Diabytes
Gold reserves News
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The latest RBI data showed that India's foreign currency assets (FCA), the largest component of forex reserves, stood at USD 539.591 billion.
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The RBI bought another 8 tonnes of gold in November 2024, as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.
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The RBI has increased its buying to 73 tonnes in the first 11 months of 2024 and its total gold holdings to 876 tonnes, maintaining its position as the second largest buyer during the year after Poland.
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While India remains a significant player in the global gold market, other central banks also contributed to the accumulation in February.
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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.
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In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
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The foreign currency reserves, a major component of the overall reserves, declined by USD 1.028 billion to USD 376.428 billion, according to the RBI data.
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Gold reserves remained unchanged at USD 20.691 billion. The special drawing rights with the International Monetary Fund (IMF) declined by USD 1.2 million to USD 1.512 billion.
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Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.
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Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
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Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
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Gold reserves remained unchanged at USD 20.095 billion.
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India's forex reserves surged by USD 2.404 billion to reach life-time high of USD 381.167 billion in the week to June 2 on account of rise in foreign currency assets, the Reserve Bank said on Friday.
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The country's forex reserves rose by a whopping USD 4.036 billion to life-time high of USD 379.310 billion in the week ended May 19, helped by a surge in the foreign currency assets, the Reserve Bank said.
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After touching a record high, the country's forex reserves declined marginally by USD 443.6 million to USD 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said.
The reserves had risen by $1.594 billion to $372.73 billion in the previous week.
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India's foreign exchange reserves rose by USD 889.4 million to USD 369.887 billion during the week ended April 14, helped by increase in foreign currency assets, the Reserve Bank said.
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The reserves had increased by $2.022 billion to $369.954 billion in the previous reporting week.
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The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.
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