India Foreign Exchange 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.

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The forex kitty had surged by $3.074 billion to a record high of $608.081 billion in the previous reporting week.

Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.

The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA).

Shaktikanta Das on Friday said India's foreign exchange reserves may have crossed record level of $600 billion on the back of robust capital flows.

RBI Data: Gold reserves increased by $34 million to $35.354 billion in the reporting week.

The World Bank has signed agreements with Pakistan to provide a loan of USD 1.336 billion for assistance to boost the cash-strapped country's foreign exchange reserves and help support social sector programmes.

India's reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus.

In the previous week ended October 30, the reserves had increased by $183 million to $560.715 billion.

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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

India's trade gap narrowed to a 13-year low in May, as imports declined faster than exports.

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $5.106 billion to $468.737 billion.

Forex reserves surged by massive $8.22 billion in the week ended June 5.

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.

The rise in India's foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia's third-largest economy, according to some central bankers and economists

The forex kitty had surged by $3.074 billion to a record high of $608.081 billion in the previous reporting week.

Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.

The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA).

Shaktikanta Das on Friday said India's foreign exchange reserves may have crossed record level of $600 billion on the back of robust capital flows.

RBI Data: Gold reserves increased by $34 million to $35.354 billion in the reporting week.

The World Bank has signed agreements with Pakistan to provide a loan of USD 1.336 billion for assistance to boost the cash-strapped country's foreign exchange reserves and help support social sector programmes.

India's reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus.

In the previous week ended October 30, the reserves had increased by $183 million to $560.715 billion.

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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

India's trade gap narrowed to a 13-year low in May, as imports declined faster than exports.

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $5.106 billion to $468.737 billion.

Forex reserves surged by massive $8.22 billion in the week ended June 5.