Forex Kitty News Today

Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves

According to the data released by Reserve Bank of India on 12 April, Indias forex jumed to $648.562 billion which is the seventh consecutive week of a jump in overall reserves.

Indias foreign exchange reserves dip by of $5.24 billion to $617.23 billion for the week ending on February 9, latest data by Reserve Bank of India (RBI) showed on Friday.

For the week ended February 2, the foreign currency assets, a major component of the reserves, increased by USD 5.186 billion to USD 55.331 billion, as per the data of RBI

Indias forex reserves increased by $4.47 billion to $620.44 billion for the week ending December 22, according to the Reserve Bank of India (RBI). Foreign currency assets expanded by $4.69 billion to $549.75 billion. Gold reserves decreased by $102 million to $47.47 billion. The RBI has been deploying the kitty to defend the rupee amid global pressures.

India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. The f

The forex kitty fell by as much as $2.3 billion during the week after having plunged by as much as $5.9 billion in the two preceding weeks.

In the previous reporting week, the overall reserves had dropped by USD 30 million to USD 594.858 billion.

The RBIs foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion. The decline was the largest since the week ended February 10, RBI data showed.