RBI to transfer record surplus to govt: At 5.5%, central bank's contingency fund level falls to the lowest in at least 19 years
5 years, 7 months ago

RBI to transfer record surplus to govt: At 5.5%, central bank's contingency fund level falls to the lowest in at least 19 years

Firstpost  

An analysis of the annual reports of the Reserve Bank of India shows that at 5.5 percent, the central bank’s contingency fund reserves are presently at the lowest level in at least 19 years. It was based on this formula, the RBI decided to transfer Rs 1.76 lakh crore extra capital to the government, out of which Rs 52,637 crore was additional money as per the revised ECF. RBI’s contingency fund or realised equity level was at 9 percent during the fiscal year 2001. The RBI’s central board decided to maintain the realised equity level at 5.5 percent of the balance sheet and the resultant excess risk provisions of Rs 52,637 crore were made available to transfer to the government.

Crore Rbi Reserves 19 Years Jalan Contingency Lowest Level Ecf  transfer  panel  falls  rs  fund  band  rbis  rbi  reserves  crore  surplus  contingency  record  govt  lowest  level

History of this topic

Govt wants rupee stability; RBI may again aggressively defend the currency
2 weeks, 4 days ago

Govt wants rupee stability; RBI may again aggressively defend the currency

Live Mint  

Mumbai/New Delhi: The Reserve Bank of India is expected to continue defending the rupee, with the government expressing confidence that the central bank's strategic interventions would stagger the pace of slide, according to a senior official. There is no change in the forex policy of the central bank despite several quarters believing that under the new governor Sanjay Malhotra, RBI …

RBI pumps in Rs 45 trillion in banking system since December to meet liquidity needs
1 month, 1 week ago

RBI pumps in Rs 45 trillion in banking system since December to meet liquidity needs

New Indian Express  

MUMBAI: The Reserve Bank has injected a whopping Rs 45 trillion into the banking system since the December 6 monetary policy review when it slashed the cash reserve ratio by 50 bps to 4%, releasing Rs 1.16 trillion into the system. Of the total, more than Rs 43 trillion of fresh liquidity has flown into the system between December 11 …

India’s forex reserves rise $1.05 bln to $630.607 bln
1 month, 3 weeks ago

India’s forex reserves rise $1.05 bln to $630.607 bln

The Hindu  

India's forex reserves rose $1.05 billion to $630.607 billion for the week ended January 31, the RBI said on Friday In the previous reporting week, the overall reserves had increased by $5.574 billion to $629.557 billion. For the week ended January 31, foreign currency assets, a major component of the reserves, decreased by $ 207 million to $537.684 billion, the …

India's forex reserves decline by $1.88 billionn to $623.983 billion
2 months ago

India's forex reserves decline by $1.88 billionn to $623.983 billion

The Hindu  

India's forex reserves dropped by $1.88 billion to $623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by $8.714 billion to $625.871 billion in the week ended January 10, the Reserve Bank of India said. For the week ended January 17, foreign currency assets, a major component of the reserves, decreased …

India’s forex kitty drops $5.69 billion to $634.58 billion
2 months, 2 weeks ago

India’s forex kitty drops $5.69 billion to $634.58 billion

The Hindu  

India's forex reserves dropped by $5.693 billion to $634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday. For the week ended January 3, foreign currency assets, a major component of the reserves, decreased by $6.441 billion to $545.48 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets …

India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility
3 months ago

India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility

Live Mint  

Mumbai, Dec 27 The country's forex reserves dropped by a further USD 8.478 billion to USD 644.391 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by USD 1.988 billion to a six-month low of USD 652.869 billion. For the week ended December 20, foreign currency assets, a …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
3 months ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low
Trending News
3 months, 1 week ago

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News  

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

India's forex reserves drop USD 1.98 billion to USD 652.86 billion
3 months, 1 week ago

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

India TV News  

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.235 billion to USD 654.857 billion. For the week ended December 13, foreign currency assets, a major component of the reserves, decreased …

