Forex Reserves At Record High

A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.

Forex Reserves Data: In the previous week ended October 8, the reserves had increased by $2.039 billion to $639.516 billion

In the previous week ended August 27, the reserves had surged $16.663 billion to $633.558 billion, mainly due to a rise in Special Drawing Rights (SDR) holding

On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.

In the reporting week ended July 30, the rise in the reserves was on the back of an increase in foreign currency assets (FCAs), a major component of the overall reserves

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

Foreign currency assets (FCA) surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India (RBI).

So far in FY2020-21 (up to July 31), the reserves have risen by $56.8 billion

In the week ended July 3, the reserves rose due to an increase in foreign currency assets, which is the major component of the overall reserves

The Reserve Bank of India doesn't seem to be in a mood to give the currency a free run even as most of its regional peers have rebounded from the virus-induced selloff.

The RBI is not likely to cut policy rates and lower real rates to prevent further currency appreciation, as the central bank is following a flexible inflation targeting regime, according to Morgan Stanley.

Continuing the rising trend, forex reserves increased by $253.6 million to touch record high of $365.749 billion in the week to August 5, the Reserve Bank said on Friday.

India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said.

Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22, Reserve Bank said on Friday.

The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by $157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.

Forex Reserves Data: In the previous week ended October 8, the reserves had increased by $2.039 billion to $639.516 billion

In the previous week ended August 27, the reserves had surged $16.663 billion to $633.558 billion, mainly due to a rise in Special Drawing Rights (SDR) holding

On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.

In the reporting week ended July 30, the rise in the reserves was on the back of an increase in foreign currency assets (FCAs), a major component of the overall reserves

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

Foreign currency assets (FCA) surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India (RBI).

So far in FY2020-21 (up to July 31), the reserves have risen by $56.8 billion

In the week ended July 3, the reserves rose due to an increase in foreign currency assets, which is the major component of the overall reserves

The Reserve Bank of India doesn't seem to be in a mood to give the currency a free run even as most of its regional peers have rebounded from the virus-induced selloff.

The RBI is not likely to cut policy rates and lower real rates to prevent further currency appreciation, as the central bank is following a flexible inflation targeting regime, according to Morgan Stanley.

Continuing the rising trend, forex reserves increased by $253.6 million to touch record high of $365.749 billion in the week to August 5, the Reserve Bank said on Friday.

India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said.

Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22, Reserve Bank said on Friday.

The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by $157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said on Friday.