Forex reserves at record high, sniff at $360 billion

Forex reserves at record high, sniff at $360 billion

The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by USD 157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

IMF allows China's RMB in benchmark SDR currency basket

IMF allows China's RMB in benchmark SDR currency basket

Zee Media Bureau

New Delhi: The International Monetary Fund allowed Chinese yuan to become a part of its currency reserves basket.

As per a CNBC report, the IMF evaluated China's role as an exporter and the yuan's role as a "freely usable" currency.

Chinese yuan weakens against USD for 8th day, lowest in month

The yuan weakened by 14 basis points against the US dollar, the China Foreign Exchange Trading System said.

 

Forex reserves jump $1 billion to $354 billion after 2 weeks of dips

After declining for two straight weeks, the foreign exchange reserves rose by a healthy USD 1.086 billion to touch USD 354.433 billion for the week to August 14, led by an increase in foreign currency assets.

Forex reserves down $113.5 million at $353.34 billion

The country's foreign exchange reserves declined by USD 113.5 million to USD 353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.

Forex reserves up $322 million: RBI

After four consecutive weeks of decline, India`s foreign exchange reserves grew by USD 322 million in the week ended July 24.

Forex reserves up by $917.5 million to $352.474 billion

Country's foreign exchange reserves rose by USD 917.5 million to touch USD 352.474 billion in the week to May 29, helped by surge in foreign currency assets, according to RBI data.

Forex reserves hit new record high of $353.8 billion

Country's foreign exchange reserves surged by USD 1.745 billion to touch a record high of USD 353.876 billion in the week to May 15, helped by the increase in foreign currency assets, according to RBI data.

Forex reserves rise to $343 billion

After falling last week, the country's foreign exchange reserves surged by a healthy USD 2.788 billion to USD 343.2 billion in the week to April 17 as foreign currency assets (FCAs) rose, the Reserve Bank said.

India's forex reserves down $97.9 million to $322 billion

Special drawing rights decreased by USD 61.4 million to USD 4.047 billion.

Forex reserves hit all-time high at $322.14 billion

India's foreign exchange reserves jumped by a massive USD 2.66 billion to touch all-time high of USD 322.135 billion in the week ended January 16, on account of surge in foreign currency assets, RBI said Friday.

India's forex reserves up $236 million to $319 billion

The country's gold reserves remained unchanged at USD 19.377 billion.

Forex reserves stand at nearly $320 billion

India's foreign exchange reserves in the week to December 19 surged by a whopping USD 3.163 billion to USD 319.997 billion on the back of a massive jump in foreign currency assets.

India forex reserves up $1.432 billion to $316.311 billion

The country's reserves surged by USD 1.432 billion to USD 316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed Friday.

India's forex reserves down $672 million

According to the RBI`s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, declined $664.3 million at $289.39 billion in the week under review.

Forex reserves down by USD 672.4 million to USD 314.87 billion

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and the yen held in reserves.

Forex reserves up by $419.4 million to $315.55 billion

The country's forex reserves rose by USD 419.4 million to USD 315.551 billion in the week to November 14, driven by a rise in foreign currency assets.

India forex reserves up $1.309 bn to $312.737 billion

After falling for five straight weeks, the country's reserves rose by whopping USD 1.309 billion to USD 312.737 billion in the week to October 10, on account of rise in foreign currency assets, according to data released by the RBI Friday.

Forex kitty slips for 5th week in a row, plunges $2.75 billion

In the reporting week, foreign currency assets, a major constituent of overall reserves, decreased USD 1.803 billion to USD 285.588 billion, RBI said.

India's forex reserves slip further to $315.59 billion

Continuing a downward trend for the third consecutive week, India's foreign exchange reserves fell by USD 101.3 million to USD 315.596 billion in the week to September 19 despite a rise in non-US currency assets.