China has the largest forex reserves in the world
In the previous week, the reserves had increased by USD 728.9 million to USD 421.487 billion. The reserves had touched a life-time high of USD 421.914 billion on February 9, FY18.
The surge in reserves was aided by an increase in foreign currency assets, a major component of the overall reserves.
The country's forex reserves surged by USD 2.604 billion to reach an all-time high of USD 400.726 billion in the week ended September 8 on account of rise in foreign currency assets
In the previous week, the reserves had marginally declined by USD 161.9 million to USD 386.377 billion.
Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.
Foreign currency assets (FCAs), a major component of overall reserves, increased by USD 2.748 billion to USD 357.290 billion in the reporting week, RBI said.
The reserves had risen by USD 1.594 billion to USD 372.73 billion in the previous week.
The country's foreign exchange reserves have risen by $333.7 million to reach a fresh life-time high of $360.250 billion in the week to April 15, the Reserve Bank of India said today.
Mumbai: A strengthening rupee, buoyant equity markets coupled with a fall in dollar value boosted India's foreign exchange (Forex) kitty by $2.26 billion, experts said on Saturday.Overall, the Forex reserves stood at $353.06 billion for
Mumbai: The country's reserves surged by US $1.432 billion to US $316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed on Saturday.In the previous week, reserves
Mumbai: Falling for the fourth week in a row, India's foreign exchange reserves went down by USD 1.415 billion to USD 314.181 billion in the week to September 26 on account of a hefty drop
Mumbai: The rupee has ended the fiscal with a loss of over 10 per cent against the US dollar, clawing back from its lifetime low hit in August and becoming one of the best performing
New Delhi: India will add $15 billion to forex reserves this year, Finance Minister P Chidambaram said today.India had forex reserves amounting to $292.33 billion as on February 7. About $1.26 billion came in the
Mumbai: Growing for a fifth consecutive week, India's forex reserves added $4.41 billion to $295.71 billion in the week ended December 6 on account of a rise in foreign currency assets, the Reserve Bank of
Mumbai: India's forex reserves rose for the fifth consecutive week, adding USD 4.41 billion to USD 295.71 billion in the week ended December 6 on account of a rise in foreign currency assets, the Reserve
Mumbai: Forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets.In the
New Delhi: The foreign exchange reserves rose for the fourth consecutive week with the week to October 25 adding another $1.828 billion taking the overall forex kitty to $282.95 billion, the Reserve Bank said on
New York: Asserting that the fundamentals of the Indian economy are strong, Prime Minister Manmohan Singh has said GDP will improve in the second half of fiscal 2013—14 and that the government is commitment to
St Petersburg: India today said it has “adequate” foreign exchange reserves—at present USD 280 billion—to defend its currency amid global volatility and ruled out taking any external assistance unless there is a “radical” change in