Risk management is too technical and dynamic a field to lend itself to decision-making by a committee. It needs to be run by professionals with a clear mandate and accountability, says Jamal Mecklai.
After registering a decline for the past four weeks, India's foreign exchange reserves increased by $175 million for the week ended May 27, 2005.
The country's foreign exchange reserves increased by $2.76 billion to $632.95 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by $1.76 billion to $630.19 billion. During the reporting week, the rise in overall reserves was on account of an increase in the foreign currency assets (FCA), a major component of the overall reserves, the Reserve Bank of India's (RBI) weekly data released on Friday showed.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
The gold reserves remained stable at $19.335 billion.
The amounts were transferred from HDFC Bank to BoB.
The country's forex reserves jumped by $6.70 billion to $315.72 billion on the back of sharp increase in the foreign currency assets, the Reserve Bank of India said on Friday.
The country's foreign exchange reserves declined by $1.76 billion to $630.19 billion in the week ended on February 11, the RBI data showed. In the previous week ended February 4, the reserves had risen by $2.2 billion to $631.95 billion. It touched a lifetime high of $642.45 billion in the week ended on September 3, 2021.
India's forex reserves fell for the fourth week in a row by $520 million to $139 billion for the week ended May 20, 2005.
India's foreign exchange reserves rose by $88 million to $141.54 billion for the week ended April 15, 2005.
The surge in India's foreign exchange reserves continued with a further rise of $611 million to cross $118 billion for the week ended April 30.
India's foreign exchange reserves rose by $332 million during the week ended October 15, 2004, compared to $20 million a week earlier.
India's foreign exchange reserves continued their upward swing, crossing the $117 billion mark with further inflows of $1.53 billion for the week ended April 16.
Technical analysis can help you understand market trends so that you can make informed investment decisions, says Rupak De, senior technical analyst at LKP Securities.
The fall in reserves was due to a sharp fall in foreign currency assets.
Also, there were not many clients in the market as they had already made alternate arrangements due to the strike.
After witnessing a downward trend for the past two weeks, India's foreign exchange reserves rose by $1.01 billion to cross the $119 billion mark during the week ended August 6.
In the previous week, total reserves dropped by $273.8 million to $312.382 billion.
In the wake of foreign exchange reserves of the country reaching $100 billion, the Reserve Bank of India (RBI) has undertaken a review of the main policy and operational matters relating to management of the reserves.
India's foreign exchange reserves, now at $100.05 billion, is expected to reach $104 billion by March, but its high growth may slow down due to rising trade deficit, according to the Institute of Economic Growth.
The forex reserves rose for the third consecutive week, surging by a robust $2.691 billion to $286.26 billion on a healthy jump in foreign currency assets, the Reserve Bank said.
The reserves had touched an all-time high of $367.16 billion previously
The rupee declined by 10 paise to close at 79.23 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local currency opened at 79.20 and finally ended at 79.23, down 10 paise over its previous close of 79.13. "Gains for the currency were short-lived even after RBI announced forex related measures. "Pound held on to its gains after Boris Johnson said he was quitting as prime minister following a rush of ministerial resignations and calls for him to go," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
India on Friday made a strong pitch for a sovereign rating upgrade with Moody's and also questioned the parameters based on which the US-based agency accords ratings, sources said on Friday. Ahead of its annual review of the sovereign rating, Moody's Investors Service representatives met Indian government officials during which the officials highlighted the reforms and strong fundamentals of the Indian economy. A higher rating for India would mean the nation is less riskier, translating into lower interest rates on borrowings.
The country's foreign exchange reserves declined by $4.53 billion to stand at $629.75 billion in the week ended January 28, RBI data showed on Friday. In the previous week ended January 21, the reserves had decreased by $678 million to $634.29 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.
Foreign exchange reserves climbed further by $ 402 million to a new record high of $109.998 billion during the week ended March 19 from $109.596 billion a week ago.
Show-cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P Chidambaram who appears to be the controller and ultimate beneficiary in these transactions, the ED said in its notice.
India's foreign exchange reserves grew further by $899 million to touch $107.5 billion for the week ended February 13.
The country's foreign exchange reserves went up by $761 million to $104.998 billion in the period under review, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
India's foreign exchange reserves crossed the $77 billion mark, a record high, following fresh inflows during the week ended April 25.
The move comes even as Bank of India on Wednesday said its corporate clients will suffer mark-to-market losses of around Rs 125 crore. It has 34 clients with 74 derivative transactions. Last week, State Bank of India said its clients may incur MTM losses of up to Rs 700 crore at the end of March 2008.
The country's foreign exchange reserves grew by $2.23 billion to $634.96 billion in the week ended January 14, RBI data showed. In the previous week ended January 7, the reserves had declined by $878 million to $632.74 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.
The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts. The Indian rupee hit an all-time low recently, closing at 83.15 per dollar. Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.
The foreign exchange reserves of the country moved up further by $337 million to a new record high of $66,925 million during the week ended November 29.\n\n\n\n
India's foreign exchange reserves shot up by $960.2 million to $280.17 billion on the back of a healthy rise in currency assets in the week ended July 26, Reserve Bank said.
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
Emerging nations have discussed delinking the quotas from the governance reforms to facilitate its passage.
The country's foreign exchange reserves dipped by $0.985 billion to $279.20 billion, the Reserve Bank said on Friday.
The country's foreign exchange reserves rose by $21.1 million to $280.19 billion, the Reserve Bank said.
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