Mumbai, May 15 (IANS) India’s foreign exchange reserves rose sharply by $6.295 billion to $696.988 billion during the week ended May 8, mainly driven by a significant increase in gold reserves, according to data released by the Reserve Bank of India on Friday.The latest rise comes after the country’s forex reserves had declined by $7.794 billion to $690.693 billion in the previous reporting week.India’s foreign exchange reserves had earlier touched a record high of $728.494 billion in the …
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Mumbai, April 24 (IANS) India’s foreign exchange reserves registered a $2.3 billion increase in the week ending April 17, according to data released by the Reserve Bank of India on Friday.The country’s forex reserves rose to reach $703.30 billion, the central bank said.The uptick comes after a period of sustained pressure on the reserves, largely driven by external factors and currency market interventions.India’s reserves had previously touched an all-time high of $728.494 billion in the …
New Delhi, April 17 (IANS) India’s foreign exchange reserves increased by $3.825 billion to reach $700.946 billion for the week ended April 10, according to the latest data released by the Reserve Bank of India (RBI) on Friday.This marks a continued recovery in the country’s forex kitty, which had already risen by $9.063 billion to $697.121 billion in the previous week ended April 3.India’s reserves had touched an all-time high of $728.494 billion in late February this year.However, they s…
Mumbai, April 10 (IANS) India’s foreign exchange reserves rebounded sharply in the first week of April, reversing the previous week’s decline, as the country’s forex reserves rose by $9.063 billion, according to data released by the Reserve Bank of India (RBI) on Friday.The country’s forex jumped to $697.121 billion for the week ended April 3. This comes after a significant drop of $10.288 billion in the preceding week ended March 27, when reserves had slipped to $688.058 billion.The lat…
Mumbai, March 6 (IANS) India’s foreign exchange reserves surged by $4.885 billion to an all-time high of $728.494 billion in the week ended February 27, data released by the Reserve Bank of India (RBI) showed on Friday.The previous all-time high for the country’s foreign exchange kitty was $725.727 billion, which was seen in mid-February.Foreign currency assets, a major component of the reserves, stood at $573.125 billion during the week. Expressed in dollar terms, the foreign currency assets …
Mumbai, Feb 20 (IANS) India’s foreign exchange reserves increased by $8.663 billion to an all-time high of $725.727 billion in the week ended February 13, according to data released by the Reserve Bank of India (RBI) on Friday.Foreign exchange reserves had declined by $6.711 billion in the previous week due to a fall in gold prices.According to RBI data, the value of gold reserves, a key component of foreign exchange reserves, increased by $4.990 billion to $128.466 billion in the week ended Feb…
Mumbai, Feb 6 (IANS) Despite global uncertainties, India’s foreign exchange reserves surged by $14.361 billion in the week ended January 30, reaching an all-time high of $723.774 billion, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous week, the reserves had increased by $8.053 billion. The increase in foreign exchange reserves is primarily attributed to a rise in gold prices.According to the Central Bank data, the value of gold reserves, a key component …
New Delhi, Jan 30 (IANS) India’s foreign exchange reserves increased by $8.053 billion in the week ended January 23 — reaching an all-time high of $709.413 billion, according to data released by the Reserve Bank of India (RBI) on Friday.The previous all-time high for the country’s foreign exchange reserves was $704.89 billion, registered in September 2024.According to the RBI data, the value of Foreign Currency Assets (FCA), the largest component of the reserves, increased by $2.367 billion t…
New Delhi, Jan 23 (IANS) India’s foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.In the preceding week that ended January 9, the country’s foreign exchange reserves had increased by $392 million.The largest component of the foreign exchange reserves, Foreign Currency Assets (FCA), increased by $9.65 billion in the week ended January 16, reaching $560.51 billion.FCA …
New Delhi, Jan 16 (IANS) India’s foreign exchange reserves increased by $392 million to $687 billion in the week ending January 9, the Reserve Bank of India (RBI) announced on Friday.The Central Bank said the value of gold reserves, a key component of the foreign exchange reserves, also increased by $1.56 billion to $112.83 billion in the week ending January 9.A key reason for the increase in gold reserves is the sharp rise in gold prices. The price of gold in international markets has increased…