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.
India's forex reserves came down by $30 million to stand at $165.275 billion during the week ended October 13 as against $165.305 billion during the week ended October 6.
Supporting the industry ministry's proposal to set up a sovereign wealth fund to finance infrastructure projects, Chief Economic Adviser Kaushik Basu on Monday said India can use a part of its large foreign exchange reserves to create the fund.
India's foreign exchange reserves declined by a huge $2.23 billion to $275.49 billion on a sharp dip in the foreign currency assets, the Reserve Bank said on Friday.
The total reserves stood at $292.647 billion in the previous reporting week.
The country's foreign exchange reserves rose by $1.434 billion in the week ended August 9, after dropping by $2.99 billion previous week, the Reserve Bank of India said.
Foreign exchange reserves moved up $771 million to $89.327 billion in the week ended September 26, 2003 when compared with $88.556 billion in the previous week, according to the weekly supplement released by the RBI on Saturday.
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's forex reserves increased by $157 million to stand at $163.033 billion during the week ended on June 16, as against $162.876 billion during the week ended June 9.
The SC's dismissal of the Income-Tax department's plea that companies cannot claim deductions against tax liabilities on account of losses due to foreign exchange rate fluctuations legitimises the way companies were accounting for these forex losses.
India's forex reserves decreased by $6.844 billion to stand at $137 billion during the week ended December 30 against $144 billion during the preceding week.
India's forex reserves increased by $2.96 billion to stand at $151.622 billion during the week ending March 31, 2006 against $148.662 billion during the week ending March 24.
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.
After rising continuously for the past three weeks, India's foreign exchange reserves fell by $1.1 billion for the week ended August 19, 2005.
India's foreign exchange reserves rose by $2.03 billion at $142.6 4 billion, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
India's gold reserves and special drawing rights in the week remained unchanged at $9.746 billion and $1 million respectively, the central bank said.
t might not have been advisable to use the over $250 billion forex reserves to pump in the economy earlier when India had high inflation, but now with deflationary trends, the government should use it to remove infrastructure deficits. India's foreign exchange reserves stood at $249.278 billion during the week ended February 27.
India's forex reserves increased by $921 million to stand at $143.098 billion during the week ended December 2 against $142.18 billion during the preceding week.
India's foreign exchange reserves declined by $676 million for the week-ended June 24, 2005 due to revaluation of international currencies including US dollar.
India's foreign exchange reserves declined by $ 310 million for the week ended on 11 November.
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The country's foreign exchange reserves declined by $1.47 billion to $633.61 billion in the week ended December 31, RBI data showed. In the previous week ended December 24, the reserves dipped by $587 million to $635.08 billion. It touched a life-time high of $642.45 billion in the week ended September 3, 2021.
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A forensic probe has been ordered into alleged irregularities by the department of financial services.
The country's foreign exchange reserves declined by $908 million to $640.1 billion in the week ended October 22, RBI data showed. In the previous week ended October 15, the reserves had increased by $1.492 billion to $641.008 billion. The reserves had touched a lifetime high of $642.453 billion in the week ended September 3, 2021.
China continues to attract good inflows of foreign direct investment, with $3 trillion of forex reserves.
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 rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on Monday as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and firm American currency sapped investor appetite, forex traders said. At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.
Since end-May there has been volatility in the foreign exchange market.
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India's foreign exchange reserves declined for the second week in a row by $333 million for the week ended June 11.
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.
The Union Budget is likely to adopt a three-pronged strategy to bring about the second green revolution in agriculture and evolve methods to tap the $119 billion foreign exchange reserves to boost investment.
The rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee's gain, forex dealers said. At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close.
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.
India's foreign exchange reserves surged $5.04 billion in the week ending March 28, its biggest weekly rise in four months, as the central bank started to buy dollars regularly in an effort to build up its defences against any potential global turmoil.
India's foreign exchange reserves surged further by $1.6 billion to cross the $106 billion mark for the week ended February 6.
With yet another record inflows of over $1 billion during the week ending December 12, 2003, India's foreign exchange reserves neared the $100 billion mark.
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