Foreign exchange News

The Reserve Bank has said it will continue to undertake liquidity management operations in sync with the monetary policy stance to keep system liquidity adequate to meet the productive requirements of the economy. 

India's reserve position with the IMF was up $43 million at $4.502 billion in the reporting week, the apex bank data showed. 

India’s foreign exchange reserves had shot up by $6.6 billion to a five-month high of $665.4 billion in the preceding week ended on March 28, 2025. 

The reserves have been falling ever since they touched an all-time high of USD 704.89 billion in September, and they are now over 10 percent lower than the peak. 

The country's Forex reserves of over $700 billion are at an all-time high and the fourth-largest in the world. 

According to the RBI’s Weekly Statistical Supplement, Special Drawing Rights (SDRs) experienced a modest increase of $8 million, reaching $18.547 billion.

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

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

India, with an expected 15.2 per cent share in world remittances in 2024, also continues to be the largest recipient of remittances globally.

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

Sri Lanka expects a new shipment of petrol within the next three days, its power and energy minister said on Thursday, as the island nation awaits official confirmation from the Indian government for a new $500 million credit line for fuel. "We are struggling to get suppliers due to overdue payments," Power and Energy Minister Kanchana Wijesekera told reporters.

PM Modi said that 10 percent ethanol blending has saved foreign exchange worth Rs 41,000 crore. He said that it has also led to reduction of 27 lakh tonnes of carbon emission and farmers earned Rs 40,600 crore. Prime Minister Modi was speaking at a programme on `Save Soil Movement` at Vigyan Bhawan.

Sri Lankan government has allowed private companies to import fuel. The move is aimed at easing the burden on state-run fuel retailer Ceylon Petroleum Corporation. The Sri Lankan government on Tuesday raised the petrol price by 24.3 percent and diesel by 38.4 percent.

The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.

India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.

China has reduced the share of US dollars in its foreign exchange basket and added 11 more currencies for measuring the yuan which lost about seven percent value against US dollar last year becoming the worst-performing major Asian currency, a media report said.

India's foreign exchange reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said on Friday.

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 fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank`s clients, US prosecutors said on Wednesday.