The central bank's gold reserves declined by $494 million to $45.6 billion last week. The rise in the reserves last week was driven by an increase in the RBI's foreign currency assets, which rose $5 billion to $519.4 billion, latest data showed. Forex reserves surge to 10-month high of $588.7 billion May 6, 2023, 07:46AM IST.Economists say the RBI has bought more than $8bn in the spot market, and $20.4bn in the forward market, while forex reserves now cover 10.4 months of imports. India's foreign exchange reserves have risen to a 10-month high of $588.8 billion, due to the Reserve Bank of India's sustained efforts to rebuild the reserves and reduced volatility in revaluation changes. India's forex reserves at comfortable level due to RBI, dollar: Economists May 9, 2023, 02:01PM IST.The RBI's reserves were at $562.85 billion as on December 30. The ratio of volatile capital flows to reserves has declined to 72.7% at the end of December 2022 from 75.5% at the end of September, the Reserve Bank of India (RBI) said on Monday in its half-yearly report on management of foreign exchange reserves. Improving forex reserve ratios point to lower volatility for rupee May 10, 2023, 06:04AM IST.Forex cards, travel cards fee should be settled in rupees, not in foreign currencies: RBI May 10, 2023, 11:21AM ISTĪll fees assessed on store value cards, travel cards, and foreign prepaid cards payable in India must be settled in rupees.Read on to know 10 tips about buying foreign currency before travelling abroad. However, if you are travelling abroad for the first time, then it is important to know certain things about buying forex. 10 tips about buying forex you should know before travelling abroad for vacation May 12, 2023, 11:50AM ISTĪfter the novel coronavirus pandemic, many individuals are making plans to travel either in the country or in foreign places.India's forex reserves reached a 10-month-high of $588.8 billion in the week through April 28, recovering from a drop to $524.5 billion last October, when the rupee hit a record low against the U.S. India's foreign exchange reserves saw a rise of $7.196 billion to $$595.98 billion as on May 5, 2023, data from the Reserve Bank of India showed on Friday. India's forex reserves rises to 11-month high of $595.98 billion May 12, 2023, 05:11PM IST.The central bank intervenes in the foreign exchange market to rein in excessive volatility in the exchange rate. India’s forex reserves surge to a 11-month high of $595.9 May 13, 2023, 10:34AM ISTĪnalysts said the Reserve Bank of India had taken the opportunity to build up its reserves amid weakness in the US dollar, which had eased pressure on emerging market currencies such as the rupee.
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