Foreign exchange reserves were down by $616.4 million to $293.69 billion for the week ending May 10, the Reserve Bank of India (RBI) data showed on Friday.

Foreign currency assets, a major component of the forex reserves, were down by $568.1 million to $263.16 billion.

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

The gold reserves were at $23.97 billion. >> Read More

India’s foreign exchange reserves fell by $485.9 million to $ 294.761 billion during the week ended April 19 from $295.247 billion in the previous week, the Reserve Bank of India (RBI) has said.

India’s forex reserves jumped for the second consecutive week, rising $1.40 billion to stand at $295.25 billion for the week ended April 12, due to an increase in core currency assets.

The reserves had gained $1.19 billion to $293.84 billion in the previous week.

Foreign currency assets (FCAs), a major component of the reserves, were up $1.386 billion to $262.90 billion for the week ended April 12, Reserve Bank’s weekly statistical supplement said today.

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

Gold reserves remained unchanged at $25.69 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $11.5 million to $4.345 billion, while India’s reserve position with the IMF rose $6.1 million to $2.310 billion, the RBI data showed.

The foreign exchange reserves of the country rose by $ 77.6 million to $ 295.75 billion for the week ended January 25 in the wake of increase in currency assets, the Reserve Bank said today. 

The total reserves had dropped by $ 580 million to $ 295.67 billion in the previous reporting week. 

The foreign currency assets, a major component of the reserves, were up by $ 79.3 million to $ 261.708 billion for the week ended January 25, Reserve Bank’s weekly statistical supplement said today. 

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

Gold reserves remained unchanged at $ 27.219 billion during the week, the apex bank said. 

For the week under review, the special drawing rights (SDRs) were down by $ 1.1 million to $ 4.434 billion, while the country’s reserve position with the IMF was also down marginally by $ 0.6 million to $ 2.387 billion, the apex bank data showed.

The foreign exchange reserves of the country fell by $471.3 million to $294.51 billion for the week ending November 30 due to slide in gold reserves and core currency assets, the Reserve Bank said on Saturday.

The overall reserves had increased by $1.45 billion to $294.98 billion in the previous reporting week.

For the week ended November 30, the gold reserves slid by $386.2 million to $27.80 billion, the RBI said.

Similarly, the core foreign currency assets, a major part of the reserves, also dropped by $125.7 million to $260.01 billion, the central bank said in its weekly statistical supplement.

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

For the week under review, the special drawing rights (SDRs) were up by $26.9 million to $4.430 billion, while the country’s reserve position with the IMF was up $13.7 million to $2.264 billion, the RBI data showed.

Australia and Japan witnessed marginal declines in gold reserves during November.

Japan’s gold reserves dropped to gold reserves were at $42.46 billion in November while Australia’s gold reserves decreased to A$4.248 billion from A$4.253 billion. >> Read More

 Country’s foreign exchange reserves rose $2.43 billion to $294.47 billion during the week ended September 14, mainly due to revaluation of currencies. 

According to data released by the Reserve Bank of India, foreign currency assets, which includes the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in the reserves rose $2.33 billion to $261.52 billion. 

Gold remained unchanged at $26.23 billion during the week. Special drawing rights -the reserve currency with the International Monetary Fund -went up $65.4 million to $4.47 billion. Reserve position in the International Monetary Fund also increased $ 32.9 million to $2.24 billion during the week.

India’s foreign exchange reserves plunged by $2.40 billion to $285.85 billion for the week ended June 1, apparently due to the central bank selling dollars to defend the rupee, Reserve Bank of India data showed Friday.

This is the fifth weekly drop in the forex reserves kitty. The reserves had declined by $1.74 billion and $1.80 billion respectively in the previous two weeks.

The Reserve Bank of India is believed to have sold dollars during these weeks to curb the slide in the rupee’s value.

The partially convertible rupee slumped to a record low of 56.52 against a US dollar on May 31. It has weakened sharply in the last two months due to increased demands from oil importers and outflow of money by the foreign institutional investors as poor GDP growth data dampened sentiments in the Indian markets.

Foreign currency assets, the biggest component of the forex reserves kitty, dropped by $1.31 billion to $253.09 billion during the week ended June 1, according to the Reserve Bank of India’s weekly statistical supplement. >> Read More

The country’s foreign exchange reserves dipped for the sixth straight week despite measures to boost inflows over the past two months. While a part of the dip in reserves is attributed to the Reserve Bank of India (RBI) selling dollars to rein in the value of the rupee against the dollar, there could also be an impact of revaluation of non-dollar assets in reserves. 

Forex reserves dipped $1 billion during the week ended January 13. According to the latest figures released by RBI, total foreign exchange reserves are at $292.5 billion as on January 13. Foreign currency assets comprising dollars, British pounds and euro ,among others dipped $1,009 million during the week. >> Read More