Fri, Aug 09, 2024
India's forex reserves hit a record high of USD 674.919 billion for the week ending August 2, 2024, marking a significant increase of USD 7.533 billion. The rise follows a previous dip, with foreign currency assets and gold reserves contributing to this new peak. The Reserve Bank of India reported a USD 5.162 billion increase in foreign currency assets and a USD 2.404 billion rise in gold reserves. Meanwhile, Special Drawing Rights (SDRs) decreased slightly, and India's reserve position with the IMF improved.
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Fri, Jun 07, 2024
The previous all-time high for the reserves, considered among the key factors representing the overall strength of the economy to withstand any external sector disturbances, stood at USD 648.7 billion as on May 17.
Fri, Sep 29, 2023
India's foreign exchange reserves declined for a third consecutive week to a four-month low of $590.7 billion as of September 22, data released by the RBI on Friday showed.
Fri, Jul 14, 2023
India's foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday.
Sat, Dec 03, 2022
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
Tue, Sep 27, 2022
Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as "overblown" and said India has fairly large reserve to tide over the current situation.
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