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SHIRSENDU KARMAKAR
India's forex kitty rises by $139 mn to $642.63 billion: RBI data India's foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22, data from the central bank showed on Friday. The reserves jumped by $139 million in the reporting week.l Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves. ©SHIRSENDU KARMAKAR #Foreign_Reserve_Of_India
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Foreign exchange reserves rise by $2.9 billion to $619 billion: RBI data Foreign exchange reserves rose by $2.9 billion to $619 billion in the week ended February 23, the latest data by the Reserve Bank of India showed. The total reserves rose due to an increase in foreign currency assets which increased by $2.4 billion in the week. The rupee appreciated by 0.1 per cent against the US Dollar in the week on the back of foreign inflows. Gold reserves and SDRs rose by $472 million and $89 million respectively in the previous week. The total reserves stood at $616 billion in the week ended February 16. ©SHIRSENDU KARMAKAR #Foreign_Reserve_Of_India
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India's forex reserves decline $5.24 bn to $617.23 bn, shows RBI data India's forex reserves declined USD 5.24 billion to USD 617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. The forex kitty stood at USD 622.5 billion for the week ended February 2. However, in the current fiscal, the forex reserves have increased USD 50.28 billion, the RBI data showed. Foreign currency assets, which constitute the largest component of the reserves, dropped USD 4.07 billion to USD 546.52 billion during the week under review, as per the latest data. The reserves had peaked in October 2021, when kitty had reached USD 645 billion. The reserves took a hit as the central bank sold dollars to defend the rupee amid pressures caused majorly by global developments since last year ©SHIRSENDU KARMAKAR #Foreign_Reserve_Of_India
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