The deficit increased to $ 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19 as against 1.8 per cent in the previous year.
India's foreign exchange reserves rose by $4.405 billion for the week ended August 28, to $276.362 billion as compared to $271.957 billion in the previous week.The foreign currency assets (FCA), during the week, declined to $260.523-billion from $260.938 billion in the week-ago period, RBI said in its weekly report on Friday.
India's foreign exchange reserves declined by $249 million to $249.27 billion for the week ended February 27, 2008 on revaluation of global currencies like the euro and pound sterling against the US dollar, and liquidation of Indian investments by foreign investors.Foreign currency assets declined by $1.10 billion to $238.71 billion, according to the Weekly Statistical Supplement released by the Reserve Bank of India.
The Monetary policy committe comprising 6 members voted 6-0 in the favour of the rate cut.
The Rupee is expected to weaken further against the dollar.
India's foreign exchange reserves shot up to an all-time high of $339.99 billion.
According to data released by the Reserve Bank of India on Friday, foreign currency assets dropped by $4.54 billion to $238.30 billion during the week. Gold and special drawings rights have remained unchanged in the reserve. During the week, the reserve position in the International Monetary Fund dropped by $15 million to $828 million.
Gold reserves declined by $346.2 million.
Foreign currency assets increase by $3.902 billion
India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
Foreign exchange reserves increased $1.43 billion to $199.18 billion during the week ended March 30, according to the weekly supplement released by the Reserve Bank of India .
Foreign exchange reserves increased $675 million to $164.023 billion for the week
Foreign exchange reserves increased $1.547 billion to $195.957 billion for the week ended March 16, according to the weekly supplement released by the RBI on Friday.
Foreign exchange reserves have hit a fresh high.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
India's foreign exchange reserves declined $1.73 billion to $254.21 billion during the week ended May 15, 2009, mainly due to revaluation of currencies.
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
The department of economic affairs, in its Monthly Economic Review for September, said critical reforms undertaken by the government will put India to a strong and sustainable growth path in the long run.
India's foreign exchange reserves declined by $2.599 billion to $293.11 billion in the week ended January 3 on account of a fall in foreign currency assets, RBI said.
Foreign exchange reserves increased $924 million to $179.052 billion during the week ended January 26, according to the weekly supplement released by the Reserve Bank of India on Friday.
Foreign exchange reserves zoomed $841 million to $177.426 billion for the week ended January 12, according to the weekly supplement released by the Reserve Bank of India on Friday.
Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.
The country's gold reserves remained unchanged at $19.377 billion.
Foreign exchange reserves increased $987 million to $155.196 billion for the week ended April 14, 2006, according to the weekly supplement released by the RBI on Friday.\n\n
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.
The Reserve Bank of India has opposed Finance Minister P Chidambaram's budget proposal to use part of the foreign exchange reserves of over $200 billion to provide "credit wrap," or credit guarantee insurance, for financing infrastructure projects.
The reserves growth picked up speed in the second quarter, with $178 billion added, ending the decline in the first two months when monthly exports tumbled to near a decade low, the apex bank, People's Bank of China said on Wednesday. China's huge stockpiles, which expanded by 17.84 per cent in the first half year on year, are more than double those of Japan, the second largest holding $1.02 trillion.
India's foreign exchange reserves fell by $481 million to $254.759 billion for the week ended January 9 from $255.240 billion in the previous week.During the period, the foreign currency assets (FCAs) also decreased by $458 million to $245.417 billion as against $245.417 billion in the previous week.
The Prime Ministry's Economic Advisory Council Chairman also said fiscal deficit is a concern too and suggested raising domestic oil prices to restrict it to the budget target of 4.8 per cent of the gross domestic product in this fiscal.
India's foreign exchange reserve went up by $3.59 billion to $254.05 billion during the week ended December 19, 2008 mainly on account of revaluation in foreign currency. The foreign currency assets rose by $3.58 billion to $ 245.30 billion, according to the latest data released by the Reserve Bank of India on Friday.
How long will the RBI allow the government to borrow cheaply? A change in policy direction will see rates climb and bond values fall. Investors in debt funds are therefore at risk, as are people invested in the heated stock market, warns T N Ninan.
Foreign currency assets, which stood at $236.971 billion in the previous week, went up to $238.968 billion this week, RBI data showed on Friday. Gold reserves, during the week, declined to $7.861 billion from $8.382 billion in the week before while the country's special drawing rights remained unchanged at $3 million, the data said.
In the previous reporting week, the reserves had surged by $954.6 million to $294.36 billion.
Foreign exchange reserves declined $1.156 billion to $142.618 billion for the week ended November 4, according to the weekly supplement released by the RBI.
India's foreign exchange reserve fell by $5.01 billion to $246.35 billion during the week-ended November 14, 2008 as the Reserve Bank of India intervened in the markets to check steep depreciation of the rupee.
Foreign exchange reserves increased $678 million to $143.774 billion for the week ended October 28, 2005, according to the weekly supplement released by the RBI on Friday.
The country's foreign exchange reserves rose by $954.6 million to $294.36 billion on account of gains in the value of gold reserves, the Reserve Bank said.
India's foreign exchange reserves rose by $631 million for the week ended April 24 to $253.091 billion from $252.460 billion in the previous week.
In a significant shift in its stance, the Reserve Bank of India the custodian of India's foreign exchange reserves has supported the proposal to set up a sovereign wealth fund (SWF). But, unlike other countries, including China, which recently set up a $200 billion fund, its focus will be limited to the infrastructure sector.
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