Diabytes
Foreign Exchange reserves News
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The dynamics of surplus for RBI was decided by its Liquidity Adjustment Facility (LAF) operations and interest income from its holding of domestic and foreign securities.
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The foreign currency assets comprise multi-currency assets that are held in multi-asset portfolios as per the existing norms, which conform to the best international practices followed in this regard.
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The decline in reserves is most likely due to RBI intervention, aimed at preventing a sharp depreciation of the Rupee.
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Meanwhile, gold reserves decreased by $98 million to $65.658 billion during the week, according to the Central Bank.
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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.
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India's foreign exchange reserves jumped to touch a new lifetime high during the week that ended June 7.
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India, with an expected 15.2 per cent share in world remittances in 2024, also continues to be the largest recipient of remittances globally.
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In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty.
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In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.
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The foreign exchange reserves rose by USD 1.594 billion to touch a life-time high of Rs 372.73 billion in the week to April 28, supported by increase in the foreign currency assets, the Reserve Bank said.
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The country added USD 14.2 billion in foreign exchange reserves on the balance of payment basis during the first nine months of the outgoing financial year, which is marginally down from USD 14.6 billion accretion in the year-ago period, the Reserve Bank said on Thursday.
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Country's foreign exchange reserves surged for the second consecutive week by USD 932.4 million to USD 360.775 billion in the week to January 20 on account of rise in foreign currency assets, the Reserve Bank said today.
In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.
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According to data released by the RBI on Friday, the reserves stood at around $371.99 billion as on September 30, as against $370.76 billion as on September 23.
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China`s mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows.
India's foreign exchange reserves increased by USD 1.166 billion to reach USD 370.766 billion for the week to September 23 on account of rise in foreign currency assets, as per RBI data.
China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.
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India's foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) said.
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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.
After touching a record high, foreign exchange reserves declined by USD 387.5 million to USD 355.559 billion in the week to March 25, the Reserve Bank said on Friday.
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