Foreign Exchange reserve touches a new high of 451.08 billion USD

According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, Euro and Yen as well. Highlights The increase is mainly due to the rise in ..

Month: Current Affairs - December, 2019

Category: Economy & Banking Current Affairs

Topics: Currency Fluctuations • exports • Foreign currency assets • Foreign exchange reserves • Gold Imports • imports

India’s forex reserves at new life-time high of $430.57 bn

According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US $430.572 billion in week to August 9, 2019. It was on account of rise in foreign currency assets, the major component of the overall reserves. In the previous reporting week ended on August 2, ..

Month: Current Affairs - August, 2019

Category: Economy & Banking Current Affairs

Topics: Foreign currency assets • Foreign exchange reserves • Forex • Gold Reserves • India • life time high • RBI • Reserve position • Special drawing rights

India’s Forex reserves rise to a record high of $426.42 billion

As per the data revealed by Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserve rose to a life-time high of $426.42 billion (in week to 21 June 2019) after it surged by $4.215 billion boosted by higher foreign portfolio investments (FPI) and a stable rupee. Key Highlights Background: Earlier, the Forex reserves had ..

Month: Current Affairs - June, 2019

Category: Economy & Banking Current Affairs

Topics: Foreign currency assets • Foreign Portfolio Investments • Foreign Reserves • FPI • Gold Reserves • IMF • India’s Forex Reserves • International Monetary Fund • RBI • Reserve Bank of India • Reserve Tranche Position • Special drawing rights

Indian Foreign Exchange Reserves increased by $2.063 billion

The data from the Reserve Bank of India (RBI) shows that the Foreign Exchange Reserves of India increased by $2.063 billion to $400.24 billion in the week to February 1. The foreign exchange reserves had increased by USD 1.497 billion to reach USD 398.178 billion in the previous week corresponding to January 25. The increase in the ..

Month: Current Affairs - February, 2019

Topics: Foreign currency assets • Foreign exchange reserves • Gold Reserves • IMF • India • International Monetary Fund • Special drawing rights • USD

Indian Foreign Exchange Reserves

The RBI data shows that Indian Foreign Exchange Reserves have been increased by USD 1.497 billion to reach USD 398.178 billion for the week to January 25. This increase has been attributed to a jump in core currency assets. Why the Foreign Exchange Reserves frequently fluctuate? The Foreign Exchange Reserves are expressed in terms of the US dollars are ..

Month: Current Affairs - February, 2019

Topics: Euro • Foreign currency assets • Forex Reserves • Gold • Gold Reserves • International Monetary Fund • Pound • RBI’s Reserve with IMF • Special drawing rights • yen