Posts Tagged: special drawing rights

 

India’s forex reserves rose by $419.4 million to $315.551 billion in the week to November 14, driven by a rise in foreign currency assets.

According to data released by the Reserve Bank today, reserves had dipped by $778.4 million to $315.131 billion in the previous week.

The foreign currency assets, a major constituent of the overall reserves, increased by $422.7 million to $290.062 billion, the central bank said.

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen held in reserves.

Despite a spike in gold prices, the country’s gold reserves remained unchanged at $19.738 billion.

The special drawing rights (SDRs) were down by $2.4 million to $4.229 billion, while the country’s reserve position with the IMF declined by $0.9 million to $1.521 billion during the week, the RBI data showed.

 

forex29India’s foreign exchange (forex) reserves rose by $1.73 billion in the week ended October 31 to touch $315.91 billion. The country’s foreign currency assets, which form a bulk of the forex reserves, were up $2.03 billion at $290.36 billion in the reporting week.

Gold reserves fell $275 million to $19.73 billion.

Special Drawing Rights and the country’s reserve position in the IMF fell by $19.5 million and $7 million, respectively.

 

The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative.

Late on Friday, the IMF said it is introducing a floor of 0.05 per cent for the interest rate on Special Drawing Rights, its own form of international currency

The IMF’s move shows how global financial conditions are now easier than they have ever been, more than five years after the end of the Great Recession, leading to the lowest interest rates in its sixty-eight year history.

Rate cuts, asset purchases and forward guidance by central banks around the world continue to disrupt financial markets, forcing participants to adapt in new ways.

“In view of the prevailing interest rates today, the SDR interest rate for the next weekly period starting Monday, October 27, will be established at the floor of 0.05 per cent,” announced the IMF’s executive board. >> Read More

 

Continuing its downward trend for the fifth consecutive week, the foreign exchange reserves plunged $2.754 billion to $311.427 billion in the week to October 3, led by a major fall in non-US currency assets, according to data released by the RBI on Friday.

In the week to September 26, reserves went down $1.415 billion to $314.181 billion. In the week to July 25, 2014, the reserves had touched $320.56 billion, just short of the life-time high of $320.79 billion on September 2, 2011.

In the reporting week, foreign currency assets, a major constituent of overall reserves, decreased $1.803 billion to $285.588 billion, RBI said.

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen held in reserves.

After remaining unchanged for a couple of weeks, the country’s gold reserves dropped by $919.7 million to $20.013 billion.

Special Drawing Rights (SDRs) were down $22.8 million to $4.284 billion, while the country’s reserve position with theIMF dipped by $8.2 million to $1.540 billion during the week, the RBI data showed.

 

‘Continuing a downward trend for the third consecutive week, India’s foreign exchange reserves fell by $101.3 million to $315.596 billion in the week to September 19 despite a rise in non-US currency assets.

 In the week to September 12, the reserves had dropped by $1.615 billion to $315.697 billion.

Foreign currency assets, a major constituent of overall reserves, rose by $18.9 million to $288.783 billion for the week under review.

 FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.

 The gold reserves remained unchanged at $20.933 billion.

 The special drawing rights were down $8.4 million to $4.324 billion, while India’s reserve position with the IMF dipped by $111.8 million to $1.555 billion during the week, the RBI data showed.

 

Forex reserves declines for the second straight week after US$ 1.33 billion fall in the previous week ended 12 September

India’s foreign exchange (forex) reserves dipped US$ 1.62 billion to US$ 315.698 billion in the week ended 12 September 2014. Foreign currency assets fell US$ 1.60 billion during the week under review to US$ 288.765 billion as on 12 September 2014.

Forex reserves have increased US$ 11.475 billion in FY2015 so far, while jumped US$ 40.347 billion in the calendar year 2014 so far.

Gold reserves were flat at US$ 20.933 billion in the week ended 12 September 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country’s reserve position in the IMF eased slightly to stand at US$ 4.333 billion and US$ 1.667 billion, respectively in the week ended 12 September 2014.

 

Foreign exchange reserves have fallen to a near eight-week low for the week ended September 5, show RBI data released on Friday. During the week under review, reserves fell $1.33 billion to $317.31 billion, RBI data show. The reserves stood at $317.04 billion in the week ended July 11. Foreign currency assets, a key component of reserves, fell $1.03 billion to $290.36 billion.

For the week under review, the Special Drawing Rights (SDRs) fell by $41.6 million to $4.34 billion, while India’s reserve position with the International Monetary Fund was down $16 million to $1.67 billion.

 
India’s foreign exchange reserves  rose by $1.094 billion to $ 314.925 billion in the week ended May 16, the Reserve Bank of India (RBI) said here today.
 
In its weekly statistical supplement issued here today, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, increased by $ 1.266 billion to $ 287.816 billion during the week.
 
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
 
According to the bulletin, the country’s gold reservesremained unchanged at last week’s level of $ 20.966 billion, while its special drawing rights (SDRs) declined by $14.5 million to $ 4.462 million during the week.
 
India’s reserve position in the Indian Monetary Fund (IMF) went down by $ 158.1 million to $ 1.681 billion during the period, the bulletin added.
 

FOREIGN EXCHANGEThe foreign exchange reserves rose by $1.97 billion to $313.83 billion in the week ended May 9, on higher currency assets.

Previous week, the total reserves rose by $1.94 billion to $311.86 billion.

Foreign currency assets (FCAs), a major part of the overall reserves, increased by $1.978 billion to $286.549 billion in the period, RBI said.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.

The gold reserves remained unchanged at $20.965 billion, as per the RBI data.

The special drawing rights declined by $3.6 million to $4.476 billion, and the country’s reserve position with the IMF dipped $1.7 million to $1.838 billion in the period, the RBI weekly data showed.

 

India’s foreign exchange (Forex) reserves increased by $499.8 million to $309.91 billion in the week ended April 25.

In the reporting week, the country’s foreign currency assets rose by $493.2 million to $282.02 billion and gold reserves remained unchanged at $21.56 billion.

Special Drawing Rights and country’s reserve position in International Monetary Fund went up by $4.6 million and $2 million, respectively.

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