#forex-reserves
India's forex reserves fall $18.3 bn, post biggest weekly decline on record
Foreign exchange reserves have fallen for three straight weeks, losing about $38.2 billion, as the RBI intervenes to support the rupee amid higher crude oil prices
India forex reserves fall $9 . 99 billion to $671 . 63 billion as of June 12
India forex reserves fall by $7 . 51 billion to $681 . 38 billion as of May 22
India’s real macro dilemma: save the rupee or defend the stock market
Shankar Sharma argues that India’s forex reserves are overwhelmingly built on “rented capital”, SIP inflows are facilitating foreign exits, and the country may soon have to choose between protecting the rupee and protecting the stock market.
RBI's $5 billion FX swap subscribed nearly twice over
The swap comes at a time when the central bank continues to defend a rapidly weakening rupee by selling dollars from forex reserves. Such a move can remove rupee liquidity from the country's banking system and can push up interest rates.
India’s forex reserves fall by $8.09 bn to $688.89 bn as of May 15
India's foreign exchange reserves saw a significant drop of over eight billion dollars in the week ending May 15. Foreign currency assets and gold reserves contributed to this decline. Despite this weekly fall, the country's forex reserves remain higher compa…
Minimum export price on agri items will lift forex coffers
India should emulate Malaysia and Indonesia. They impose an export tax on crude palm oil to ensure value addition. Basmati export would benefit
Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened, depleting foreign exchange reserves to manage volatility rather than defend a specifi…
If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor outflows are pressuring the currency. Analysts suggest the rupee's slide may continu…
India raises gold and silver tariffs to 15% to ease pressure on forex reserves
India has raised gold and silver import duty to 15% to curb imports and protect forex reserves after PM Modi urged people to avoid gold buying.
India raises gold and silver tariffs to 15% to curb imports and support rupee
India has raised gold and silver import duty to 15% to curb imports, protect forex reserves, support the rupee and reduce trade deficit.
PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?
Prime Minister Modi urged Indians to avoid buying gold for a year, a move seen as an attempt to protect foreign exchange reserves amidst global uncertainty and rising crude oil prices. While jewellery stocks saw a knee-jerk reaction, experts believe the appea…
Why does Modi want Indians to curb their gold obsession?
India’s policymakers urge citizens to curb purchases of bullion as it adds pressure to the current account deficit, forex reserves and rupee as the Iran war persists
India’s forex reserves fall $4.82 billion to $698.49 billion as of April 24
India's foreign exchange reserves saw a significant drop of $4.82 billion, reaching $698.49 billion by April 24. This decline follows a rise in the previous week. The central bank has been intervening to manage the rupee amid global uncertainties. Foreign cur…