India's forex reserves increased by $1.78 billion to $573.78 billion in the week ended January 20, the Reserve Bank of India said on Friday. This is the second consecutive week of a rise in the kitty after the $10.42 billion jump to $572 billion during the preceding week. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.
The country's foreign exchange reserves surged by $9.427 billion to record high of $620.576 billion in the week ended July 30, according to the latest RBI data. In the previous week ended July 23, the reserves had declined by $1.581 billion to $611.149 billion. In the reporting week ended July 30, the rise in the reserves was on the back of an increase in foreign currency assets (FCAs), a major component of the overall reserves, the Reserve Bank of India's (RBI) weekly data released on Friday showed.
Gold reserves rose by $588.8 million to $21.566 billion, as per the RBI data.
The Summit could look at the possibility of starting credit facility in local currency by the BRICS Bank.
Foreign currency reserves declined $1.055 billion to $144.222 billion for the week ended September 16, 2005
In the previous week, the reserves had fallen by $3.028 billion to $360.797 billion.
The reserves growth picked up speed in the second quarter, with $178 billion added, ending the decline in the first two months when monthly exports tumbled to near a decade low, the apex bank, People's Bank of China said on Wednesday. China's huge stockpiles, which expanded by 17.84 per cent in the first half year on year, are more than double those of Japan, the second largest holding $1.02 trillion.
FCAs decreased by $3.56 billion to $325.03 billion.
Foreign exchange reserves rose $287 million to $117.879 billion in the week ended April 23, 2004 from $117.592 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Saturday.\n\n\n\n
The increase has been mainly on account of higher FII inflows, deposits by non-residents and short-term credits.
After registering an increase of $616 million in the previous week, India's foreign exchange reserves rose by $71 million at $75.354 billion during the week ended February 21.\n\n\n\n
The gold reserves remained unchanged at $18.151 billion.
Foreign exchange reserves moved up $378 million to $73.583 billion for the week ended January 31, 2002
The country's gold reserves remained unchanged at $19.377 billion.
The rupee on Friday breached the psychological 47-mark after six-and-a-half months on heavy dollar outflow, but ended the day with a marginal fall of 15 paise against the American currency at 46.96/97.
The country's gold reserves remained unchanged at $19.377 billion.
Country's foreign exchange reserves dropped by $2.063 billion to $ 335.729 billion in the week to March 13.
The Reserve Bank of India's (RBI's) $10 billion US dollar-rupee buy-sell swap auction for three years received bids worth $16.23 billion on Friday, reflecting robust demand amid persistent liquidity deficit in the banking system. This was the second swap auction by the central bank after it infused $5 billion via six month-swap on January 31.
The Institute of Economic Growth has forecast a depletion in the foreign exchange reserves to $79 billion in August mainly due to over $4 billion dollar payout of Resurgent India Bonds.
In the biggest weekly increase in over a year, India's forex reserves swelled by $6.56 billion to reach $531.08 billion for the week ended October 28, RBI data showed on Friday. The overall reserves, which have been on a declining spree for many months now, had dropped by $3.85 billion to $524.52 billion in the previous reporting week. The $6.5 billion jump in the reporting week is the highest since September 2021.
Robust trade flows and remittances by expatriates helped India's foreign exchange reserves rise for the 15th straight week to a record high, analysts said after the central bank released the latest data on Saturday.
Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.
Foreign exchange reserves increased $1.133 billion to $272.281 billion during the week ended November 23, according to data released by the Reserve Bank of India (RBI).
After rising for four consecutive weeks, India's foreign exchange reserves declined by $1.657 billion to $281.294 billion in the week to November 1 on account of drop in a key component, Reserve Bank said.
Last week, the forex reserves had surged by $2.374 billion to $363.171 billion.
Foreign exchange reserves had touched a record of $363.5 billion in the week through June 3, 2016.
Foreign exchange reserves increased $1.789 billion to $197.746 billion for the week ended March 23, 2007
Foreign exchange reserves increased $1.558 billion to $143.148 billion for the week ended March 3
Propelled by foreign investment inflows, India's foreign exchange reserves grew by $26.4 billion for the nine-month period ended December 31, 2003, over a rise of $16.3 billion in the corresponding period of previous fiscal.
India's foreign exchange reserves fell by $1.2 billion during the week-ended September 23, 2005.
In the second consecutive week of an increase in the kitty, India's forex reserves have grown by $2.54 billion to $547.25 billion for the week ended November 18, the RBI said on Friday. In the previous reporting week, the overall kitty had swelled by $14.72 billion in the highest weekly rise since August 2021 to $544.71 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 kitty jumped by $10.47 billion to $636.09 billion for the week ended March 8, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by $6.55 billion to $625.63 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.
Expressing concerns over low returns from over $178 billion forex reserves of India, World Bank has recommended that a part of these funds should be utilised in the high-return infrastructure sector.
Foreign currency assets were down $1.516 billion to $131.426 billion. While gold reserves increased $77 million to $4.453 billion, SDRs were unchanged at $4 million.
The rise in reserves was $2.12 billion.
Accretion to India's foreign exchange reserves showed a lower growth of $6.6 billion in the first half ended September 2004, against a rise of $16.2 billion in April-September 2003.
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