Foreign Exchange Reserves

Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.

In the week to Jan. 13, the reserves stood at $572 billion. The RBI has intervened to buy dollars as the Indian rupee has stabilised, according to forex market participants.

That is higher than the country's reserves of $561.58 billion for the week ended Jan. 6, and the more-than-two-year low of $524.52 billion hit in October 2022.

The United States wants to see Pakistan in an economically sustainable position, an official spokesperson said, amid reports that the South Asian country's foreign exchange reserves are fast running out.

For the week ended December 30, the country's reserves were at $562.85 billion, down from $633.61 billion at the end of 2021. The RBI has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation.

Pakistan's economy is currently facing one of its worst crises as the country's foreign exchange reserves have fallen to a critical level of USD 4.5 billion, warned The Federation of Pakistan Chambers of Commerce & Industry's (FPCCI)

The overall reserves had dropped by $571 million to $563.499 billion in the previous reporting week. The reserves had been declining as the central bank deployed the reserve to defend the rupee amid pressures caused majorly by global developments.

Overall, the foreign exchange reserves have declined from $632.7 billion at the beginning of this year. The Reserve Bank of India has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation.

In the previous reporting week, the overall reserves had soared by $11 billion to $571.16 billion. This is the fifth consecutive week of an increase in the reserves.

"The Indian Rupee has been strong against every currency. Reserve Bank has used foreign exchange reserves that it has to intervene in the market to make sure that the Dollar-Rupee fluctuation does not go too much," Nirmala Sitharaman said.

Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak.

It was a volatile week for rupee, as sharp moves brought it back to trade in the 81-per-dollar-handle from near 80.50.

India's foreign exchange reserves rose to $544.72 billion in the week through Nov 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's (RBI) weekly statistical supplement showed today.

The Reserve Bank of India (RBI) sold a net of $10.36 billion in the spot foreign exchange market in September, the central bank said in its latest monthly bulletin released today.

The big jump in India's foreign exchange reserves in the last week of October was likely fuelled by the softer dollar and changes in the central bank's forward book, economists said today.

Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.

In the week to Jan. 13, the reserves stood at $572 billion. The RBI has intervened to buy dollars as the Indian rupee has stabilised, according to forex market participants.

That is higher than the country's reserves of $561.58 billion for the week ended Jan. 6, and the more-than-two-year low of $524.52 billion hit in October 2022.

The United States wants to see Pakistan in an economically sustainable position, an official spokesperson said, amid reports that the South Asian country's foreign exchange reserves are fast running out.

For the week ended December 30, the country's reserves were at $562.85 billion, down from $633.61 billion at the end of 2021. The RBI has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation.

Pakistan's economy is currently facing one of its worst crises as the country's foreign exchange reserves have fallen to a critical level of USD 4.5 billion, warned The Federation of Pakistan Chambers of Commerce & Industry's (FPCCI)

The overall reserves had dropped by $571 million to $563.499 billion in the previous reporting week. The reserves had been declining as the central bank deployed the reserve to defend the rupee amid pressures caused majorly by global developments.

Overall, the foreign exchange reserves have declined from $632.7 billion at the beginning of this year. The Reserve Bank of India has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation.

In the previous reporting week, the overall reserves had soared by $11 billion to $571.16 billion. This is the fifth consecutive week of an increase in the reserves.

"The Indian Rupee has been strong against every currency. Reserve Bank has used foreign exchange reserves that it has to intervene in the market to make sure that the Dollar-Rupee fluctuation does not go too much," Nirmala Sitharaman said.

Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak.

It was a volatile week for rupee, as sharp moves brought it back to trade in the 81-per-dollar-handle from near 80.50.

India's foreign exchange reserves rose to $544.72 billion in the week through Nov 11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's (RBI) weekly statistical supplement showed today.

The Reserve Bank of India (RBI) sold a net of $10.36 billion in the spot foreign exchange market in September, the central bank said in its latest monthly bulletin released today.

The big jump in India's foreign exchange reserves in the last week of October was likely fuelled by the softer dollar and changes in the central bank's forward book, economists said today.