The forex reserves rose for the third consecutive week, surging by a robust $2.691 billion to $286.26 billion on a healthy jump in foreign currency assets, the Reserve Bank said.
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.
Foreign exchange reserves zoomed $2.238 billion to $146.159 billion for the week ended March 17
The reserves had dipped by $1.12 billion in the previous reporting week.
The country's foreign exchange reserves rose by $21.1 million to $280.19 billion, the Reserve Bank said.
The foreign currency assets rose by $75 million to $291.39 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 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.
Country's foreign exchange reserves declined sharply by $3.433 billion to $351.920 billion.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
India's foreign exchange reserves shot up by $960.2 million to $280.17 billion on the back of a healthy rise in currency assets in the week ended July 26, Reserve Bank said.
India imports a staggering 1,000 tonnes of gold every year, draining out foreign exchange and putting pressure on the fiscal deficit.
The country's foreign exchange reserves dipped by $0.985 billion to $279.20 billion, the Reserve Bank said on Friday.
Dropping for the second straight week, India's foreign exchange reserves plummeted by a hefty $3.20 billion at $284.65 billion on a heavy decline in the currency assets, the Reserve Bank said.
In the previous week, total reserves dropped by $273.8 million to $312.382 billion.
India's forex kitty rose by $12.80 billion to $572.80 billion in the week ended March 17, the Reserve Bank said on Friday. In the previous reporting week, the reserves had dropped by $2.39 billion to a three-month low of $560.00 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
FCAs decreased by $3.56 billion to $325.03 billion.
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.
Rise in reserves was predominantly on account of increase in FCAs
India's foreign exchange reserves kept on a steady trend up during the week ended July 11, moving up by $483 million to $83.257 billion, according to the weekly supplement released by the Reserve Bank of India on Saturday.\n\n\n\n
India's foreign exchange reserves rose by $692 million at $86,255 million during the week ended August 29.
Despite gold prices hitting record highs, analysts aren't gung-ho about the outlook for gold financiers Muthoot Finance and Manappuram Finance. This, they said, was due to intense competition from banks, coupled with stagnating loan books and likely pressure on margins.
Foreign exchange reserves have hit a fresh high.
India's foreign exchange reserves dropped by $1.49 billion to reach $575.27 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday. In the previous reporting week, the overall reserves had jumped by $3.03 billion to $576.76 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.
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).
India's forex reserves surged by a whopping $5.04 billion to $291.3 billion in the week ended November 29 on account of a robust jump in foreign currency assets (FCAs), the Reserve Bank said.
Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms, and 2.3 per cent returns in dollars. And, had it not been for the very high inflow of smuggled gold and the huge discount prevailing in the market due to high prices, the returns in gold would have been much higher, analysts said. The precious metal has consistently been delivering positive returns in India since 2016.
Foreign currency assets increase by $3.902 billion
Foreign currency reserves declined $1.055 billion to $144.222 billion for the week ended September 16, 2005
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.
Last week, the forex reserves had surged by $2.374 billion to $363.171 billion.
This Women's Day Week, we celebrate the groundbreaking achievements of Justice Anna Chandy, Justice M Fathima Beevi and Justice Leila Seth.
Foreign currency assets, a major component of the overall reserves, declined by $3.208 billion to $395.276 billion.
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.
Foreign exchange reserves increased $1.789 billion to $197.746 billion for the week ended March 23, 2007
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.
India's foreign exchange reserves rose by $1.7 billion during the week ended September 2, 2005.
The foreign exchange reserves rose for the fourth consecutive week with the week to October 25 adding another $1.828 billion taking the overall forex kitty to $282.95 billion, the Reserve Bank said on Friday.
