Forex reserves

'You buy umbrella to use it when it rains': RBI Governor on using forex reserves to tackle currency volatility 

Due to the RBI actions, including measures to encourage inflows, the movements of the rupee have been relatively smooth and orderly, the governor pointed out.

published on : 22nd July 2022

Forex reserves fall USD 8.062 billion to USD 580.252 billion

In the reporting week ended July 8, the Special Drawing Rights with the International Monetary Fund dropped by USD 122 million to USD 18.012 billion.

published on : 15th July 2022

Forex reserves rise by USD 4.23 billion to USD 597.51 billion: RBI data

The country's foreign exchange reserves had declined by USD 2.676 billion to USD 593.279 billion in the previous reporting week ended May 13.

published on : 27th May 2022

Forex reserves down USD 3.271 billion to USD 600.423 billion

The fall in the reserves was on the account of a decline in the Foreign Currency Assets (FCA), a major component of the overall reserves, and gold reserves.

published on : 29th April 2022

Forex reserves declined by USD 311 million to USD 603.694 billion: RBI data

Gold reserves increased by USD 626 million to USD 43.145 billion in the reporting week, the data showed.

published on : 22nd April 2022

Higher foreign exchange reserves lower cost of foreign borrowings, hedging cost: RBI article

At the peak, the reserves were good enough to cover 18 months of imports and forex reserves were measured in terms of import cover, which no longer is the criteria.

published on : 19th April 2022