The country's foreign exchange reserves declined by a massive $6.24 billion to reach $583.945 billion in the week ended February 5, RBI data showed on Friday. In the previous week, the reserves had touched a record high of $590.185 billion after rising by $4.852 billion. In the reporting week ended February 5, the decline in the forex kitty was mainly on account of a fall in foreign currency assets (FCAs), a major component of the overall reserves.
The country's foreign exchange reserves rose by $2.518 billion to touch a lifetime high of $575.29 billion in the week ended November 20, RBI data showed on Friday. In the previous week ended November 13, the reserves had surged by $4.277 billion to $572.771 billion. In the reporting week, the increase in the forex kitty was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves.
The foreign exchange reserves rose for the fourth consecutive week with the week to October 25 adding another $1.828 billion taking the overall forex kitty to $282.95 billion, the Reserve Bank said on Friday.
'For most investors, I recommend a low double-digit allocation (10 to 12 per cent) to gold and silver combined.'
India's forex reserves jumped by $12.59 billion to a new all-time high of $704.88 billion for the week ended September 27, the Reserve Bank said on Friday. The overall kitty had swelled by $2.84 billion to $692.3 billion in the previous reporting week. The $12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the $700 billion mark.
Gold reserves were down by $331 million to $37.264 billion.
India's foreign exchange reserves touched $301.23 billion by the end of February 2008. Over $102 billion have been added to the reserves since the beginning of the financial year (April 2007) due to huge capital flows, and remittances as well as weakening of dollar. The reserves stood at $294.61 billion at the end of February 22, 2008. The forex kitty swelled by $6.62 billion, amongst the largest accretion to reserves in a span of a week.
India's foreign exchange reserves declined by $685.1 million to $274.81 billion in the week ended August 30 due to a dip in the foreign currency assets, the Reserve Bank said.
The rupee breached 90-levels against the greenback for the first time on Wednesday, falling 6 paise to 90.02 in early trade, as banks kept buying US dollars at higher levels and FII outflows continued.
Subbarao said the flight of dollar being witnessed following the euro zone crisis is a 'natural reaction' when there is an uncertainty.
The country's foreign exchange reserves declined by a massive $8.062 billion to $580.252 billion in the week ended July 8, according to RBI data. In the previous week ended July 1, the reserves had dropped by $5.01 billion to $588.31 billion. During the reporting week ended July 8, the decrease in the reserves was on account of a fall in the Foreign Currency Assets (FCA), a major component of the overall reserves, and in the gold reserves, RBI said.
The country's foreign exchange reserves declined by $7.541 billion to $572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb the fall of the rupee. In the previous week ended July 8, the reserves shrunk by $8.06 billion to $580.25 billion, the Reserve Bank of India (RBI) data showed on Friday. On Friday, the rupee fell by 5 paise to close at 79.90 against the US dollar.
The country's foreign exchange reserves declined by $763 million to $640.11 billion in the week ended November 12, RBI data showed. In the previous week ended November 5, the reserves had decreased by $1.14 billion to $640.87 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.
India's forex reserves jumped $5.25 billion to a new all-time high of $689.24 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by $2.3 billion to a record $683.99 billion for the previous reporting week.
'Calibrated depreciation will help rebalance external fundamentals, offset some of the tariff differentials with competitors, improve the competitiveness of domestic substitutes vis-a-vis Chinese imports, and contribute to the easing of financial conditions at a time when the inflation rate is unusually low,' explains Sajjid Z Chinoy, head of Asia Economics at JP Morgan.
After rising for two consecutive weeks, the country's foreign exchange reserves declined by $306 million to $601.06 billion in the week ended June 3, according to RBI data. In the previous week, the reserves had increased by $3.85 billion to $601.36 billion. It had risen by $4.23 billion to $597.51 billion in the week ended May 20.
Foreign exchange reserves increased $675 million to $164.023 billion for the week
Foreign exchange reserves moved up $845 million to $143.943 billion for the week ended December 9, 2005, according to the weekly supplement released by Reserve Bank of India
India's forex reserves jumped by $7.02 billion to touch a new high of $681.69 billion in the week ended August 23, the RBI said on Friday. The overall reserves had jumped by $4.55 billion to $674.66 billion in the previous reporting week. The previous all-time high for the overall reserves was recorded at $674.92 billion as on August 2.
The country's foreign exchange reserves decreased by $3.27 billion to $600.42 billion in the week ended April 22, RBI data showed. In the previous week, the reserves had declined by $311 million to $603.69 billion. During the reporting week, the fall in the reserves was on the account of a decline in the Foreign Currency Assets (FCA), a major component of the overall reserves, and gold reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed.
The country's foreign exchange reserves increased by $889 million to a lifetime high of $621.464 billion in the week ended August 6, 2021, RBI data showed on Friday. In the previous week ended July 30, 2021, the reserves had surged by $9.427 billion to reach $620.576 billion. In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
India's foreign exchange reserves grew marginally by $51 million during the week ending January 21, 2005 to touch $129.43 billion.
Foreign exchange reserves increased $1.066 billion to $129.98 billion for the week ended February 11, 2005 from $128.914 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Saturday.
India's forex reserves jumped by $816 million to $653.71 billion for the week ended June 21, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $2.92 billion to $652.89 billion.
Bolstered by heavy inflows, India's foreign exchange reserves rose by $515 million, crossing the $119 billion mark.
Foreign exchange reserves increased $1.046 billion to $122.224 billion for the week ended
India's foreign exchange reserves declined by $525 million to reach $1,19,407 million mark for the week ended June 25.
India's foreign exchange reserves further rose by $328 million to cross the $121 billion mark for the week ended July 16.
India's reserve position with the International Monetary Fund was down $4.4 million to $1.67 billion.
India's foreign exchange reserves continue to be on the upswing following fresh inflows of $700 million to cross the $88 billion mark for the week ending September 19, 2003.
After registering a rise of over $2 billion in the previous week, India's foreign exchange reserves increased by $962 million to cross the $91 billion mark in the week ended October 17.
India's foreign exchange reserves grew by $297 million to $141.20 billion for the week ended April one 2005,
India's foreign exchange reserves touched nearly $133 billion due to record buying by the central bank and revaluation of international currencies.
Gold reserves were down by $580 million in the reporting week to $37.440 billion.
India's foreign exchange reserves surged by $980 million to cross $120 billion mark during the week ending October 22, 2004.
The country's foreign exchange reserves jumped from $68.435 billion to $69.508 billion in the reporting period, according to Reserve Bank of India's weekly statistical supplement.
After witnessing a decline in the previous week, India's foreign exchange reserves grew by $671 million to cross the $120-billion mark for the week ended July 2.
The country's foreign exchange reserves declined $9.65 billion to $622.27 billion in the week ended March 11, according to the latest data from the RBI. In the previous week ended March 4, the reserves rose $394 million to $631.92 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.
Foreign exchange reserves declined $204 million to $84.70 billion in the week ended August 1 from $84.904 billion in the earlier week, according to the weekly supplement released by the Reserve Bank of India on Saturday.