reserves

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The foreign exchange reserves of the country fell by $471.3 million to $294.51 billion for the week ending November 30 due to slide in gold reserves and core currency assets, the Reserve Bank said today. The overall reserves had increased by $1.45 billion to $294.98 billion in the previous...

India's foreign exchange reserves rose $1.58 billion to $292 billion during the week ended September 7, mainly due to revaluation of currencies.According to data released by the Reserve Bank of India, foreign currency assets, which includes the effect of appreciation or depreciation of non-US...

The Reserve Bank of India has the responsibility to maintain the official rate of exchange. According to the Reserve Bank of India Act of 1934, the Bank was required to buy and sell at fixed rates any amount of sterling in lots of not less than Rs. 10,000. The rate of exchange fixed was Re. 1 =...

OFFICIAL RESERVES ACCOUNT Official reserve account forms a special feature of the capital account. This account records the changes in the part of the reserves of other countries that is held in the country concerned. These reserves are held in three forms: in foreign currency, usually but...

Hi All, I am working on a small project on "How India can use its Forex Reserves ($279 Billion) effectively". If you have any ideas please help. I have gathered few ideas like As a start, 10-15% of reserves can be invested in India for various purposes: infrastructure, agricultural loans...

MUMBAI: Foreign exchange reserves dipped $153 million during the week ended September 26 as RBI sold dollars to meet demand from importers. According to the latest figures released by RBI in its weekly statistical supplement (WSS), total foreign exchange reserves, including gold and SDR dipped...

India Foreign exchange reserves falls by $ 129 bn 09 August 2008 India's foreign exchange reserves fell by $.129 billion at $ 305.474 billion for the week ended August 1, registering a drop for the third consecutive week. The foreign currency assets (FCAs), during the week, declined...

China’s foreign exchange reserves hit $1.76 trillion China on Monday announced that its foreign exchange reserves rose to 1.76 trillion dollars at the end of April. At 1.76 trillion dollars, China's reserves are now larger than those of Japan, Taiwan, South Korea and Hong Kong combined...

Forex reserves climb by USD 200 mn Forex reserves climbed USD 200 million to touch USD 312,700 million as on May 9, 2008, mainly due to a rise in foreign currency and assets collections, on a weekly basis. As per the weekly statistical supplement of the Reserve Bank of India (RBI) released...

Do you know what is Peak Oil and how the decline in oil production is affecting companies and countries across the globe? The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to...

Who holds major Gold reserves in the world MUMBAI: Do you know who holds major part of gold reserves in the world? And who decides whether to hike up the gold price or not. The Gold prices have been floating on currency market surface. Whenever dollar surges up, the gold prices start to...

Why is IMF selling its Gold reserves? By Dan Denning Joining the dots between gold investment, the IMF, and South Africa's fast-falling mining output. "Gold falls on IMF sales concerns," read a headline at the BBC news page. The IMF has about 3,217 tonnes of Gold Bullion. Why would it sell...

Mumbai, Jun 29 (PTI) India's forex reserves increased by USD 1.534 billion for the week ended June 22 at USD 212.549 billion as against USD 211.015 billion during the seven-day period ended June 15. The reserves had increased by USD 1.468 billion during the week ended June 15 as compared to...

Mumbai, June 1 (PTI) India's forex reserves increased by USD 952 million to stand at USD 204.934 billion during the week ended May 25, as against USD 203.982 billion during the seven day period ended May 18. The reserves had decreased by USD nine million during the week ended May 18 as compared...

Hi, Check out this presentation on "Excess Reserves".