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India's forex reserves to fall another $15 billion by end-2022: Report

A few economists in the poll also cautioned forex reserves could fall more than they are currently predicting over the coming year due to a ballooning current account deficit, which according to a separate poll was expected to end the fiscal year at its widest in a decade.

A drop in foreign currency assets, the largest component of India's foreign exchange reserves, is the main reason for the overall decline this year(HT_PRINT)
A drop in foreign currency assets, the largest component of India's foreign exchange reserves, is the main reason for the overall decline this year(HT_PRINT)
Published on Nov 01, 2022 04:02 PM IST

India's forex reserves drop to lowest since July 2020

The rupee hit a record low of 83.29 per dollar in that turbulent week, and traders said the RBI had intervened in both the spot and forward markets to contain the slide.

The rupee ended 0.25% higher at 82.47 per dollar this week, ending a run of six straight weeks of declines.(HT_PRINT)
The rupee ended 0.25% higher at 82.47 per dollar this week, ending a run of six straight weeks of declines.(HT_PRINT)
Published on Oct 28, 2022 09:01 PM IST

India's forex reserves rise by $204 million to $532.868 billion: Report

In the previous reporting week, the overall reserves had dropped by $4.854 billion to $532.664 billion. The reserves had been falling for many weeks now as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
Updated on Oct 14, 2022 07:19 PM IST

India forex reserves set to shrink further, stir memories of 2008 crisis: Report

A few economists in the poll warned overall forex reserves could fall more than their forecasts over the coming year due to a ballooning current account deficit, which was expected to end the fiscal year at its widest in a decade.

A few economists in the poll warned overall forex reserves could fall more than their forecasts over the coming year. (AFP)
A few economists in the poll warned overall forex reserves could fall more than their forecasts over the coming year. (AFP)
Published on Sep 28, 2022 07:11 PM IST

India forex reserves fall to near two-year low

For a seventh straight week, India's foreign exchange reserves dropped to $545.652 billion in the week to Sept 16, its lowest level since October 2, 2020.

Reserves stood at $550.871 billion at the end of the previous week. (PTI)
Reserves stood at $550.871 billion at the end of the previous week. (PTI)
Published on Sep 23, 2022 06:30 PM IST
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