Forex Reserve
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India’s Forex Reserves See Biggest Surge in Two Years, Jump $15.26 Billion to $653.96 Billion
The increase follows after the reserves had decreased by $1.781 billion in the prior week, to $638.698 billion. India's forex reserves had been pressured over the last few months due to RBI intervention in the market to contain rupee volatility, as well as valuation adjustments.
India's Forex Reserves Climb for Second Straight Week, Gold Reserves Increase
The country's gold reserves rose by $1.242 billion to $70.893 billion during the week. SDRs went up by $29 million to $17.889 billion, the apex bank said.
India's Forex Reserves Reach $634.59 Billion, Gold Reserves Increase by $824 Million
However, gold reserves, which form part of the foreign exchange kitty, increased by $824 million to $67.1 billion during the week, according to the figures.
Bangladesh's Forex Reserves Fall to $18.61 Billion
The Bangladesh Bank data showed the country's foreign exchange reserves stood at 18,611.40 million dollars on Nov. 28, the last working day of the month, according to the International Monetary Fund (IMF) calculation method, Xinhua news agency reported.
India's Forex Reserves Reach $684.8 Billion, Gold Reserves Increase by $1.2 Billion
Gold reserves, though, part of the country's forex kitty and monitored by the central bank, increased by $1.2 billion during the week to $69.8 billion.
India's Forex Reserves Reach $684.8 Billion as Gold Reserves Increase
The central bank said the gold reserves, that are a part of the foreign exchange kitty, had increased to $68.53 billion in the week ended 5 May from $67.45 billion.
India's Foreign Exchange Reserves Reach $688 Billion as Gold Reserves Increase
In addition, gold now serves as a safe haven against US economic sanctions. Historically, gold is a safe haven asset and has served as a hedge against inflation. And yet, gold has risen to unprecedented levels even though inflation continues to be subdued.
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