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty
3 months, 2 weeks ago

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Live Mint  

India's foreign exchange reserves have seen a resurgence after an eight-week decline that pushed them to multi-month lows. According to data released by the Reserve Bank of India earlier this week, reserves increased by USD 1.51 billion, reaching USD 658.091 billion for the week ending November 29. This recovery follows a sustained dip from September's all-time high of USD 704.89 …

RBI signals cautious optimism on growth-inflation balance
3 months, 3 weeks ago

RBI signals cautious optimism on growth-inflation balance

Live Mint  

The Reserve Bank of India’s monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. After the October ’24 inflation data came in at over 6%, the RBI revised the FY25 inflation forecast to 4.8% from 4.5% in its Oct ’24 policy. Liquidity infusion and rate cut prospects Persistent FPI outflows and RBI intervention …

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low
Trending News
3 months, 4 weeks ago

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

Live Mint  

India's foreign exchange reserves extended losses for the eighth consecutive week to hit a five-month low after dropping by $47 billion cumulatively in the last seven weeks. The forex reserves dropped by $1.31 billion to $656.582 billion for the week ended November 22, Reserve Bank of India data showed on Friday. Forex traders said dollar demand from importers for meeting …

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI
3 months, 4 weeks ago

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India TV News  

India's forex reserves dropped USD 1.31 billion to USD 656.58 billion for the week ended November 22, the Reserve Bank of India said. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was released on Friday, showed. India's reserve position with …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
4 months ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint  

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India's forex reserves see record USD 17.76 billion dip as rupee hits all-time low
4 months ago

India's forex reserves see record USD 17.76 billion dip as rupee hits all-time low

New Indian Express  

MUMBAI: The nation’s forex reserves have seen the sharpest weekly dip on record, losing a whopping USD 17.76 billion for the week to November 15 as the dollar continued to rally leading to tremendous pressure on the rupee, which forced the Reserve Bank to sell the greenback to stem the slide. The reserves are down the most since 1998 when …

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak
4 months, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint  

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
4 months, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News  

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

India's forex reserves drop by $4.8 billion to $670.11 billion
7 months, 1 week ago

India's forex reserves drop by $4.8 billion to $670.11 billion

Hindustan Times  

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9, the Reserve Bank of India said on Friday. India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 In the previous reporting week, the kitty jumped by USD 7.533 billion to an all-time high …

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR
9 months ago

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

The Hindu  

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability, the Reserve Bank of India said in the 29th issue of the Financial Stability Report which was released on June 27. SCBs’ gross non-performing assets ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets ratio to 0.6 …

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data
9 months, 1 week ago

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data

News 18  

India’s forex reserves jumped $4.307 billion to a new all-time high of $655.817 billion for the week ended June 7, according to the latest RBI data. Gold Reserves and Special Drawing Rights Gold reserves increased by $481 million to $56.982 billion during the week ended June 7. Foreign Currency Assets and IMF Reserve Position For the week ended June 7, …

India's forex reserves hit record high of $651.5 billion as of May 31
9 months, 3 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times  

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
9 months, 4 weeks ago

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24

Deccan Chronicle  

In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of …

RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP
9 months, 4 weeks ago

RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP

Hindustan Times  

The Reserve Bank of India’s balance sheet size rose 11.08 per cent to ₹70.48 lakh crore as of March 31, 2024, the central bank said in its annual report. The central bank's balance sheet size at US$844.76 is nearly 2.5 times that of Pakistan's entire GDP which has been estimated to be around $338.24 billion by the International Monetary Fund. …

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
10 months ago

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government

The Hindu  

The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh …

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI
10 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News  

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24
10 months ago

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24

The Hindu  

In a windfall gain for the Centre, the Central Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. “The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the …

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24
10 months ago

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24

The Hindu  

The Reserve Bank of India on May 22 approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor …

India’s forex reserves jump $6.55 billion to $625.63 billion: RBI Data
1 year ago

India’s forex reserves jump $6.55 billion to $625.63 billion: RBI Data

Live Mint  

India's forex reserves jumped USD 6.55 billion to USD 625.626 billion for the week ended March 1, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by USD 2.975 billion to USD 619.072 billion. For the week ended March 1, the foreign currency assets, a major component of the reserves, increased …

