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Kolkata: The rupee, already the weakest Asian currency this year in a back-loaded retreat against the US dollar, Tuesday breached the 91 mark for the first time on unabated outflows from local assets by overseas investors. The currency, which Tuesday touched a fresh all-time low of 91.08, has depreciated over 6% this year against the US dollar, the world's reserve currency in which both traded and investable assets are priced across geographies. 'Pace of Decline to Slow' Nearly half of that d ...Read More >
New Delhi [India], November 16 (ANI): India's foreign exchange reserves declined by USD 2.699 billion in the week that ended November 7 to USD 687.034 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed. Over the past month, the forex kitty has been in a downtrend, except for one week. Still, the country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 b ...Read More >
New Delhi [India], October 26 (ANI): India's foreign exchange reserves rose by USD 4.5 billion in the week that ended October 17 to USD 702.280 billion, primarily driven by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'. The country's forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchang ...Read More >
Mumbai: Gold has outpaced domestic equities on the return chart, riding a record rally fuelled by global central banks' voracious appetite, and growing investor demand for inflation-hedges. In rupee terms, the yellow metal has delivered a 50.1% return over the past year, compared with a 1.2% decline in Sensex. The past year's rally has been driven largely by central bank purchases, as uncertainty stemming from tariff wars has fuelled demand for safe-haven assets. "Central banks continue to buy ...Read More >
New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ... New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to USD 698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.' The country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billi ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): India's foreign exchange reserves rose by USD 2.703 billion to USD 698.192 billion for the week ending July 25, after falling for three consecutive weeks, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week, the country's foreign exchange reserves fell by USD 1.18 billion to USD 695.49 billion. In the week ending July 25, foreign currency assets, the major constituent of the forex reserves, ros ...Read More >
Mumbai: India's foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second consecutive week of decline, according to official data released by the Reserve Bank of India (RBI). In the previous reporting week ending July 4, the country's forex reserves had slipped by USD 3.049 billion to USD 699.736 billion. In the week ending July 11, foreign currency assets -- the major component of forex reserves -- fell by USD 2.477 billion to USD ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): India's foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second straight week of decline, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week of July 4, the country's forex reserves witnessed a slip of USD 3.049 billion to USD 699.736 billion. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 20, 2025 Declared, C ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): India foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second straight week of decline, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week of July 4, the country forex reserves witnessed a slip of USD 3.049 billion to USD 699.736 billion. In the week ending July 11, foreign currency assets, which are the major constituent of the f ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. Also Read | Bodoland Lottery Result Today, July 12, 2025: Assam State Lottery Sambad Saturday Lucky Dra ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the fo ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the foreig ...Read More >
New Delhi, July 7 (SocialNews.XYZ) While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday. Of the total mined gold ever, 65 per cent is in the form of jewellery, and a mere 5 per cent shift of global reserves into gold could trigger a sustained and significant rally in its price, according to the DSP Mutual Fund's July 2025 Netra report. Central bank gold reser ...Read More >
New Delhi [India], July 6 (ANI): India's foreign exchange reserves (forex) witnessed an uptick of USD 4.8 billion to USD 702.78 billion for the week ending June 27, after a decline in the previous week, official data released by the Reserve Bank of India showed. In the week ending 20 June, forex stood at USD 697.93 billion, down by USD 1.02 billion from the previous week. Also Read | Bhind Shocker: Porn-Addict Man Kills Wife for Refusing To Record Sex Act; Police Find Obscene Videos and Sex-En ...Read More >
India is pressing multilateral development banks (MDBs) to lend more in Japanese yen and Indian rupees in an attempt to reduce borrowing costs and manage exchange rate risks more effectively, two officials aware of the matter said. New Delhi has steadily expanded loans and official development assistance (ODA) in yen to gain from ultra-low interest rates and the rupee's appreciation against the Japanese currency. Many of these loans finance infrastructure and development projects. "Yen rates r ...Read More >
MUMBAI: India's foreign exchange reserves (forex) declined by USD 1.02 billion this week after extending gains in the previous week stabilising at USD 697.93 billion, official data released by the Reserve Bank of India showed. The Forex extended their gains, jumping USD 2.294 billion to USD 698.950 billion in the week ending June 13. As on June 20, the data shows that the foreign currency assets declined USD 0.36 billion to USD 589.07 billion. Gold reserves were down by USD 5.73 million to stan ...Read More >
Mumbai (Maharashtra) [India], June 29 (ANI): India's foreign exchange reserves (forex) declined by USD 1.02 billion this week after extending gains in the previous week stabilising at USD 697.93 billion, official data released by the Reserve Bank of India showed. The Forex extended their gains, jumping USD 2.294 billion to USD 698.950 billion in the week ending June 13. Also Read | FIFA Club World Cup 2025 Live Streaming in India, Paris Saint-Germain vs Inter Miami: Where To Watch CWC Round of ...Read More >
MUMBAI: India's foreign exchange reserves (forex) slumped USD 1.237 billion to USD 691.485 billion in the week ending May 30, official data released by the Reserve Bank of India showed on Friday. RBI Governor Sanjay Malhotra said the foreign exchange kitty is sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, announcing the outcome of the Monetary Policy Committee (MPC) decisions earlier today. The RBI governor added, "Overall, India's external sector ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. 'As of May 30, 2025, India's foreign excha ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Also Read | Citigroup Layoffs: Banking Gia ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers s ...Read More >
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