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Foreign exchange Reserves

Forex reserves fall to 2-year low of $524 billion

Forex reserves fall to 2-year low of $524 billion

Fri, Oct 28, 2022

This is the lowest level at which foreign exchange reserves have fallen since July 2020.

Why Arvind Panagariya, former Niti Aayog vice-chairman, is not worried about falling Rupee

Why Arvind Panagariya, former Niti Aayog vice-chairman, is not worried about falling Rupee

Sun, Aug 26, 2018

Panagariya who is currently a professor of economics at Columbia University further said, "I am personally very pleased the RBI has used our foreign exchange reserves prudently in managing the exchange rate."

US President Donald Trump calls Chinese ''grand champions'' of currency manipulation

US President Donald Trump calls Chinese ''grand champions'' of currency manipulation

Fri, Feb 24, 2017

US President Donald Trump declared China the "grand champions" of currency manipulation on Thursday.

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China's January forex reserves fall more than expected to $2.998 trillion, near 6-year low

China's January forex reserves fall more than expected to $2.998 trillion, near 6-year low

Tue, Feb 07, 2017

China's foreign exchange reserves have fallen to $2.998 trillion in January as compared to a drop of $41 billion in December.

Forex reserves up $932.4 million to $360.77 billion

Forex reserves up $932.4 million to $360.77 billion

Fri, Jan 27, 2017

Foreign currency assets (FCAs), a major component of the overall reserves, increased by $926.4 million to $338.434 billion in the reporting week, RBI said.

China unveils fresh steps to curb capital outflows, spur inflows

China unveils fresh steps to curb capital outflows, spur inflows

Thu, Jan 26, 2017

Inorder to curb capital outflows and to boost foreign currency inflows of the country, China's foreign exchange regulator State Administration of Foreign Exchange (SAFE) has issued new guidelines in the latest step to ease pressure on the yuan currency.

China steps up capital controls, tightens investment rules for state firms

China steps up capital controls, tightens investment rules for state firms

Wed, Jan 18, 2017

China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.

India seen as bright spot with growth projected to be highest in world: PM Modi

India seen as bright spot with growth projected to be highest in world: PM Modi

Sat, Dec 24, 2016

Prime Minister Narendra Modi during his visit to Maharashtra state on Saturday said that India is being seen as a bright spot with growth projected to be highest in the world, PTI reported.

India's foreign exchange reserves over $371 billion

India's foreign exchange reserves over $371 billion

Sat, Oct 08, 2016

According to data released by the RBI on Friday, the reserves stood at around $371.99 billion as on September 30, as against $370.76 billion as on September 23.

India's foreign exchange reserves rise to $370 billion

India's foreign exchange reserves rise to $370 billion

Sat, Oct 01, 2016

The reserves stood at $370.76 billion as on September 23, as against $369.60 billion as on September 16.

India reports slim current account deficit; misses expectations

India reports slim current account deficit; misses expectations

Wed, Sep 21, 2016

Contraction in CAD was mainly on account of a lower trade deficit (US$ 23.8 billion) than in Q1 of last year (US$ 34.2 billion) and in the preceding quarter (US$ 24.8 billion).

China's August forex reserves fall to $3.19 trillion, lowest since 2011

China's August forex reserves fall to $3.19 trillion, lowest since 2011

Wed, Sep 07, 2016

China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.

Forex reserves up $ 1 billion, at record high of $ 367 billion

Forex reserves up $ 1 billion, at record high of $ 367 billion

Fri, Aug 26, 2016

The country's foreign exchange reserves increased by a healthy $ 1.346 billion to touch a record high of $ 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs). Last week, the reserves had shot up by $ 73.2 million to $ 365.822 billion.

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