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Thursday, August 06, 2020

Forex reserves


Over-reliance on forex reserves is problematic, not using them a lost opportunity

July 01, 2020 2:13 pm

If the government intends to use forex reserves as an emergency fund, it should ensure that they do not shrink just when they are most needed.

Forex reserves slip from all-time high on FPI outflows, rising crude prices

June 27, 2020 12:57 am

Sources say a rise in crude prices result in higher payout for oil import leading to a dip in reserves.

Rising foreign currency assets propel forex reserves to record high

June 21, 2020 12:39 am

Expressed in dollar terms, foreign currency assets include effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Explained: Why India's forex reserves are rising, what this means for the economy

June 19, 2020 9:37 pm

Forex reserves are external assets, in the form of gold, SDRs (special drawing rights of the IMF) and foreign currency assets (capital inflows to the capital markets, FDI and external commercial borrowings) accumulated by India and controlled by the Reserve Bank of India.

Forex reserves cross $500 bn for 1st time

June 13, 2020 12:30 am

In the nine-month period between September 20, 2019 and June 5, 2020, foreign exchange reserves have grown $73 billion. On September 20, Finance Minister Nirmala Sitharaman had announced cut in corporate tax rates.

India's forex reserves jump $8.22 billion; cross half-a-trillion mark for first time

June 12, 2020 10:57 pm

In the previous week ended May 29, the forex reserves had increased by USD 3.44 billion to USD 493.48 billion.

Strong FPI inflows, rising foreign currency assets propel forex reserves to record high

June 06, 2020 11:52 pm

Data released by the Reserve Bank of India shows that in the week ended May 29, foreign currency assets, a major component of the overall reserves, increased by $3.50 billion to $455.21 billion.

Forex reserves fall $12 bn as FPIs pull out funds on virus-driven uncertainty

March 29, 2020 6:05 am

The decline has been primarily driven by outflow of funds by FPIs as they pulled out over $15 billion in March till date.

Forex reserves decline for first time in 25 weeks

March 21, 2020 4:53 am

For the week-ended March 13, forex reserves stood at $481.89 billion and it fell $5.35 billion from the all-time high of $487.23 billion in the week-ended March 6, 2020.

Rupee falls 38 paise; touches 71 against US dollar

August 13, 2019 10:51 am

At the Interbank Foreign Exchange, the rupee opened weak at Rs 71.15 then fell further to 71.16 against the American currency, down 38 paise over it's previous closing price.