Tag: Forex Reserves

The domestic current account deficit (CAD) is expected to remain largely in check at around 1.2-1.5 per cent of the GDP in FY26, according to a report by Bank of Baroda. However, the report highlighted...
St. Louis Federal Reserve President Alberto Musalem indicated a potential interest rate cut is on his mind. He stated he could support a reduction if job market risks appear and inflation stays under control. However,...

Forex kitty expands to $702.9 bn, $4.7 bn added in a week; gold reserves rise $2.1 bn

India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion for the week ended September 12, according to data released...

Currency watch: Rupee ends 18 paise lower at 86.70 against dollar; trade jitters and Fed uncertainty weigh on sentiment

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by...

India’s forex reserves dip by $3 bn to $696.67 bn for the week ending July 11

India's forex reserves dipped by $3.06 bn to $696.67 billion for the week ending July 11, data by the Reserve Bank of India...

India’s forex reserves rise $6.992 billion to $692.721 billion in week ended May 23

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...

Big jump in gold reserves! Not just India’s RBI, central banks around the world are stocking up on gold – here’s why

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...

India’s forex reserves fall to $686 billion, down $2 billion as of May 2

India's forex reserves dropped $2.06 billion to $686.06 billion for the week ending May 2, snapping an eight-week gaining streak that had lifted...

RBI forex income expected to rise, lift payout to government

The Reserve Bank of India likely earned a higher income from the deployment of foreign exchange reserves in FY25 compared with the previous...

Forex reserves show a pauperised Pakistan, a prospering India

Since their simultaneous emergence as independent states in 1947, India and Pakistan have embarked on markedly different economic journeys. Among the clearest indicators...

Rupee falls to record 85.77 vs $, forex kitty at 8-month low

MUMBAI: The rupee closed at a record low of 85.77 against the dollar on Friday, marking its ninth consecutive week of...

Weak Q2 GDP may prompt RBI to go for a CRR cut: Experts

Economists from major banks expect the Reserve Bank of India to lower the cash reserve ratio this week. This move would help support...

Forex reserves record biggest weekly drop as RBI moves to support Rupee

MUMBAI: India's foreign-exchange stockpile shrank the most on record last week, surpassing the absolute decline last seen during the peak of the global...

Forex reserves rise $2.8 billion to a new high of $692.3 billion

Mumbai: The Reserve Bank of India's foreign exchange reserves rose to a fresh high of $692.3 billion in the week ended September 20,...

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