AIRLINK 74.30 Increased By ▲ 0.05 (0.07%)
BOP 5.03 Decreased By ▼ -0.02 (-0.4%)
CNERGY 4.54 Increased By ▲ 0.12 (2.71%)
DFML 37.21 Increased By ▲ 1.37 (3.82%)
DGKC 91.40 Increased By ▲ 3.40 (3.86%)
FCCL 22.55 Increased By ▲ 0.35 (1.58%)
FFBL 32.78 Increased By ▲ 0.06 (0.18%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.99 Increased By ▲ 0.19 (1.76%)
HBL 115.61 Decreased By ▼ -0.29 (-0.25%)
HUBC 136.50 Increased By ▲ 0.66 (0.49%)
HUMNL 10.17 Increased By ▲ 0.33 (3.35%)
KEL 4.61 No Change ▼ 0.00 (0%)
KOSM 4.98 Increased By ▲ 0.32 (6.87%)
MLCF 40.30 Increased By ▲ 0.42 (1.05%)
OGDC 138.05 Increased By ▲ 0.15 (0.11%)
PAEL 27.35 Increased By ▲ 0.92 (3.48%)
PIAA 24.74 Decreased By ▼ -1.54 (-5.86%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.50 Increased By ▲ 0.60 (0.49%)
PRL 27.21 Increased By ▲ 0.52 (1.95%)
PTC 13.97 Decreased By ▼ -0.03 (-0.21%)
SEARL 59.52 Increased By ▲ 0.82 (1.4%)
SNGP 70.00 Decreased By ▼ -0.40 (-0.57%)
SSGC 10.44 Increased By ▲ 0.08 (0.77%)
TELE 8.66 Increased By ▲ 0.10 (1.17%)
TPLP 11.24 Decreased By ▼ -0.14 (-1.23%)
TRG 64.60 Increased By ▲ 0.37 (0.58%)
UNITY 26.60 Increased By ▲ 0.55 (2.11%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 7,864 Increased By 25.8 (0.33%)
BR30 25,594 Increased By 134 (0.53%)
KSE100 75,312 Increased By 381 (0.51%)
KSE30 24,200 Increased By 53.9 (0.22%)

MUMBAI: India’s foreign exchange reserves halted a two-week losing streak and rose to $598.90 billion as of Sep. 1, the Reserve Bank of India’s (RBI) data showed on Friday.

That was an increase of $4.04 billion from the previous week, the biggest gain in nearly two months. Reserves had fallen by a total of $7.3 billion in the prior two weeks.

The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee.

The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI’s reserves.

Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund.

For the week the forex reserves data pertains, the rupee fell marginally against the dollar and traded in a range of 82.5225 to 82.8075.

The rupee ended at 82.9450 on Friday, down 0.4% this week.

---------------------------------------------------------
    FOREIGN EXCHANGE RESERVES (in million U.S. dollars)
---------------------------------------------------------
                              Sept. 1       Aug. 25
                               2023         2023
---------------------------------------------------------
Foreign currency assets      530,691      527,249
Gold                          44,939       44,354
SDRs                          18,195       18,194
Reserve Tranche Position       5,073        5,061
----------------------------------------------------------
Total                        598,897      594,858
----------------------------------------------------------

Comments

Comments are closed.