Tag Archives: foreign exchange reserves

More than seven decades after gaining independence together in 1947, India and Pakistan have taken sharply divergent economic paths, with one of the starkest contrasts visible in their foreign exchange reserves — a key indicator of financial stability and economic resilience.According to a detailed analysis by The Economic Times (ET), India’s forex reserves currently stand at over $688 billion, while …

India’s foreign exchange reserves rose by $1.983 billion to $688.129 billion during the week ended April 25, marking the eighth consecutive weekly increase, the Reserve Bank of India (RBI) said on Friday. In the previous week, reserves had surged by $8.31 billion to $686.145 billion.The reserves remain below the all-time high of $704.885 billion recorded at the end of September …

Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis. The $10.9 weekly increase took place during the week which saw the dollar fall globally in the wake …

NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97 billion, as per the latest data from the Reserve Bank of India (RBI).This marks a strong rebound after months of volatility as the reserves had been declining for nearly four …

India’s foreign exchange reserves saw a significant jump of USD 15.267 billion, reaching a total of USD 653.966 billion during the week ending March 7, marking the largest increase in over two years. This surge follows a decline of USD 1.781 billion in the previous week, which brought reserves down to USD 638.698 billion, news agency PTI reported. The recent …

India’s foreign exchange reserves fell by $1.781 billion in the week ending February 28, bringing the total to $638.698 billion, latest data from the Reserve Bank of India (RBI) revealed.The country’s forex reserves have been on a volatile trajectory, touching an 11-month low after nearly four continuous months of declines. While some weeks have seen gains, others have recorded fresh …

NEW DELHI: India’s foreign exchange reserves broke the three-week upward streak for the week that ended on 14 February, falling by $2.54 billion to reach $635.721 billion, according to data released by the RBI on Friday.This follows a rise of $7.654 billion in the previous week to $638.261 billion.India’s forex reserves had reached an all-time high of $704.885 billion in …

NEW DELHI: FM Nirmala Sitharaman on Monday clarified in the Lok Sabha that India’s rising gold reserves, including those held by RBI, is not intended to replace any international currency.She responded to Congress MP Manish Tiwari’s concerns about whether the global shift towards gold signalled a move away from the US dollar as a dominant settlement mechanism.Sitharaman said, “Gold is …

MUMBAI: The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the dollar. The local currency closed at 85.97 against the greenback, down 12 paise from Thursdays’ close of 85.85. The rupee is likely to breach 86 levels on Monday with the dollar index surging sharply late evening after US non-farm payroll data came …

NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease in reserves, primarily due to revaluation …