Diabytes
India forex News
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Speaking at the India Credit Spotlight 2022 webinar, S&P Sovereign & International Public Finance Ratings Director Andrew Wood said the country has a strong external balance sheet and limited external debt, making debt servicing not so expensive.
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In the previous week, the reserves had increased by USD 1.148 billion to USD 394.55 billion.
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Gold reserves remained unchanged at USD 19.943 billion.
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India's foreign exchange reserves rose by USD 1.588 billion to USD 363.146 billion in the week to February 3 on a jump in core currency holdings and value of gold reserves, the Reserve Bank said.
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India`s foreign exchange reserves went up marginally to $360.77 billion as on January 20, 2017, the Reserve Bank of India (RBI) said.
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The country's foreign exchange reserves declined by USD 3.03 billion to USD 360.79 billion for the week ended June 24 amid volatility in the currency market after Brexit referendum in the UK.
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In the previous week, the reserves had fallen by USD 121.3 million to USD 360.905 billion.
In the previous week, the reserves had risen by USD 333.7 million to USD 360.250 billion.
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In the previous week, the reserves had increased by USD 157.4 million to USD 359.917 billion.
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Rajan said India will intervene in the currency market when there`s a sustainable risk in global markets and the country sees a flood of capital coming in.
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India's foreign exchange reserves surged by a whopping USD 4.2 billion to touch a record high of USD 359.759 billion in the week ended April 1, mainly on account of rise in foreign currency assets, the Reserve Bank said today.
According to the Reserve Bank of India`s (RBI) weekly statistical supplement, the overall Forex reserves swelled by $2.53 billion to $355.94 billion.
India's foreign exchange reserves may have been at an elevated level, but its other liabilities have gone up, following which the country's net international investment position (NIIP) has ended up in red, says a DBS report.
In the previous week, reserves had increased by USD 407.9 million to USD 352.51 billion.
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India has become the largest remittances receiving country at USD 72 billion this year.
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Let's understand the meaning behind the currency serial numbers.
The rupee had gained 21 paise to end at 66.10 against the US dollar in Friday's trade.
The rupee had recovered by 4 paise to close at 64.93 per dollar yesterday at the Interbank Foreign Exchange market.
According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the Forex reserves, plunged $867.4 million at $289.95 billion in the week under review.
India`s foreign exchange reserves grew by $419.4 million to $315.55 billion for the week ended Nov 14, Reserve Bank of India (RBI) data showed.
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