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 country's foreign exchange reserves declined by $1.76 billion to $630.19 billion in the week ended on February 11, the RBI data showed. In the previous week ended February 4, the reserves had risen by $2.2 billion to $631.95 billion. It touched a lifetime high of $642.45 billion in the week ended on September 3, 2021.
Foreign exchange reserves declined $9 million to $203.982 billion for the week ended May 18, according to data released by the Reserve Bank on Friday.
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday pitched for formulating a policy for using the Reserve Bank of India's rising foreign exchange reserves for funding road projects, saying the country needs low cost finance for such infrastructure projects. Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the power ministry's Power Finance Corporation (PFC). "We have a surplus of dollar reserves in the country. I have decided to talk with the RBI Governor, about how we can formulate a policy by which we can use this foreign exchange reserves for development of infrastructure in the country," he said.
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.
Foreign exchange reserves increased $995 million to $180.047 billion for the week ended February 2, according to data released by the Reserve Bank of India.
After three weeks of fall, India's foreign exchange reserve rose by $990 million to $248.611 billion during the week ended January 30, 2009, mainly due to revaluation in the foreign currency assets and gold reserves.
Gold reserves declined by $346.2 million.
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.
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.
For the week under review, Special Drawing Rights fell by $ 13 million to $4.19 billion, while India's reserve position with the International Monetary Fund was down $3.5 million to $1.14 billion.
Foreign exchange reserves zoomed $3.062 billion to $140.60 billion for the week ended July 29, 2005
The country's foreign exchange reserves declined by $2.71 billion to $637.69 billion in the week to November 26, RBI data showed. In the previous week ended November 19, the reserves had increased by $289 million to $640.40 billion. It touched a lifetime high of $642.45 billion in the week ended September 3, 2021.
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
After falling for two consecutive weeks, foreign exchange reserves marginally rose to $319.39 billion, up by $43.3 million, for the week, driven by an increase in foreign currency assets.
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.
The increase was led almost entirely by foreign currency assets
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
China, with $853.7 billion in its vaults, has just toppled Japan's long-held status as the world's largest holder of foreign exchange reserves, the state media reported.
India's foreign exchange reserves grew by $700 million to touch $1,20,778 million for the week ended July 9.
India's foreign exchange reserves fell further by $430 million at $118.89 billion during the week ended August 20 after witnessing a marginal dip of $14 million a week earlier.
India's foreign exchange reserves fell by $14 million during the week ended August 13 after witnessing a rise of $1.01 billion a week earlier.
After recording a rise of over $ 1.24 billion in the previous week, India's foreign exchange reserves declined by $142 million led by a fall in gold reserves for the week ended June 4.
India's foreign exchange reserves resumed their upward journey, rising by usd 623 million during the week ended August 26, 2005.
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.
India's foreign exchange reserves crossed the $93 billion mark following a further rise of $613 million due to fresh inflows for the week ended November 7.
India's foreign exchange reserves grew marginally by $253 million to $141.45 billion for the week ended April 8, 2005.
Foreign exchange reserves declined $1.223 billion to $140.907 billion for the week ended March 25, 2005 when compared with $142.13 billion in the previous week, according to the weekly supplement released by the RBI on Saturday.
India's foreign exchange reserves fell for the second consecutive week, registering a decline of $423 million for the week ended May 6, 2005.
Driven largely by revaluation of international currencies, foreign exchange reserves fell by $806 million during the week ended February 4, 2005 taking the total reserves to $128.91 billion.
After a fall last week, India's foreign exchange reserves have recorded a rise again and are nearing the $85 billion mark.
After witnessing a rise in inflows for the past three weeks, India's foreign exchange reserves fell by $648 million to stand at $1,41,898 for the week ended April 22, 2005.
India's foreign exchange reserves grew by $291 million during the week ending January 28, 2005 to touch $1,29,720 million.
India's exchange reserves rose by a robust $2.03 billion to $277.38 billion in the week ended September 20 on a healthy increase in the core currency assets, Reserve Bank said.
The fall in total reserves was mainly because of a decline in foreign currency assets worth $4.5 billion, the data showed.
Robust trade and overseas investment inflows along with revaluation of currencies propelled India's foreign exchange reserves to rise further by $1.56 billion to cross $125 billion mark during the week ended November 19.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances