Diabytes
India's foreign exchange reserves News
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In 2022, India's forex kitty slumped USD 71 billion cumulatively. Gold reserves during the week, however, declined by USD 102 million to USD 474.74 billion.
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This was the highest gain since the week concluding on July 14.
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The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit which stood at USD 41.2 billion, brought about by a larger increase in merchandise imports relative to exports.
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India's foreign exchange reserves declined by USD 2.380 billion to USD 360.606 billion in the week to December 16 on account of fall in foreign currency assets, the Reserve Bank said Friday.
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After reaching a life-time high, country's foreign exchange reserves marginally declined by USD 392.6 million to USD 366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said.
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Continuing their downtrend, India's foreign exchange reserves declined by a whopping USD 1.726 billion to USD 347.207 billion in the week to January 15 on account of fall in foreign currency assets (FCAs), according to the Reserve Bank.
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After declining for two straight weeks, the foreign exchange reserves rose by a healthy USD 1.086 billion to touch USD 354.433 billion for the week to August 14, led by an increase in foreign currency assets.
The country's foreign exchange reserves declined by USD 113.5 million to USD 353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.
After four consecutive weeks of decline, India`s foreign exchange reserves grew by USD 322 million in the week ended July 24.
Country's foreign exchange reserves rose by USD 917.5 million to touch USD 352.474 billion in the week to May 29, helped by surge in foreign currency assets, according to RBI data.
Country's foreign exchange reserves surged by USD 1.745 billion to touch a record high of USD 353.876 billion in the week to May 15, helped by the increase in foreign currency assets, according to RBI data.
After falling last week, the country's foreign exchange reserves surged by a healthy USD 2.788 billion to USD 343.2 billion in the week to April 17 as foreign currency assets (FCAs) rose, the Reserve Bank said.
RBI Governor Raghuram Rajan on Wednesday said that the "excessively strong rupee" is undesirable as it triggers disinflationary pressures.
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