Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
Country's foreign exchange reserves declined sharply by $3.433 billion to $351.920 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.
Foreign currency assets increase by $3.902 billion
India's foreign exchange reserves are at an all-time 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, 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.
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 .
The foreign currency assets rose by $75 million to $291.39 billion
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.
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.
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.
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 zoomed from a meagre $2.427 billion to $172.782 billion for the week ended November 24, according to the weekly statistical supplement released by the Reserve Bank of India on Saturday.
India's foreign exchange reserves increased $1.307 billion to $262.45 billion for the week endeded October 26, according to data released by the RBI on Friday. Foreign currency assets moved up $1.305 billion to $254.629 billion. Gold reserves and SDRs were unchanged at $7.367 billion and $13 million, respectively.
Foreign currency assets shot up to $301.820 billion during the period, up $426 million from $301.394 billion, RBI said in its report in Mumbai on Friday. The FCAs expressed in dollar include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserve, RBI said.
Foreign exchange reserves declined $701 million to $165.094 billion for the week ended August 11, 2006 when compared with the previous week, according to the weekly supplement released by the RBI on Friday.
The country's foreign exchange reserves fell by $528 million for the week ended February 19 to $278.672 billion compared to $279.2 billion in the previous week. Foreign Currency Assets (FCA), during the week, declined to $254.203 billion from $254.7 billion a week ago, the RBI said in its weekly report.
Foreign exchange reserves increased $350 million to $141.59 billion for the week ended February 24, according to the weekly supplement released by the Reserve Bank of India on Friday.\n
Foreign exchange reserves increased $452 million to $140.429 billion for the week ended February 10, 2006, according to the weekly statistical supplement released by the Reserve Bank of India on Friday.
India's foreign exchange reserves rose by $1.379 billion for the week ended November 27, to $286.723 billion compared to $285.344 billion in the previous 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 increased $294 million to $143.353 billion for the week ended October 7, 2005, according to the weekly supplement released by the Reserve Bank of India on Saturday.
Foreign exchange reserves increased $273 million to $165.37 billion for the week ended August 18, according to the weekly supplement released by the RBI on Friday.
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.
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.
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.
In the week ending July 26 foreign exchange reserves had recorded a rise of $960.2 million to $ 280.16 billion
Foreign exchange reserves increased $42 million to $143.059 billion for the week ended September 30, 2005, according to the weekly statistical supplement released by the RBI on Saturday.
Foreign exchange reserves declined by $339 million to $143.096 billion for the week ended October 21 from $143.435 billion in the previous week, according to the weekly supplement released by the RBI.
Foreign exchange reserves increased $82 million to $143.435 billion for the week ended October 14, 2005 when compared with $143.353 billion in the previous week.
Foreign exchange reserves rose to a record $167.092 billion as on October 27 from $166.153 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Friday.
India's foreign exchange reserves rose from $91,315 million to $91,892 million in the week ended October 24, according to the Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
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 foreign exchange reserves gained a record $828 million to $67.753 billion during the week ending December 6, 2002.
