India's foreign exchange reserves shot up for a third week in a row, adding a healthy $1.9 billion to touch $281.12 billion in the week to October 18 on account of growth in a key component, the Reserve Bank said.
India's foreign exchange reserves recorded one of the highest ever inflows of dollar -- $3.74 billion -- to cross the $130-billion mark during the week ended December 3, 2004
India's foreign exchange reserves rose further by $1.31 billion to cross $123 billion during the week ended November 12 due to huge overseas investment in stock market and trade inflows.
After recording a massive jump of over $1 billion in the previous week, India's foreign exchange reserves crossed a record high level of $70 billion in the week ended December 27.
After witnessing a decline in the past two weeks, India's foreign exchange reserves rose by $587 million to reach $1,19,932 million mark, for the week ended 18.
India's foreign exchange reserves rose by a healthy $1.51 billion to touch $279.240 billion in the week to October 11 on account of growth in a key component of the assets, the Reserve Bank said.
After witnessing a decline in the previous week, India's foreign exchange reserves soared by over $1.24 billion to cross $119 billion, for the week ended May 28.
India's foreign exchange reserves -- pegged at over $109 billion -- are not in plenty, RBI Deputy Governor K J Udeshi said on Friday.
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any 'specific level or band' of the rupee, which slipped to an all-time low of 87.59 to a US dollar. On Thursday, the rupee plunged 16 paise to close at a record low of 87.59 against the American currency. "I would like to mention here that the Reserve Bank's exchange rate policy has remained consistent over the years.
The fall in total reserves was mainly because of a decline in foreign currency assets worth $4.5 billion, the data showed.
India's foreign exchange reserves surged ahead by $698 million to race past the $96 billion mark for the week ended November 28, inching towards the $100 billion figure.
India's foreign exchange reserves witnessed a massive jump with a further accretion of 1.710 billion, a record rise in the current fiscal, to surge past the $95 billion mark for the week ended November 21.\n\n\n\n
The country's foreign exchange reserves rose by $2.04 billion to $639.52 billion in the week ended October 8, according to RBI data. In the previous week ended October 1, the reserves had dipped by $1.17 billion to $637.48 billion. The reserves had surged by $8.90 billion to a life time high of $642.45 billion in the week ended September 3.
India's foreign exchange reserves rose by $148 million at $85.563 billion, a record high level, during the week ended August 22.
India's foreign exchange reserves crossed the $84 billion mark following record inflows during the week ending July 18, 2003.
India's foreign exchange reserves continue to scale new heights and crossed the $79 billion mark following inflows of $666 million during the week ending May 17.\n\n\n\n
India's foreign exchange reserves swelled by $343 million to record high of $81.672 billion, during the week ended June 6.\n\n\n\n
India's foreign exchange reserves rose by $235 million at $75.040 billion during the week ended April 4.
India's foreign exchange reserves continued to rise and grew by $863 million at $73,740 million during the week ended March 7.
The country's foreign exchange reserves touched a life time high of USD 555.12 billion after it surged by USD 3.615 billion in the week ended October 16, according to RBI data.
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
The country's foreign exchange reserves declined by $1.581 billion to stand at $611.149 billion for the week ended July 23, RBI data showed on Friday. The reserves had reached a lifetime high of $612.730 billion after rising by $835 million in the previous week ended July 16, 2021. In the reporting week, the drop in the reserves was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
Gold reserves rose by $321 million in the reporting week to $37.521 billion.
It is undeniable that India's foreign exchange reserves have helped in limiting the impact of the financial crisis. If India had gone into the crisis with $100 or even $150 billion of reserves instead of $300 billion, the rupee would have declined more steeply, more quickly. China with its nearly $2 trillion of reserves suffered very little effect on the currency, says Arvind Subramanian.
Gold reserves remained unchanged at $21.584 billion.
India's foreign exchange reserves nearly hit a nine-month low and fell by $5 billion to $302 billion for the week ended December 16, on account of revaluation in foreign currency assets.
The country's foreign exchange reserves increased by $1.701 billion to $584.107 billion in the week ended April 23, 2021, RBI data showed. In the previous week ended April 16, 2021, the reserves had risen by $1.193 billion to $582.406 billion. The reserves had touched a lifetime high of $590.185 billion in the week ended January 29, 2021.
The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.
The country's foreign exchange reserves swelled by USD 3.005 billion to a lifetime high of USD 490.044 billion in the week ending May 22, mainly on account of a rise in foreign currency assets, RBI data showed on Friday. In the previous week, the reserves had increased by USD 1.726 billion to USD 487.04 billion.
The reserves had dropped by $1.434 billion to $348.934 billion.
The country's foreign exchange reserves increased by $1.739 billion to $582.037 billion in the week ended on March 12, the RBI data showed. In the previous week ended March 5, the reserves had declined by $4.255 billion to $580.299 billion. The reserves had touched a record high of $590.185 billion in the week ended January 29, 2021.
The gold reserves remained unchanged at $18.691 billion.
In the previous week, reserves had declined by $1.03 billion to $353.33 billion.
Foreign currency assets rose $1.569 billion to $329.58 billion
The country's foreign exchange reserves fell by $1.151 billion to $277.042 billion for the week ended March 26, against $278.193 billion in the previous week.
The country's foreign exchange reserves fell by $249 million to $583.697 billion in the week ended February 12, RBI data showed on Friday. In the previous week, the reserves had declined by $6.24 billion to stand at $583.945 billion. It had touched a record high of $590.185 billion in the week ended January 29, 2021.
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.
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