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Foreign exchange

27 Sep 2024

India's Forex Reserve Touches Fresh Record High Of USD 692.3 Billion

This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.

India's forex reserves

15 Sep 2024

India's Forex Reserves Are On The Rise; Gained USD 66 Billion In 2024

According to the latest data from the RBI released this week, India's foreign currency assets (FCA), the largest component of forex reserves, were at USD 604,144 points.

India forex reserves

09 Aug 2024

India's Forex Reserves Touch Fresh High Of USD 675 Billion

In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty.

08 Aug 2024

India's Forex Reserves At Historic High Of $675 Billion: RBI Chief

The RBI chief further stated that buoyancy in services exports and strong remittance receipts are expected to keep CAD within a sustainable level in Q1:2024-25.

India's forex reserve

26 Jul 2024

India’s Forex Reserves Surge To Lifetime High Of $670.86 Bn

A strong Forex kitty enables the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall.

20 Jul 2024

India's Forex Reserves Hit Record USD 666.85 Billion

According to a recent RBI report, India's foreign exchange reserves are now sufficient to cover over 11 months of projected imports.

10 May 2024

India’s Forex Reserves Surge By $3.7 Bn To Touch $641.6 Bn Mark

RBI Governor Shaktikanta Das on Friday referred to the record foreign exchange reserves as a reflection of the strength of the Indian economy.

India forex reserve

02 Feb 2024

Forex Reserves Increase USD 591 Mn To USD 616.7 Bn

Gold reserves increased USD 269 million to USD 47.481 billion during the week, the RBI said.

16 Jun 2023

India's Forex Reserves Declined USD 1.32 Bn Last Week To USD 593.75 Bn

The forex reserves had fallen largely because of the RBI's intervention in the market to defend the depreciating rupee against a surging US dollar.

17 Dec 2022

India's forex reserves up for 5th consecutive week

On December 9, India's Forex Reserve increases by USD 2.91 billion. Current India's Forex Reserve is USD 564.07 billion. Gold reserves during the latest week declined by USD 296 million to USD 40.729 billion.

05 Nov 2022

Explained: What is forex reserve and why is it so important for countries?

Forex reserve helps countries overcome economic instability It helps maintain stability of domestic currency It calms investors in times of wars or unrest

Mallikarjun Kharge

27 Oct 2022

'Would PM Modi say anything on this?': Kharge on falling rupee

Mallikarjun Kharge claimed that there was a decline of USD 85 billion in the forex reserves in the first half of the fiscal and alleged that India's forex store dipped faster than its peers

08 Oct 2022

India's Forex Reserve falls to the lowest level in the last two year

India's Forex reserves falls to $532 billion on September 30. RBI uses its as a buffer to defend rupee against global market volatility. This is the lowest level of India`s forex reserves since July 24, 2020.

07 Jan 2022

India's forex reserves decline by over $1.4 billion

Forex reserves comprise of foreign currency assets, gold reserves, SDRs, and the country`s reserve position with the IMF. On a weekly basis, FCAs edged lower by $1.480 billion to $569.889 billion. The value of the country's gold reserves inched up by $14 million to $39.405 billion.

13 Jun 2020

India's forex reserves jump $8.22 bn, crosses $500 bn mark for first time

India's foreign reserves crossed the $500 billion mark on Friday for the first time after registering a massive surge of $8.22 billion in the week ended June 5 aided by higher foreign inflows.

08 Jun 2018

India's Forex reserve down by USD 593 million, says RBI

The overall forex reserves declined to USD 412.23 billion from USD 412.82 billion reported for the week ended May 25, according to RBI.

Rupee Vs dollar

08 Sep 2017

Forex kitty swells by $3.57 billion, closes in on $400 bn-mark

In the previous week, the reserves had increased by USD 1.148 billion to USD 394.55 billion.

Rupee Vs dollar

01 Sep 2017

Forex kitty rises to record $394.55 billion

Gold reserves remained unchanged at USD 19.943 billion.

22 Oct 2016

FCNR payments, strong US dollar deplete India's forex reserves

A strengthened US dollar and FCNR B (Foreign Currency Non Resident Bank) payments, drained $1.50 billion from India`s foreign exchange (Forex) kitty, experts said on Saturday.

22 Aug 2015

Ability to withstand challenging global trends strong: Jaitley

He emphasised that macroeconomic indicators like inflation, forex reserve, capital investment in infrastructure and revenue collection are all positive.

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