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India FX Reserves (USD)

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India FX Reserves (USD)

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Status

 
Latest Release
Dec 06, 2024
Actual
658.09B
Previous
656.58B
International reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF.Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.
Importance:
Country:
Currency: INR
Source: Reserve Bank of India
India FX Reserves (USD)
 
Release Date Time Actual Forecast Previous
Dec 20, 2024 17:00      
Dec 13, 2024 17:00     658.09B
Dec 06, 2024 17:00 658.09B   656.58B
Nov 29, 2024 17:00 656.58B   657.89B
Nov 22, 2024 17:00 657.89B   675.65B
Nov 15, 2024 17:00 675.65B   682.13B

News

Analysis

Nitin Mathur
India FX Reserves - Time to Panic? By Nitin Mathur - Apr 20, 2022 3

India’s foreign exchange reserves reached a record high of USD 642 billion last September. The reserves are since then fallen. Forex reserves are down by USD 38 billion of which USD 28 billion...

FX Reserves, USD Discussion

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All Comments (1)
pradeep veeramachaneni
pradeep veeramachaneni Feb 06, 2015 17:04
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dollor may come down on monday with this data?
Vivek Khurana
Vivek Khurana Feb 06, 2015 17:04
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