India's forex reserves decreased by $666 million to stand at $176.585 billion during the week ended January 5 as against $177.251 billion during the week ended December 29.
India's forex reserves rose to $87.856 billion as on September 12, from $87.365 billion a week earlier, the RBI said in its weekly statistical supplement on Saturday.
Supporting the industry ministry's proposal to set up a sovereign wealth fund to finance infrastructure projects, Chief Economic Adviser Kaushik Basu on Monday said India can use a part of its large foreign exchange reserves to create the fund.
India's foreign exchange reserves declined by a huge $2.23 billion to $275.49 billion on a sharp dip in the foreign currency assets, the Reserve Bank said on Friday.
India's forex reserves went up by $1.168 billion to stand at $168.284 billion during the week ended November 10 as against $167.116 billion during the week ended November 3.
The total reserves stood at $292.647 billion in the previous reporting week.
India's forex reserves came down by $30 million to stand at $165.275 billion during the week ended October 13 as against $165.305 billion during the week ended October 6.
The country's foreign exchange reserves rose by $1.434 billion in the week ended August 9, after dropping by $2.99 billion previous week, the Reserve Bank of India said.
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday. The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
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 moved up $771 million to $89.327 billion in the week ended September 26, 2003 when compared with $88.556 billion in the previous week, according to the weekly supplement released by the RBI on Saturday.
The SC's dismissal of the Income-Tax department's plea that companies cannot claim deductions against tax liabilities on account of losses due to foreign exchange rate fluctuations legitimises the way companies were accounting for these forex losses.
India's forex reserves increased by $157 million to stand at $163.033 billion during the week ended on June 16, as against $162.876 billion during the week ended June 9.
India's forex reserves decreased by $6.844 billion to stand at $137 billion during the week ended December 30 against $144 billion during the preceding week.
Vikram Kothari's Rotomac stares at a loan default of Rs 369 crore
The country's largest IT services exporter TCS on Monday reported an 11 per cent jump in the December quarter net profit to Rs 10,846 crore, led by overall growth and forex gains. The Tata group company had reported a post-tax net profit of Rs 9,769 crore in the year-ago period. Overall revenue grew 19.1 per cent to Rs 58,229 crore for the reporting quarter from Rs 48,885 crore in the year-ago period, the company said, adding in constant currency, the topline growth is 13.5 per cent, and in the dollar terms, it clipped at 8 per cent.
India's forex reserves increased by $2.96 billion to stand at $151.622 billion during the week ending March 31, 2006 against $148.662 billion during the week ending March 24.
India's gold reserves and special drawing rights in the week remained unchanged at $9.746 billion and $1 million respectively, the central bank said.
After rising continuously for the past three weeks, India's foreign exchange reserves fell by $1.1 billion for the week ended August 19, 2005.
India's foreign exchange reserves rose by $2.03 billion at $142.6 4 billion, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
t might not have been advisable to use the over $250 billion forex reserves to pump in the economy earlier when India had high inflation, but now with deflationary trends, the government should use it to remove infrastructure deficits. India's foreign exchange reserves stood at $249.278 billion during the week ended February 27.
India's forex reserves increased by $921 million to stand at $143.098 billion during the week ended December 2 against $142.18 billion during the preceding week.
India's foreign exchange reserves declined by $676 million for the week-ended June 24, 2005 due to revaluation of international currencies including US dollar.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
India's foreign exchange reserves declined by $ 310 million for the week ended on 11 November.
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
'With the current situation in the global job market, students come back with an added burden of educational loans.'
The rupee plunged 58 paise to close at an all-time low of 81.67 (provisional) against the US dollar on Monday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 81.47, then fell further to close at an all-time low of 81.67 against the American currency, registering a decline of 58 paise over its previous close.
Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade settlement cycle approaches new phases. Several industry players said foreign portfolio investors (FPIs) are still facing impediments over the trade confirmation timelines, foreign exchange (forex) bookings, and pre-funding requirements. This could potentially act as a roadblock when it comes to moving entirely to the new T+1 settlement cycle from next year.
China continues to attract good inflows of foreign direct investment, with $3 trillion of forex reserves.
Since end-May there has been volatility in the foreign exchange market.
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.
Email alarm made government close arbitrage window
India's foreign exchange reserves declined for the second week in a row by $333 million for the week ended June 11.
The Union Budget is likely to adopt a three-pronged strategy to bring about the second green revolution in agriculture and evolve methods to tap the $119 billion foreign exchange reserves to boost investment.
Pakistan, the closest ally of China, has decided to skip the Democracy Summit that begins in Washington on Tuesday, opting instead to engage with the US bilaterally to strengthen democratic values, the foreign office in Islamabad said.
Hikes benchmark lending rate by 35 basis points to 6.25 per cent Cuts growth projection for this fiscal to 6.8 per cent from 7 per cent estimated in September Inflation to come down below 6 per cent in March quarter, to average 6.7 per cent this fiscal
India's foreign exchange reserves surged $5.04 billion in the week ending March 28, its biggest weekly rise in four months, as the central bank started to buy dollars regularly in an effort to build up its defences against any potential global turmoil.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances