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[ad_1] At the end of September, the reserves had hit an all-time high of $704.885 billion. India's gold reserves fall by $98 million to $65.658 billion during the week ended October 11. In one of the largest decreases in India’s forex reserves in recent times, the country’s foreign exchange kitty dropped $10.746 billion to $690.43 billion during the week ended October 11, according to the latest RBI data. This is the second consecutive week of decline. Gold reserves decreased by $98 million to $65.658 billion during the week ended on October 11. The special drawing rights (SDRs) were down by $86 million to $18.339 billion, the RBI data released on October 18 showed. In the previous week ended October 4, India’s forex reserves had declined $3.709 billion to $701.176 billion. At the end of September, the reserves had hit an all-time high of $704.885 billion. For the week ended October 11, foreign currency assets, a major component of the reserves, decreased by $10.542 billion ...

[ad_1] In October 2021, India's forex kitty had reached an all-time high of $645 billion. Forex Reserves Update: In the last three weeks, the RBI has been buying dollars to ensure the rupee remains stable India’s forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, according to the latest RBI data. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion. “In the last three weeks, the RBI has been buying dollars to ensure that too much appreciation in the rupee does not happen, so that exports do not suffer and the rupee remains stable around 82. The Asian currencies have fallen but the rupee remains in an stable state due to inflows and buying by RBI," said Anil Kumar Bhansali, head (treasury) and executive director of Finrex Treasury Advisors LLP. It can be noted that in October 2021, the country’s forex kitty had ...

[ad_1] In October 2021, India's forex kitty had reached an all-time high of $645 billion. Forex Reserves Update: In the last three weeks, the RBI has been buying dollars to ensure the rupee remains stable India’s forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, according to the latest RBI data. In the previous reporting week, the overall reserves had risen by $1.23 billion to $596.28 billion. “In the last three weeks, the RBI has been buying dollars to ensure that too much appreciation in the rupee does not happen, so that exports do not suffer and the rupee remains stable around 82. The Asian currencies have fallen but the rupee remains in an stable state due to inflows and buying by RBI," said Anil Kumar Bhansali, head (treasury) and executive director of Finrex Treasury Advisors LLP. It can be noted that in October 2021, the country’s forex kitty had ...