100s of titles, one news app for just $10 a month.
Dive Deeper:
India's forex reserves fall $1.774 billion to $595.954 billion
MUMBAI: India's forex reserves declined by $1.774 billion to $595.954 billion for the week ended May 6 on the back…
What plunged the rupee to its lifetime low against the dollar
Strong spending by the government to boost investment and growth is more important for reinforcing investor confidence in the Indian…
Explained: What led to record fall in rupee and how it may affect economy
NEW DELHI: The see-sawing rupee has given Indian investors a tough time in the past few days. On Monday, the…
Bank of Baroda posts Rs 1,779 crore profit in March quarter
MUMBAI: State-owned Bank of Baroda Friday reported a standalone profit after tax of Rs 1,779 crore in the quarter ended…
One subscription that gives you access to news from hundreds of sites
PNB Q4 net drops 66% to Rs 202 crore
NEW DELHI: Public sector lender Punjab National Bank on Wednesday reported a 66 per cent decline in its standalone net…
India’s vulnerability in the global economic tumult
There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions 
Get all your news in one place
Latest National news:
Labor polling suggests Brisbane, Ryan, Bennelong and Higgins are winnable due to PM’s poor standing
Penny Wong deployed to campaign in Liberal-held seats where angry voters don’t have teal candidates to back
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Tis the season to be foraging for feijoas
On the hunt for Canberra's largest feijoa; and a delicious feijoa cake.
GOOD: 2.6 Million Aussie Workers Will Be Entitled To Paid Domestic & Family Violence Leave
The Fair Work Commission backed 10 days of paid domestic and family violence leave for employees under modern awards.
Over 70% of Australia’s aged care workers yet to receive $800 pandemic bonus, poll suggests
Union poll finds majority of members have not yet received any payment as aged care peak body says both parties…
New poll predicts Allegra Spender will win Wentworth from Liberal MP Dave Sharma
Spender-backed poll says independent will win on preference flows but is at odds with YouGov polling on the electorate
From analysis to good news, read the world’s best news in one place
We Need To Talk About Australia’s Role In Radicalising The Buffalo Shooter Into White Supremacy
The Buffalo shooter was inspired by Christchurch and Australian white supremacy to carry out his racist attack on Black Americans.
Pentecostalism and the LNP’s fight for its soul in Queensland’s Darling Downs
The seat of Groom has been held by conservatives since federation, but Labor and independent candidates have shaken up the…

India's forex reserves decline by $28.05 bn in second half of FY22: RBI report

By Livemint
In the first half of FY22 ending September 2021, the reserves stood at $635.36 billion. (iStock)

In the first half of FY22 ending September 2021, the reserves stood at $635.36 billion.

As of March 31, 2022, foreign exchange assets stood at $540.72 billion, while gold reserves are at $42.55 billion and SDRs at $18.89 billion while RTP came in at $5.14 billion.

Under foreign currency assets, reserves in securities declined to $363.03 billion in H2FY22 compared to $383.74 billion in H1FY22, while reserves in deposits with other central banks & BIS - dropped to $140.54 billion in H2 compared to $147.86 billion in H1. Reserves in deposits with commercial banks overseas plunged to $37.16 billion in H2 against $42 billion in H1.

Notably, although both the US dollar and Euro are intervention currencies and the Foreign Currency Assets (FCA) are maintained in major currencies, the foreign exchange reserves are denominated and expressed in US dollar terms.

Furthermore, movements in the FCA occur mainly on account of the purchase and sale of foreign exchange by the RBI, income arising out of the deployment of the foreign exchange reserves, external aid receipts of the Central Government, and changes on account of revaluation of the assets.

Meanwhile, the net forward asset (receivable) of RBI in the domestic foreign exchange market stood at $65.79 billion as of the end of March 2022.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
India's forex reserves fall $1.774 billion to $595.954 billion
MUMBAI: India's forex reserves declined by $1.774 billion to $595.954 billion for the week ended May 6 on the back…
What plunged the rupee to its lifetime low against the dollar
Strong spending by the government to boost investment and growth is more important for reinforcing investor confidence in the Indian…
Explained: What led to record fall in rupee and how it may affect economy
NEW DELHI: The see-sawing rupee has given Indian investors a tough time in the past few days. On Monday, the…
Bank of Baroda posts Rs 1,779 crore profit in March quarter
MUMBAI: State-owned Bank of Baroda Friday reported a standalone profit after tax of Rs 1,779 crore in the quarter ended…
One subscription that gives you access to news from hundreds of sites
PNB Q4 net drops 66% to Rs 202 crore
NEW DELHI: Public sector lender Punjab National Bank on Wednesday reported a 66 per cent decline in its standalone net…
India’s vulnerability in the global economic tumult
There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions 
Get all your news in one place