Premium
This is an archive article published on May 30, 2004

Forex reserves dip for the first time in 04-05

India's foreign exchange reserves declined for the first time in the current fiscal by 56 million to reach 118.57 billion for the week end...

google-preferred-btn
.

India8217;s foreign exchange reserves declined for the first time in the current fiscal by 56 million to reach 118.57 billion for the week ended May 21.

The country8217;s foreign currency assets were also down by 74 million to 113.09 billion during the period under review, according to RBI8217;s weekly statistical supplement.

Analysts said foreign institutional investors were net sellers in equities at over 200 million during reporting week which was marked by suspension of trading on May 17 due to extreme volatility.

The appreciation and depreciation of international currencies such as Euro, Sterling Pound and Yen also impacted the currency reserves, they said.

Gold reserves and special drawing rights remained static at 4,191 million and 2 million respectively.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The protest was held in Dehradun on Sunday seeking accountability in the case of 19-year-old Ankita Bhandari’s murder.
‘We’ll continue until Ankita gets justice’: Protests rage across Uttarakhand demanding CBI probe in 2022 murder
Kabaddi promoter Kanwar Digvijay Singh was shot dead; Police and forensic teams inspect the crime scene. (File Photo)
Cash, crime and kabaddi: Another killing shows rising stakes of ‘rural’ sport in Punjab
Anurag Kashyap heaps praises on Ranveer Singh's Dhurandhar.
Anurag Kashyap heaps praise on Dhurandhar while disagreeing with its politics: 'Aditya Dhar is a Kashmiri Pandit who has suffered'
Jay Bhanushali and Mahhi Vij confirm divorce
Jay Bhanushali and Mahhi Vij announce divorce after 14 years of marriage: 'We chose peace over drama'
His first internship was difficult, but it pushed him to improve
10-hour factory shifts to US tech firm: How Indian man rewrote his future in just 18 months after dropping out of college
Snow-covered roads and mountains are visible in the background
Shirtless men dance with hookahs in snow-covered Himachal, video sparks backlash
In the last three months, since the onset of the domestic season, Mohammed Shami has straddled in all three formats, excelled in each and regained much of the sharpness that intermittent injuries had eroded. (PTI Photo)
'He has art, wickets, fitness, form… what more does he need?' asks Mohammed Shami’s coach
The start to the senior boxing nationals was delayed in Greater Noida on Sunday. (PHOTO: Special Arrangement)
Boxing nationals delayed by more than four hours after delay in arrival of equipment and steel wire snapped at venue
My wish for 2026 is that we somehow manage to get an Opposition party that will put the Modi government on the mat for its many failures on many, many fronts.(Illustration: C R Sasikumar)
My wish for 2026 is that we somehow manage to get an Oppn party
Maduro captured, flown out; US to run Venezuela: Trump
US capture of Venezuela’s Nicolas Maduro puts New Delhi in a bind
low salt diet
This is what happens to the body when you are on a low-salt diet
CES 2026 keynotes
CES 2026: How to watch Nvidia, Samsung, Lenovo keynotes live; date and timings
Advertisement
Must Read
'He has art, wickets, fitness, form… what more does he need?' asks Mohammed Shami’s coach
In the last three months, since the onset of the domestic season, Mohammed Shami has straddled in all three formats, excelled in each and regained much of the sharpness that intermittent injuries had eroded. (PTI Photo)
Boxing nationals delayed by more than four hours after delay in arrival of equipment and steel wire snapped at venue
The start to the senior boxing nationals was delayed in Greater Noida on Sunday. (PHOTO: Special Arrangement)
Hockey India League: Kalinga Lancers, last season's entertainers, begin with encouraging 4-2 win against Ranchi Royals
Alexander Hendrickx scored two goals as Kalinga Lancers started the season with a fine 4-2 win against Ranchi Royals. (Credit: Hockey India League)
CES 2026: How to watch Nvidia, Samsung, Lenovo keynotes live; date and timings
CES 2026 keynotes
Ancient ape fossils offer new clues to humanity’s first steps
At the time, some researchers suggested the species could be the direct ancestor of modern humans, largely based on the position of the skull. (Image: Smithsonian)
Elon Musk’s X says users, not Grok, will be liable for illegal AI-generated content
Many users turn to AI chatbots like Grok and Ask Perplexity to verify claims circulating on X.
This is what happens to the body when you are on a low-salt diet
low salt diet
Advertisement
Buzzing Now
10-hour factory shifts to US tech firm: How Indian man rewrote his future in just 18 months after dropping out of college
His first internship was difficult, but it pushed him to improve
Shirtless men dance with hookahs in snow-covered Himachal, video sparks backlash
Snow-covered roads and mountains are visible in the background
‘Not unjust enrichment’: how a Mumbai trader turned stock broker’s technical glitch into Rs 1.75-crore profit
Rajguru later made profits of Rs 2.38 crore, leading to a net gain of Rs 1.75 crore
Google engineer shares AI coding tool builds in 1 hour what her team spent a year on
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
Deepinder Goyal that his introverted nature had proved to be lucky for him
Jan 04: Latest News
Advertisement