserves hit a life-time high of 424.361 billion US dollars, the Reserve Bank of India confirmed on Saturday. The forex reserves rose by 1.828 billion dollars in the last ... You are watching India's foreign exchange reserve at all time high Fiscal Deficit Target - https://youtu.be/MYkxBnlGjuM GDP growth rate of India - https://youtu.be/TnsC1rxpkHI The Reserve Bank of India (RBI) will announce its Interest Rate Decision on 6 August at 06:15 GMT. The market consensus is between economists who expect the RBI to stay on hold and others betting ... India's foreign exchange reserve (Forex) has crossed $500 billion first time in the history. In this video Chandraprakash Joshi (Ex AGM RBI) explains - What ... He also announced a cash influx of Rs 15000 for Exim Bank and at the same time, told the press that India's Forex reserve has grown by $9.2 billion dollar #ShaktikantaDas #PressConference #ABPNewsLive