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RBI's forex swap draws $136.37 billion, FCNR(B) deposits drive surge

September 02, 2026 7:36 pm

FCNR(B) deposits accounted for the overwhelming share of the mobilisation at $127.226 billion.

Forex reserves, forex, gold bonds, sovereign gold bonds, Interbank Foreign Exchange (Forex), Gold prices, international gold prices, Indian economy, Indian economic growth, Narendra Modi, Manmohan Singh, Gold Bond Scheme, editorial, Indian express, opinion news, current affairs

A ‘golden’ fix for India’s forex stress?

July 26, 2026 12:56 pm

With forex reserves plummeting to just $1.1 billion in June, barely enough to pay for 2-3 weeks of essential imports, the RBI proposed pledging 50 tonnes of gold to raise foreign exchange

Top 10 countries with the highest forex reserves in 2026: China at No.1, India at #5

June 30, 2026 3:34 pm

Top 10 countries with the highest forex reserves in 2026 list: From currency stability to crisis protection, foreign exchange reserves play a crucial role in global finance. Here are the Top 10 countries leading the world in forex reserves in 2026.

How long-term bet on rupee saved Rs 14,000 crore of forex in February

April 30, 2026 11:21 am

New data shows import amount settled by Indian traders in rupees in Feb is Rs 3,000 cr more than in Jan

Forex trader duped of Rs 50 Lakh on pretext of dollar exchange; two booked

December 03, 2025 8:07 pm

Vinod Kumar, a resident of Tej Bagh Colony in Patiala, told the police that he has been running a money exchange business under the name ‘Singla Forex’.

Countries that Use Most Cash in 2025 List

Countries with most cash use in world in 2025: Pakistan in top 10; know where India ranks

November 12, 2025 6:12 pm

List of top 10 countries with most cash usage in 2025: At the top of the list is Myanmar, where cash is used for about 98 per cent of everyday transactions.

RBI announces $5-bn forex swap, OMOs and VRR to inject liquidity

January 28, 2025 5:39 pm

The regulator also announced open market operation (OMO) purchase auctions aggregating to RS 60,000 crore and a 56-day variable rate repo (VRR) auction in February.

Indian rupee, Rupee against dollar, Indian rupee value, Indian rupee US dollar, dollar vs rupee, forex kitty, Forex reserves, Interbank Foreign Exchange (Forex), Indian express news, current affairs

In calibrated move, RBI loosens grip, lets rupee depreciate against US dollar

January 19, 2025 10:24 pm

Since December 10, rupee has depreciated 2.12% against US dollar to touch 86.62

Forex reserves dip to nearly six-month low

December 20, 2024 7:16 pm

The reserves had declined by $3.2 billion in the week of Dec. 6, and have declined by $52 billion from the record high of $704.89 billion hit on Sept. 27.

Forex reserves drop to over five-month low

December 14, 2024 10:11 pm

Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves.