Forex Reserves News
Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus
Indian rupee along with the country’s domestic stock market indices fell on Monday. RBI intervention has made the rupee avoid any sharp decline despite of pressure from outflows, reported the news agency Reuters.
1 min read4 Nov 2024India’s forex reserves surge by $2.838 billion, reaching record high of $692.3 billion: RBI
India’s foreign exchange (forex) reserves surged $2.838 billion to reach a new high of $692.3 billion as of the week ended September 20, according to data collected from the Reserve Bank of India (RBI) press release on Friday.
1 min read27 Sep 2024India’s forex reserves rise by $5.25 billion to hit fresh record-high of $689 billion, volume up over $65 billion YTD
India’s foreign exchange (forex) reserves rose $5.248 billion to $689.235 billion as of September 6, according to data collected from the Reserve Bank of India (RBI) website on Friday, September 13.
1 min read13 Sep 2024India’s forex reserves slightly off all-time highs, decline by $1.71 billion to hit $651.99 billion
The reserves are currently a tad lower than their all-time highs of USD 655.817 touched recently. India’s foreign exchange reserves jumped to touch a new lifetime high during the week that ended June 7.
1 min read5 Jul 2024India’s forex reserves decline for third consecutive week
India’s FCA, the biggest component of the forex reserves, fell by $1.159 billion to $559.701 billion, as per the RBI’s weekly statistical data.
1 min read5 May 2024India’s forex reserves decline by $5.4 billion to hit $643 billion at end of 7-week gaining streak
As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
1 min read19 Apr 2024India’s forex reserves hit record high, rise for 4th straight week to touch $642.49 billion
The reserves rose by $6.4 billion in the reporting week, after rising $20 billion in the previous three weeks.
1 min read22 Mar 2024India’s forex kitty expands $10.47 billion to $636.095 billion
For the week ended March 8, the foreign currency assets, a major component of the reserves, increased by $8.121 billion to $562.352 billion, the Reserve Bank of India (RBI) said.
1 min read15 Mar 2024India’s forex reserves decline by $2.79 billion to $616.14 billion
As per the Weekly Statistical Supplement published by the Reserve Bank of India (RBI), Foreign Currency Assets (FCAs) experienced a decline of $2.6 billion, settling at $545.8 billion.
1 min read26 Jan 2024India’s forex reserves dip by $5.89 billion after rising for seven weeks in row
Throughout this fiscal year, the reserves have demonstrated an overall increase of $55.72 billion, as reported by the Reserve Bank of India (RBI).
1 min read12 Jan 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared