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May 3, 2024
Indias foreign exchange reserves saw a decline of $2.41 billion to $637.92 billion as of April 26, according to the latest data from the Reserve Bank of India (RBI). This follows a previous decrease of $2.83 billion to $640.33 billion for the week ending on April 19, 2024. The RBIs Weekly Statistical Supplement revealed that Foreign Currency Assets (FCAs) dropped by $1.16 billion to $559.7 billion, while Gold reserves decreased by $1.28 billion to $55.53 billion.
April 26, 2024
Indias forex reserves dropped by $2.83 billion to $640.33 billion as of April 19, as per the latest Reserve Bank of India data. This decline follows a previous decrease of $5.4 billion to $643.16 billion reported for the week ended April 12, 2024. Foreign currency assets (FCAs) shrank by $3.79 billion to $560.86 billion, while gold reserves increased by $1.01 billion to $56.81 billion.
April 19, 2024
Indias foreign exchange reserves saw a decline of $5.4 billion to $643.16 billion as of April 12, as per the latest data from the Reserve Bank of India (RBI). This followed a surge of $2.9 billion to a record high of $648.56 billion in the previous week. The decline was primarily due to a decrease of $6.51 billion in foreign currency assets (FCAs), which include assets denominated in currencies other than the US dollar.
March 29, 2024
Indias foreign exchange reserves continued their upward trend, reaching $642.63 billion as of March 22, marking the fifth consecutive weekly increase. The rise amounted to $140 million for the reporting week. Foreign currency assets (FCAs) decreased slightly to $568.26 billion, while gold reserves saw an increase to $51.49 billion.
February 2, 2024
Indias foreign exchange reserves surged by $591 million to $616.73 billion for the week ending on January 26, the latest data by Reserve Bank of India (RBI) showed on Friday.
January 12, 2024
Indias foreign exchange reserves dropped by $5.90 billion to reach $617.30 billion for the week ending January 5. The decline followed seven consecutive weeks of rising reserves. Foreign currency assets (FCAs) decreased by $4.97 billion to $546.65 billion, while gold reserves dropped by $839 million to $47.49 billion.
October 5, 2023
After touching an 11-month high earlier this week, the dollar index, which tracks the greenback against six other currencies including the euro and yen, edged 0.07% lower to 106.68 after Wednesdays data showed U.S. private payrolls increased far less than expected in September.
September 29, 2023
Indias foreign exchange reserves have decreased by $2.335 billion to $590.702 billion, according to the Reserve Bank of India. Foreign currency assets dropped by $2.55 billion to $523.40 billion, while gold reserves increased by $307 million to $44.31 billion. Reserve position in the IMF decreased by $11 million to $5.02 billion.
September 22, 2023
Indias foreign exchange reserves dropped by $867 million to $593.037 billion for the week ending September 15, according to data from the Reserve Bank of India (RBI). The decrease was primarily due to a drop in foreign currency assets and gold reserves.
August 18, 2023
This is the first increase in the forex kitty after declining for three consecutive weeks.