Posts Tagged: special drawing rights

 

IV4The country’s foreign exchange reserves rose by $ 954.6 million for the week ending February 28 to $ 294.36 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves, rose by $ 33.6 million to $266.90 billion. Gold reserves rose by $ 902.3 million to $ 20.98 billion.

For the week under review, the Special Drawing Rights (SDRs) rose by $ 13 million to $ 4.47 billion, while India’s reserve position with the International Monetary Fund was up $ 5.7 million to $ 2.01 billion.

 

India’s foreign exchange reserves surged by USD 1.46 billion to USD 293.79 billion in the week ended February 14 on account of increase in the currency assets, the Reserve Bank said Friday.

In the previous reporting week, the reserves had increased by USD 1.26 billion to USD 292.33 billion.

Foreign currency assets (FCAs), a major part of the overall reserves, rose by USD 1.414 billion to USD 267.25 billion in the week under review, RBI said.

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 its reserves.

During the week, the gold reserves were unchanged at USD 20.075 billion. >> Read More

 
GOOGLE-MARKETCAPIndia’s foreign exchange reserves rose by $ 1.26 billion to $ 292.33 billion in the week ended February 7, theReserve Bank of India (RBI) said here yesterday.
 
In its weekly statistical supplement issued here, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, increased by $ 1.263 billion to $ 265.832 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 $ 20.076 billion, while its special drawing rights (SDRs) declined by $1.3 billion to $ 4.429 billion.
 
India’s reserve position in the Indian Monetary Fund (IMF) went down by $1.5 million to $ 1.994 billion, the bulletin added.
 

down arrowForeign exchange reserves fell by $1.17 billion for the week ending January 31 to $ 291.07 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves fell by $1.48 billion to $264.57 billion. Gold reserves rose by $351 million to $20.08 billion.

For the week under review, the Special Drawing Rights (SDRs) fell by $25.6 million to $4.43 billion, while India’s reserve position with the International Monetary Fund was down $11.5 million to $ 1.99 billion.

 

India’s foreign exchange (forex) reserves decreased by $1.20 billion to $292.08 billion for the week ended Jan 17, Reserve Bank of India (RBI) data showed.  The foreign exchange reserves had increased by $177.8 million to $293.28 billion for the week ended Jan 10.  According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, fell by $1.20 billion to $265.93 billion. The foreign currency assets had risen by $190.3 million to $267.14 billion in the previous week.

RBI said that the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.

The value of special drawing rights (SDRs) increased by $2.6 million to $4.42 billion during the week under review. India’s reserve position with the International Monetary Fund (IMF) grew by $1.2 million to $1.99 billion.

The value of India’s gold reserves remained stagnant at $19.72 billion.

 

India’s foreign exchange reserves rose in the week ending November 15 by $1.46 billion to $283.57 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves rose by $1.47 billion to $255.90 billion. Gold reserves for the week remained unchanged.

For the week under review, the Special Drawing Rights (SDRs) fell by $3.9 million to $4.4 billion, while India’s reserve position with the International Monetary Fund was down $2 million to $2.03 billion.

 

forex01India’s forex reserves rose for a fourth consecutive week with the week to October 25 adding another $1.828 billion, taking the overall forex kitty to $282.95 billion, Reserve Bank of India (RBI) data showed on Friday.

The reserves had grown by $1.9 billion to $281.12 billion during the week before.

Foreign currency assets (FCAs), which form the largest chunk of the reserves, jumped $1.8 billion to $254.50 billion in the week under review, the apex bank said. >> Read More

 

India’s forex reserves fell by $685 million to $274.80 billion in the week ended September 6.

 In the previous reporting week, the forex reserves had slumped by $2.23 billion to $275.49 billion.

 The foreign currency assets, which form a large part of the forex reserves, fell by $656.5 million to $246.74 billion in the latest reporting week.

 Gold reserves, in the latest reporting week, were flat at $21.72 billion.

 Special Drawing Rights and the country’s reserve position in the International Monetary Fund were down $19.6 million and $9 million to $4.35 billion and $1.98 billion, respectively.

 

India’s forex reserves have fallen to a 39-month low, according to the latest data released by the Reserve Bank of India (RBI).

The total forex reserves were at $275.49 billion on August 30. Reserves fell by $2.23 billion during the week. The last time the forex reserves were at $272.7 billion was on the week ended June 11, 2010.

Foreign currency assets, which form a substantial part of the reserves, fell by $3 billion. However, the fall got compensated a little as the value of gold held by the RBI increased by $977 million after the monthly revaluation.

The country’s reserve position at the International Monetary Fund (IMF) decreased by $112.5 million to $1.9 billion, while special drawing rights from the IMF increased by $7.2 million to $4.3 billion. >> Read More

 

FOREX-RESERVEIndia’s foreign exchange reserves fell by almost $ 3 billion to $ 277.17 billion for the week ended August 2, the lowest level in over three years, the Reserve Bank of India (RBI) data released on Friday showed.

Last time the foreign exchange reserves had reached at this level in the week ended June 25, 2010.

In the week ending July 26 foreign exchange reserves had recorded a rise of $960.2 million to $ 280.16 billion.

According to weekly statistical supplement of the central bank, fall in reserves was due sharp fall foreign currency assets which are the substantial part of reserves. Foreign currency assets dropped by over $ 2 billion during the week ended August 2 to $ 249.90 billion.

Currency dealers are of the opinion that this is because the central bank has been intervening in the foreign exchange market to arrest the fall in the rupee against the dollar and fresh inflows are not coming in to compensate for the dollar sale by state-run banks on behalf of RBI. Earlier this week the rupee had touched a fresh all-time low of Rs 61.81 against the dollar. >> Read More

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