Forex reserve

India’s Forex Reserves Climb To $677.8 Billion, Sixth Weekly Gain In A Row

India’s foreign exchange reserves continued their upward momentum, rising by USD 1.567 billion to USD 677.835 billion in the week ending April 4, according to data released by the Reserve Bank of India (RBI). This marks the sixth consecutive week of gains in the country's forex holdings. The increase reflects...

RBI Reports Significant Rise In India’s Forex Reserves, Reaching USD 665.4 Billion

India’s foreign exchange reserves rose by a substantial USD 6.6 billion in the week ending on March 28, reaching USD 665.396 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks the fourth consecutive week of gains, following a period of decline. The jump...

Reserve Bank Of India To Inject $10 Billion Through Forex Swap

The Reserve Bank of India (RBI) has announced a record $10 billion dollar/rupee buy/sell swap auction scheduled for February 28, 2025, aimed at addressing liquidity shortages in the banking system. Under this swap agreement, the RBI will purchase dollars for immediate delivery and sell them for a three-year period, with...