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
1 year, 3 months ago

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

Firstpost  

India’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December …

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI
1 year, 3 months ago

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

Live Mint  

Amid heavy inflows in Indian debt and equity markets, India's foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of December 15, according to the data released by the Reserve Bank of India on Friday. The Reserve Bank of India's intervention in forex markets along with valuation changes impact reserves. Foreign …

Forex reserves jump $2.816 billion to $606.859 billion
1 year, 3 months ago

Forex reserves jump $2.816 billion to $606.859 billion

The Hindu  

India's forex reserves jumped $2.816 billion to $606.859 billion in the week ended December 8, the Reserve Bank of India said on December 15. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended December 8, the foreign currency assets …

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details
1 year, 8 months ago

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details

Live Mint  

India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, said the Reserve Bank of India. For the week ended on June 30, the foreign currency assets, a major component of the reserves, increased by $2.539 billion to $527.979 billion, according to the Weekly Statistical Supplement released by the RBI on Friday. …

Deposit of ₹2000 notes, rise in RBI dividends to improve short-term liquidity
1 year, 9 months ago

Deposit of ₹2000 notes, rise in RBI dividends to improve short-term liquidity

Live Mint  

There will be an improvement in short-term liquidity due to an increase in RBI dividends and deposit of ₹2,000 notes by banks till September, predicts India Ratings in its latest edition of the monthly credit market tracking report. The report highlighted that the Banking system liquidity declined as of 25 May 2023 to around ₹500 billion on average. “Decline in …

RBI Board Approves Rs 87,416 Crore Dividend Payout To Centre For 2022-23
1 year, 10 months ago

RBI Board Approves Rs 87,416 Crore Dividend Payout To Centre For 2022-23

ABP News  

The Reserve Bank of India on Friday approved Rs 87,416 crore dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year. "The board approved the transfer of Rs 87,416 crore as surplus to the central government for accounting year 2022-23, while deciding to keep the Contingency Risk Buffer at 6 per cent," …

India's forex reserves rise $4.532 billion to $588.78 billion
1 year, 10 months ago

India's forex reserves rise $4.532 billion to $588.78 billion

The Hindu  

India's foreign exchange reserves jumped $4.532 billion to $588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday. In October 2021, the country's forex reserves had touched an all-time high of $645 billion. For the week ended April 28, foreign currency assets, a major component of the reserves, increased nearly $5 billion to $519.485 …

India's forex reserves rise to USD 1.65 billion to USD 586.41 billion
1 year, 11 months ago

India's forex reserves rise to USD 1.65 billion to USD 586.41 billion

India TV News  

Mumbai: India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released on Friday. For the week ended April 14, the foreign currency assets, a major component of the reserves, increased by USD 2.204 billion to USD 516.635 billion, according to the …

Forex reserves back in red, drops to 3-month low at $560 billion
2 years ago

Forex reserves back in red, drops to 3-month low at $560 billion

Live Mint  

Forex reserves were back on the downside in the latest week that ended on March 10. As per RBI's latest report, India's reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to …

India’s forex reserves rise to $550 billion in week ending Nov 25
2 years, 3 months ago

India’s forex reserves rise to $550 billion in week ending Nov 25

Live Mint  

India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, according to Reserve Bank of India's weekly statistical supplement showed on Friday. The foreign exchange reserves for the week ended November 18 stood at $547.25 billion. Foreign currency assets rose by $3 billion to $487.29 billion for the week ending November …

Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August
2 years, 5 months ago

Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August

News 18  

India’s forex reserves rose by $204 million to $532.868 billion for the week ended October 7 helped by a jump in the value of gold holdings, the Reserve Bank of India said on Friday. This is the first weekly rise in the kitty since the seven days ended August 27, when the overall reserves stood at $571.56 billion. Foreign currency …

India’s forex reserves fall to near two-year low
2 years, 6 months ago

India’s forex reserves fall to near two-year low

Live Mint  

India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to September 16, Reserve Bank of India's weekly statistical supplement showed on Friday. In the week ending September 16, the foreign currency assets stood at $484.901 billion, gold reserves at $38.186 billion and special drawing rights at $17.686 billion. On Thursday, the rupee …

