Tag Archives: gold reserves

India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion for the week ended July 4, according to data released by the Reserve Bank of India (RBI) on Friday.This comes after a sharp rise of $4.849 billion in the previous week, which had taken the reserves to $702.784 billion. The all-time high of $704.885 billion was recorded in end-September …

Forex Reserves (AI image) India’s foreign exchange reserves increased by $6.992 billion, reaching $692.721 billion for the week ended May 23, according to the RBI’s Friday announcement. The overall reserves had previously declined by $4.888 billion to $685.729 billion in the week ended May 16. The reserves had achieved their highest level of $704.885 billion at the end of September …

Globally, central banks’ collective gold holdings grew from 26,000 tonnes to 32,000 tonnes during the 15-year period ending 2024. (AI image) RBI has been on a gold buying spree, but it’s not alone! Several countries besides India are increasing their gold holdings significantly. Among countries that witnessed the most substantial increase in gold’s proportion of their total foreign exchange reserves …

MUMBAI: India’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11, RBI said on Friday. This is the sixth consecutive week of a rise. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4. Forex reserves touched an all-time high of $704.9 billion in Sept 2024. …

Anil Agarwal is confident about gold’s trajectory, citing predictions of prices surpassing $3,000 per ounce amidst global economic instability. US President Donald Trump wants America to ‘Drill baby, drill’ for oil. In India Vedanta chairman Anil Agarwal has echoed a similar sentiment – but for gold! In a recent post on X (formerly Twitter), Anil Agarwal has expressed optimism about …

NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as of 10 January, according to data from the Reserve Bank of India (RBI). This marks a decline of $8.72 billion against the previous week, continuing the slump from the all-time high of $704.89 billion recorded in September.The drop in …