The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
The manipulation is suspected to have spread across the world.
The gold reserves were unchanged at $26.61 billion, the apex bank said.
The government is planning to utilize $5 billion worth of foreign exchange reserves for infrastructure development this fiscal.
The partially revised figures for FY'08 stood close to $3 billion at $2,827 million while, the two fiscal years FY'06 and FY'07 saw an outflow of $1.1 billion each and the same was $642 million in fiscal 2004-05.
The gold reserves remained unchanged at $28.041 billion, the apex bank said.
The country's foreign exchange reserves vaulted beyond $140 billion mark as inflows into the kitty swelled by $2.87 billion for the week ended March 11 due to heavy intervention in the market by Reserve Bank of India.
India's foreign exchange reserves increased by $319 million to cross record levels of $110 billion for the week ended March 26, 2004.
Exports dipped 1.6 per cent to 8.95 trillion yuan.
The rupee ended at 59.18 compared with previous close of 59.33 to the dollar.
India's forex kitty shrunk by $1.03 billion to $353.33 billion on the back of a dip in the core currency assets, the Reserve Bank said.
The rise in India's foreign exchange reserves continued with further fresh inflows and export remittances of $595 millon pushing the forex reserves past the $71 billion mark during the week ended January 10.
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.
Experts (forex consultants and CFOs) estimate the notional losses on derivative products in Ludhiana to be Rs 200 crore to Rs 300 crore (Rs 3 billion), with a prominent textile player leading the table. But no company is willing to talk about their exposure or losses. A few companies, such as Vardhman Textiles, part of the S P Oswal Group, said they had no exposure.
The country's reserves surged by $1.432 billion to $316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed on Friday.
The union ministry of tourism has recognised Taj Residency, a Taj business hotel, as the 'best 5-star hotel in India' for the year 2003-04 for highest forex earnings.
Indian foreign exchange reserves rose by $1.8 billion in the week ended June 20, 2008, to $312.48 billion. The increase in reserves was basically due to a hike in foreign currency assets, which grew by $1.78 billion to $302.74 billion, according to the Reserve Bank of India's weekly statistical supplement released.
The foreign exchange reserves rose by a robust $1.637 billion to touch $296.63 billion during the week ended December 14 on the back of healthy addition of core currency assets, the Reserve Bank said.
The Reserve Bank of India's weekly statistical supplement said on Saturday that the country foreign exchange reserves had crossed rose by $418 million to touch $85.415 billion in the week ended August 15.
India's foreign exchange reserves slipped marginally by $32.7 million to $293.53 billion, the Reserve Bank said.
India's foreign exchange reserves are at a record high of $214.83 billion. Considering this rapid rise in country's forex reserves, the need to gauge adequacy of reserves has gained importance, said the RBI in its report on foreign exchange.
The finance ministry on Friday amended the foreign exchange management rules to exclude international credit card spends from the purview of liberalised remittance scheme (LRS). The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, will be effective retrospectively from May 16, the ministry said in a notification. "...the use of International Credit Card for making payment by a person towards meeting expenses while such person is on a visit outside India" will not be covered under LRS, the notification said while inserting Rule 7 in the FEM (CAT) Rules.
The foreign exchange reserves slipped by a hefty $1.59 billion to $294.99 billion on the back of heavy decline in gold reserves and the core currency assets, the Reserve Bank said on Friday.
The foreign exchange reserves fell by $502.4 million to $293.97 billion due to fall in the currency assets, according to Reserve Bank data released on Friday.
India's foreign exchange reserves increased by $1.349 billion for the week ended July 6 to $214.835 billion as against $213.486 billion in the previous week.
India's gold reserves were also up by $297.7 million to $19.33 billion
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The country's forex reserves rose by $419.4 million to $315.551 billion in the week to November 14, driven by a rise in foreign currency assets.
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.
India's foreign exchange reserves fell by a significant $3.4 billion to $276.238 billion for the week ended May 7, as against $279.633 billion in the previous week, RBI data showed.
The bank has said rent payments will not earn reward points, and redemption of reward points on various cards have been capped in certain segments.
It is thought that the RBI has been accumulating dollars to fight odds.
India's forex reserves decreased by $601 million to stand at $162.659 billion during the week ended on July 14
In a countrywide crackdown, the Central Bureau of Investigation conducted operations at 40 locations and apprehended around 14 people including home ministry officials, NGO representatives and middlemen for allegedly facilitating the clearance of foreign donations in violation of the Foreign Contribution Regulation Act, officials said on Tuesday.
The country's foreign exchange reserves increased by $394 million to $631.92 billion in the week ended March 4, the RBI data showed. In the previous week ended February 25, the reserves had declined by $1.425 billion to $631.527 billion. It touched a lifetime high of $642.453 billion in the week ended September 3, 2021.
On a consolidated basis, the merged entity will have 145 branches, Rs 200 crore in revenue and 1,800 employees.
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