India's forex reserves surge $5.4 billion to all-time high of $560.532 billion

[koolzberg]

India's forex reserves surge $4.277 bn to record high of $572.771 bn

India's forex reserves surge $4.277 bn to record high of $572.771 bn

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed on Friday.

www.business-standard.com

 

[shi12jun]

Superpower IndiaVS Developing country China

 

[Chhatrapati]

In eight months, forex reserves rise by more than $100 billion

In eight months, forex reserves rise by more than $100 billion

This jump of 22 per cent has come following a sharp decline in imports alongside strong foreign investment inflows in the second half of the calendar year.

indianexpress.com

 

[letsrock]

The latest idol of bhakts - forex reserves number. Not a day passes without them worshipping it. They already gave up on gdp, exports, hunger index, happiness index.

 

[Chhatrapati]

happiness index.

 

[koolzberg]

India's foreign exchange reserves rise by over USD 2.5 bn to record high of USD 575.290 bn

India's foreign exchange reserves rise by over USD 2.5 bn to record high of USD 575.290 bn

India`s foreign exchange reserves rose by USD 2.51 billion during the week ended November 20. According to the Reserve Bank of India`s weekly statistical supplement, the reserves increased to USD 575.290 billion from USD 572.771 billion reported for the week ended November 13.

zeenews.india.com

 

[Han Patriot]

In eight months, forex reserves rise by more than $100 billion

In eight months, forex reserves rise by more than $100 billion

This jump of 22 per cent has come following a sharp decline in imports alongside strong foreign investment inflows in the second half of the calendar year.

indianexpress.com

What's the foreign debt? Heard the GOI is desperately borrowing dollars.

 

[koolzberg]

India's total foreign exchange (Forex) reserves stand at around US$579.346 Billion on 04 December 2020, the highest ever, with the Foreign Exchange Assets (FCA) component at around US$537.386 Billion, Gold Reserves at around US$35.728 Billion, SDRs (Special Drawing Rights with the IMF) of around US$1.506 Billion and around US$4.725 Billion Reserve Position in the IMF, as per Reserve Bank of India's (RBI) weekly statistical supplement published on 04 December 2020.

Foreign-exchange reserves of India - Wikipedia

en.wikipedia.org

The foreign exchange reserves has surged by $ 4.525 billion.

 

[vishwambhar]

Now let's wait for covaxin which will be available on just a month and see the economic nuclear boom once again.....

 

[koolzberg]

India's forex reserves rise by $2.56 bn to hit all-time high of $581 bn

India's forex reserves rise by $2.56 bn to hit all-time high of $581 bn

The increase in forex reserves was attributed to a rise in foreign currency assets (FCAs), which soared by $1.382 billion to $537.727 billion in the week ended December 18 2020

www.businesstoday.in

 

[EasyNow]

I can think of a major reason for this:

Gold prices have increased by 20% or so in the last year. India has $35b in gold - so you can work out the gain.

Also lockdown has resulted in most Asian countries Reserves going up - mainly due to lack of imports.

As with all countries, normality is coming back to India. And there will be pent up consumer demand initially but that is not going to last long. Let's see what the govt can do with it.

 

[nahtanbob]

What's the foreign debt? Heard the GOI is desperately borrowing dollars.

At end-June 2020, India's external debt was placed at US$ 554.5 billion

 

[koolzberg]

Forex reserves swell by $4.483 billion to record $585.324 billion

Forex Reserves Swell By $4.483 Billion To Record $585.324 Billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

www.moneycontrol.com

 

[fallstuff]

Lock down cut every nations energy bill.

 

[Beast]

Of cos your foreign reserve will swell by not paying back any loan money.

Check out India foreign debt.