Declining for the third consecutive week, India’s forex reserves dipped by USD 77 million to reach USD 635.828 billion for the week ended December 10, RBI data showed on Friday. In the previous week, the reserves had slid by USD 1.783 billion to USD 635.905 billion. In the reporting week ended December 10, the dip … Read more
India’s exports of agricultural and processed food products rose by more than 13 per cent during April-November this fiscal to USD 23.26 billion, the commerce ministry said on Saturday. The export of rice was the top forex earner at USD 5.93 billion during April-November 2021-22, growing 11 per cent over the corresponding period in 2020-21 … Read more
India’s forex reserves have increased by USD 1.919 billion to USD 642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold, the Reserve Bank said on Friday. The overall reserves had declined by USD 908 million to USD 640.1 billion at the end of the … Read more
The country’s foreign exchange reserves surged by USD 58.38 billion in April-September 2021 to USD 635.36 billion, says an RBI report released on Wednesday. The forex reserves were at USD 576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves. These reports are prepared half … Read more
NEW DELHI: The Reserve Bank of India, it seems, just cannot catch a break. Just when the consumer price index-based inflation was showing signs of easing, one of India’s traditional bugbears has resurfaced: a spike in crude oil price. Global oil prices surged to a multi-year high on Monday after the Organization of the Petroleum … Read more
By Subhadip Sircar The Indian rupee’s outsized gains over the last three sessions is spurring talk that the Reserve Bank of India may have loosened its grip over the currency. The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2020. The exchange rate had … Read more
The RBI‘s forex reserves could swell to a $655-billion mark by March, according to a report. The central bank has been running down its forward book to accumulate forex reserves. The forward book totalled $42 billion at the end of July. RBI’s forex kitty had risen to a lifetime high of $621.464 billion during the … Read more
MUMBAI: The country’s foreign exchange reserves surged by $3.074 billion to reach a record high of $608.081 billion in the week ended June 11, the latest data from the Reserve Bank of India (RBI) showed on Friday. The reserves had increased by $6.842 billion to $605.008 billion in the previous week ended June 4, 2021. … Read more
India’s record more than $600 billion of foreign exchange reserves might not be good enough, as it falls short on some measures including import cover and liability outflows, according to a new research from the central bank. “While foreign exchange reserves provide cushions against unforeseen external shocks, levels are often deceptive,” Reserve Bank of India … Read more
MUMBAI: The Indian rupee‘s near-term fortunes may directly be influenced by the Reserve Bank of India‘s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so far this month, putting it on … Read more