![]() ![]() 1 is due to valuation changes arising from an appreciating US dollar and higher US bond yields. India's forex umbrella continues to remain strong despite uncertainty, valuation changes: RBI Governor Shaktikanta Das Sep 30, 2022, 11:25AM ISTĭas said about 67 per cent of the decline in reserves during this financial year that started Apr.The Reserve Bank of India data on Thursday showed the country's balance of payments came at a surplus of $4.6 billion for the quarter, compared to a deficit of $16 billion in the preceding quarter. India's Q1 balance of payments surplus surprise an anomaly - economists Sep 30, 2022, 11:56AM IST.However, services firms are likely to gain pricing power. The pass-through in manufacturing prices could taper with raw material costs. Easing of commodity prices as the global economy slows down should throttle cost pressures, RBI expects, but this will be offset by reviving domestic demand and financial market turbulence. That synching feeling with central banks Sep 30, 2022, 11:15PM IST.The country’s central bank said asset valuation changes account for 67% of the decline in reserves during the fiscal year from April, implying the rest came from intervention to prop up the currency. India’s stockpile, for example, has tumbled $96 billion this year to $538 billion. World currency reserves shrink by $1 trillion in record drawdown Oct 6, 2022, 05:35AM IST.So, you need to be careful while doing forex transactions online or offline. Using unauthorised platforms for forex transactions could lead to loss of money and penal actions against you. Forex trading, transactions with unauthorised dealers, websites can lead to trouble: How to check authorised list Oct 7, 2022, 01:25PM IST.Gold reserves fell $281 million to $37.61 billion. Foreign currency assets dropped $4.41 billion to $472.81 billion for the same period. The fall in the foreign exchange reserves can be attributed to a fall in the Foreign Currency Assets (FCA), which is a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI. RBI burns $110 billion to arrest rupee's slump forex reserves dwindle to over two-year low Oct 7, 2022, 07:00PM IST.However Governor Shaktikanta Das said last week that 57% of the dip in reserves was due to valuation changes. The central bank does not provide reasons behind forex reserves movement. This means, reserves got depleted by an unprecedented $110 billion from $642.453 billion seen on September 3 last year. The forex reserves stood at $532.664 billion at the end of the reporting week, RBI's data showed. ![]() India's foreign exchange reserves fall by another $4.9 billion Oct 7, 2022, 07:53PM IST.It lost more than half a percentage point to close at 82.33, the unit's lowest ever closing level, Bloomberg data compiled by ETIG showed. The rupee plunged to a new lifetime low of 82.43 a dollar Friday. Rupee falls to lifetime low, bond yields climb Oct 8, 2022, 09:39AM IST.RBI Governor Shaktikanta Das said last week that 57% of the dip in reserves was due to valuation changes. Forex reserves dip $4.9 billion to $532.66 billion Oct 8, 2022, 11:10AM IST.The foreign exchange reserves had fallen to their lowest level since July 2020 to $532.66 billion for the week ending Sep 30. The spot forex reserves are however sharply down from $607 billion in end-March and depleted by $109.58 billion from $642.45 billion seen on September 3 last year. India's foreign exchange reserves snap nine weeks of downtrend Oct 14, 2022, 05:51PM IST. ![]()
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