Rupee vs dollar: India’s forex reserves dip $5 bn, gold reserves fell $504 mn
2 years, 8 months ago

Rupee vs dollar: India’s forex reserves dip $5 bn, gold reserves fell $504 mn

Live Mint  

Rupee vs dollar: Amid falling Indian National Rupee against against the US dollar, India's foreign exchange reserves have dipped by $5 billion to $588.314 billion during the week ending 1st July 2022, the latest Reserve Bank of India data shows. India's gold reserves fell by $504 million to $40.422 billion after the week ending on 1st July 2022. As per …

RBI eases overseas borrowing to spur forex inflows
2 years, 8 months ago

RBI eases overseas borrowing to spur forex inflows

The Hindu  

The Reserve Bank of India on Wednesday announced a slew of temporary measures aimed at boosting foreign exchange inflows, including a doubling in the overseas borrowing limit for eligible corporates and removal of interest rate ceilings for NRIs’ foreign currency deposits. “It has been decided that with effect from the reporting fortnight beginning July 30, incremental FCNR and NRE deposits …

Explainer | The free fall of the rupee
2 years, 8 months ago

Explainer | The free fall of the rupee

The Hindu  

The story so far: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar on Wednesday. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the …

Forex reserves fall by $28.05 bn in September-March: RBI report
2 years, 10 months ago

Forex reserves fall by $28.05 bn in September-March: RBI report

The Hindu  

The country's foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report. Reserve Bank of India publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure. "During the …

India's forex reserves see eighth weekly fall, slide below $600 billion
2 years, 10 months ago

India's forex reserves see eighth weekly fall, slide below $600 billion

Firstpost  

The last time India’s forex reserves were below the $600-billion-mark was during the week ended 28 May, 2021 Mumbai: India’s foreign exchange reserves have slumped below $600 billion mark for the first time in almost a year. For the week ended 29 April, the country’s forex reserves dipped by $2.695 billion to $597.728 billion, according to the Reserve Bank of …

India's forex reserves slide to $600.42 billion; seventh straight weekly fall
2 years, 10 months ago

India's forex reserves slide to $600.42 billion; seventh straight weekly fall

Firstpost  

India’s forex reserves have fallen sharply after touching an all-time high of $642.453 billion on 3 September, 2021 Mumbai: India’s foreign exchange reserves dipped by $3.27 billion to $600.42 billion for the week ended 22 April, registering the seventh straight week of fall, as the Reserve Bank of India appears to keep selling dollars to prevent a slide in the …

India's forex reserves decline by over $1.4 bn
3 years, 2 months ago

India's forex reserves decline by over $1.4 bn

India TV News  

Highlights India's foreign exchange reserves declined by $1.466 billion during the week ended December 31. The Reserve Bank of India's forex reserves decreased to $633.614 billion from $635.080 billion. India's foreign exchange reserves declined by $1.466 billion during the week ended December 31, 2021. The country's forex reserves comprises of foreign currency assets, gold reserves, SDRs, and the country's reserve …

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data
3 years, 8 months ago

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data

News 18  

The country’s foreign exchange reserves in nominal terms, including the valuation effects, increased by $ 99.2 billion during the financial year 2020-21, compared to $ 64.9 billion in the preceding year, RBI data showed. On a balance of payments basis, foreign exchange reserves increased by $ 87.3 billion during FY 2020-21, as against an increase of $ 59.5 billion during …

Forex Reserves Rise by $1.739 Billion to $582.037 Bn
4 years ago

Forex Reserves Rise by $1.739 Billion to $582.037 Bn

News 18  

The country’s foreign exchange reserves increased by $ 1.739 billion to $ 582.037 billion in the week ended on March 12, the RBI data showed. In the previous week ended March 5, the reserves had declined by $ 4.255 billion to $ 580.299 billion. In the reporting week ended March 12, the rise in reserves was on account of an …

India's Forex Reserves Increase by $689 Million to $584.55 Billion
4 years ago

India's Forex Reserves Increase by $689 Million to $584.55 Billion

News 18  

India’s forex reserves increased for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Bank said on Friday. The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week. For the week ended February 26, the core currency assets the largest component of …

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