Reversing the trend of net inflows seen over the past three weeks, India's foreign exchange reserves dropped by a whopping $1.53 billion to $119.57 billion for the week ended July 23.
At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC's haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with direct knowledge of the matter said on condition of anonymity.
India's foreign exchange reserves surged by $685 million to touch $108.36 billion following fresh inflows and revaluation of the United States currency vis-a-vis other currencies for the week ended February 27.
India's foreign exchange reserves surged ahead with further accretion of $169 million due to fresh inflows and revaluation of the US currency vis-a-vis other currencies for the week ended February 20.\n\n\n\n
India's foreign exchange reserves continued to rise with inflows of $464 million to reach record levels of $109.59 billion for the week ended March 12.
India's foreign exchange reserves rose to $100.59 billion in the week ended December 26 from $100.04 billion the previous week, according to the Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The Reserve Bank of India (RBI) on Friday cut the repo rate by 25 basis points to 6.25 percent, marking the first reduction in five years. The central bank also projected GDP growth for fiscal year 2026 at 6.7 percent and inflation to come down to 4.2 percent in FY26 from 4.8 percent in FY25. The RBI said the global economic backdrop remains challenging but the Indian economy continues to remain strong and resilient.
India's foreign exchange reserves surged ahead by a record inflow of over $1.7 billion to touch $103.82 billion during the week ended January 9, 2004.
The foreign exchange kitty had crossed the half-a-trillion mark for the first time in the week ended June 5, 2020, after it had swelled by $8.223 billion to stand at $501.703 billion.
India's foreign exchange reserves rose by $692 million at $86,255 million during the week ended August 29.
India's foreign exchange reserves crossed the $81 billion mark following inflows of $513 million during the week ended May 30.\n\n\n\n
Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22.
The foreign exchange reserves rose by $2 billion to $279.096 billion for the week ended April 2 as against $277.042 billion in the previous week.
Rise in reserves was predominantly on account of increase in FCAs
India's foreign exchange reserves crossed the $100 billion mark during the week ending December 19 and stood at $100.049 billion.
The foreign exchange reserves moved up $326 million to $76.077 billion for the week ended April 18, 2003.
India's foreign exchange reserves declined by $215 million at $81.905 billion during the week ended June 27, 2003. \n\n\n\n
After declining for two consecutive weeks, the country's foreign exchange reserves jumped by $2.294 billion to $316.801 billion on the back of healthy rise in foreign currency assets last week.
Raghuram Rajan has described the fall in reserves as dip in valuation with appreciation of dollar against other currencies
The rupee, which has been in virtual free fall over the past few days, recovered slightly to close at Rs 83.20 to the dollar in the inter-bank market after State Bank of Pakistan intervened by selling about USD 40 million in the foreign exchange market. Experts have attributed the fall of the rupee's value to speculation as well as a high demand for dollars from importers and general consumers.
The country's foreign exchange reserves dipped by $223 million to $299.17 billion driven by a drop in its foreign currency assets.
Falling for the second consecutive week, India's forex reserves dropped by $4.34 billion to $589.14 billion for the week ended May 26, the Reserve Bank said on Friday. In the previous reporting week, the reserves had declined by $6.05 billion to $593.48 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
The country's foreign exchange reserves increased by $8.895 billion to reach a record high of $642.453 billion in the week ended September 3, the Reserve Bank of India (RBI) data showed. In the previous week ended August 27, the reserves had surged $16.663 billion to $633.558 billion, mainly due to a rise in special drawing rights (SDR) holdings. International Monetary Fund (IMF) had made an allocation of SDR 12.57 billion to India. For the week ended September 3, the increase was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves, RBI's weekly data released on Friday showed.
Country's foreign exchange reserves declined sharply by $3.433 billion to $351.920 billion.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
The country's foreign exchange reserves rose $183 million to touch a record high of $560.715 billion in the week ended October 30, RBI data showed on Friday. In the previous week ended October 23, the reserves had jumped $5.412 billion to $560.532 billion.
After having declined for two consecutive weeks, India's foreign exchange reserves grew by $293 million to $282.84 billion compared to earlier week's $282.55-billion.
India's foreign exchange reserves declined by $4.56 billion to $282.79 billion for the week ended August 13, as against $287.35 billion the previous week due to a heavy dent in foreign currency assets.
Foreign exchange reserves have hit a fresh high.
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
Foreign currency assets increase by $3.902 billion
India's foreign exchange reserves are at an all-time high.
India's forex reserves dropped by $2.164 billion to $584.248 billion for the week ended April 21, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had risen by $1.657 billion to $586.412 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
India's forex reserves have swelled by $12.74 billion to $609.02 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
The foreign currency assets rose by $75 million to $291.39 billion
The Reserve Bank of India (RBI) has increased its gold purchases, as part of its foreign exchange (forex) reserves. In the first half (H1) of calendar year 2021 (CY21), the addition of gold to India's forex reserves has been the highest - on a half-yearly basis -at 29 tonnes. Now, the RBI's gold holding - as a proportion of its forex reserves - has for the first time crossed 700 tonnes.
India's forex reserves dropped by $1.32 billion to $593.75 billion for the week ended June 9, the Reserve Bank of India said on Friday. The overall reserves had jumped by $5.93 billion to $595.07 billion for the previous reporting week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
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