Forex Reserve
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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.
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.
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