Forex Reserve
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India’s Forex Reserves Cross $688 Billion Milestone
The foreign exchange portion of the reserves increased, rising by $2.17 billion to $580.66 billion. Gold reserves, however, went down by $207 million to $84.37 billion, while Special Drawing Rights (SDR) increased by $21 million to $18.59 billion.
India’s Forex Reserves Poised to Reclaim Record High of $704.8 Billion
The week began on a strong footing with an initial surge, but the benchmarks promptly traded in a very narrow band in the following few sessions before witnessing some selling pressure towards the end. Eventually, the Sensex and Nifty ended at 79,212.53 and 24,039.35, respectively.
India's Forex Reserves Climb to $677.84 Billion, Marking Sixth Consecutive Weekly Increase
This is after a huge increase of $10.8 billion the last week, with reserves standing at $676.3 billion as of April 4. The sustained growth represents a bounce back from previous falls occasioned by currency revaluation and RBI intervention to stem rupee volatility.
India's Forex Reserves Climb to $676.3 Billion, Marking Fifth Consecutive Weekly Gain
The majority of the rise was due to a rise in foreign currency assets, which rose by $9 billion, taking it to $574.08 billion. The gold reserves also made a positive contribution by gaining $1.5 billion to reach $79.36 billion. India's Special Drawing Rights (SDRs) also increased by $186 million to reach $18.36 billion.
India’s Forex Reserves Climb to 5-Month High, Hitting $665.4 Billion
This is the fourth straight week of rise in the nation's forex reserves, indicating a turnabout from the previous fall owing to valuation fluctuations and market interventions by the RBI.
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.
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