India's forex reserves fall to 646.67 bln USD

STORY: India's forex reserves fall to 646.67 bln USD SHOOTING TIME: Archives DATELINE: June 2, 2024 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Reserve Bank of India 2. various of banks 3. various of a market STORYLINE: India's foreign exchange (forex) reserves dropped by over 2 billion U.S. dollars during the week ended May 24, the country's central bank, the Reserve Bank of India, said in a weekly bulletin on Friday. The forex reserves stood at 646.67 billion dollars, a drop after gaining a total of 10.8 billion dollars in the previous three weeks, The Hindu newspaper said in a report. The country's foreign currency assets stood at 567.499 billion dollars, while the gold reserves stood at 56.713 billion dollars, said the central bank bulletin. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

India's forex reserves rise to 648.562 bln USD

STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

India's forex reserves rise further to 642.631 bln USD

STORY: India's forex reserves rise further to 642.631 bln USD SHOOTING TIME: March 28, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's forex exchange (forex) reserves rose by 139 million U.S. dollars to 642.631 billion dollars during the week ending on March 22, data released by the country's central bank, the Reserve Bank of India (RBI), showed on Friday. This was the fifth straight week when India's forex reserves rose. Media reports described them as the highest-ever forex reserves till date. Forex reserves had stood at 642.492 billion dollars during the previous week ending on March 15. The RBI data further revealed that gold reserves rose by 347 million dollars to 51.487 billion dollars, while the foreign currency assets, which is the key component of forex reserves, declined by 123 million dollars to 568.264 billion dollars, showed the

India's forex reserves rise to 642.49 bln USD as rupee falls

STORY: India's forex reserves rise to 642.49 bln USD as rupee falls SHOOTING TIME: March 20, 2024 DATELINE: March 25, 2024 LENGTH: 00:01:16 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of the Reserve Bank of India 3. various of a market STORYLINE: India's foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended on March 15, the country's central bank has reported. This was the fourth straight week with an increase in the forex reserves for the South Asian country. According to the Reserve Bank of India on Friday, the forex reserves rose by nearly 6.4 billion dollars during the week ended on March 15. The foreign currency assets stood at 568.386 billion dollars, while the gold reserves amounted to 51.14 billion dollars during the cited week, the data showed. Meanwhile, the Indian rupee fell to its lowest level of 83.43 against the U.S. dollar, due to broad weakness in its Asian peers and the aggressive

India's forex reserves fall

STORY: India's forex reserves fall SHOOTING TIME: Earlier footage DATELINE: Jan. 29, 2024 LENGTH: 0:01:12 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of the Reserve Bank of India (RBI) 3. various of the market STORYLINE: India's foreign exchange reserves declined 2.794 billion U.S. dollars to 616.143 billion dollars during the week ending on Jan. 19, according to the latest data of India's central bank. The data revealed that foreign currency assets, which is termed as the biggest forex component, declined 2.653 billion dollars to 545.855 billion dollars. During the week ending on Jan. 12, India's foreign exchange reserves increased 1.634 billion dollars to 618.937 billion dollars. According to media reports, in the calendar year 2023, nearly 58 billion dollars was added to India's foreign exchange reserves, and in 2022 the country's foreign exchange reserves slumped 71 billion dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHT

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Oct. 2, 2023 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. India gate 2. Reserve Bank of India (RBI) 3. various of banks 4. various of market 5. various of traffic STORYLINE: India's foreign exchange reserves fell by 2.335 billion U.S. dollars to 590.7 billion dollars during the week ending Sept. 22, according to the latest data released by the central bank, the Reserve Bank of India (RBI). That was the lowest foreign reserves in the past four months. It was also the third consecutive week that India's forex reserves had declined. According to the data, foreign currency assets decreased by 2.55 billion dollars to 523.36 billion dollars. Gold reserves increased by 307 million dollars to 44.307 billion dollars. Special Drawing Rights dipped by 79 million dollars to 18.01 billion dollars. The country's Reserve position in the International Monetary Fund decreased by 11 million dollars to 5.02 billion dollars. Xinhu

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Sept. 23, 2023 LENGTH: 00:01:18 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India 3. various of banks 4. various of market STORYLINE: India's foreign exchange reserves dipped by 860 million U.S. dollars to 593.037 billion dollars during the week ended Sept. 15, showed data released by the country's central bank, the Reserve Bank of India (RBI), on Friday. This was the second consecutive week when the South Asian country's forex reserves declined. During the week ended Sept. 8, the forex decreased by 4.99 billion dollars to 593.90 billion dollars. The current value of forex reserves is said to be at a four-month low. The fall in forex reserves is attributed to the steps taken by the RBI to defend the Indian rupee amid pressures caused majorly by global developments since last year. The foreign currency assets, a major component of the forex reserves, also decreased

India's forex reserves decline to 593.48 bln USD in May

STORY: India's forex reserves decline to 593.48 bln USD in May DATELINE: May 28, 2023 LENGTH: 00:01:19 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shots of Reserve Bank of India (RBI) building 3. shots of market area STORYLINE: India's foreign exchange reserves declined by 6.05 billion U.S. dollars during the week ended May 19 to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India. This situation came after three consecutive weeks seeing the forex reserves rise. In the previous week ended May 12, India's forex reserves rose by 3.55 billion U.S. dollars to reach 599.53 billion U.S. dollars, according to the country's central bank. Earlier this week Commerce and Industry Minister Piyush Goyal said India was in a "comfortable" position for the next five to six years in terms of its forex reserves. "In the worst case, with whatever difficulties anybody may have, India is comfortable for the next five or six years, given (that) o

EU to raise issues of market discipline, forex at G-7 meeting

EU to raise issues of market discipline, forex at G-7 meeting

LUXEMBOURG, Luxembourg - Jean-Claude Juncker, prime minister and finance minister of Luxembourg, speaks at a press conference in the premier's office on Feb. 5.

Japan steps into currency market

Japan steps into currency market

TOKYO, Japan - An electronic display board at an online forex trading broker's office in Tokyo shows the dollar having shot up against the yen on Oct. 31, 2011, due to the yen-selling intervention by Japanese authorities. The Japanese Finance Ministry said the intervention was conducted at 10:25 a.m. after the dollar dropped to a fresh postwar low of 75.32 yen in Oceanian trading earlier in the day.

Japan steps into forex market to stop yen's rise

Japan steps into forex market to stop yen's rise

TOKYO, Japan - A signboard in Higashishimbashi, Tokyo, shows the dollar trading in the 79 yen level on Aug. 4, 2011, after Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation earlier in the day.

Japan steps into forex market to stop yen's rise

Japan steps into forex market to stop yen's rise

TOKYO, Japan - Finance Minister Yoshihiko Noda says to reporters at the ministry building in Tokyo on Aug. 4, 2011, that Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation the same day.

G-7 steps into forex market

G-7 steps into forex market

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks to reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with his counterparts and financial chiefs of the Group of Seven advanced economies. The G-7 jointly intervened in the currency market the same day to curb the sharp rise of the yen against the U.S. dollar following a devastating earthquake and tsunami that struck Japan on March 11.

G-7 agrees on coordinated forex intervention

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda (L center) and Bank of Japan Governor Masaaki Shirakawa (R center) are surrounded by reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan.

G-7 agrees on coordinated forex intervention

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda takes questions from reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts the same day. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan.

Tanigaki says Japan to intervene in forex to curb volatility

Tanigaki says Japan to intervene in forex to curb volatility

TOKYO, Japan - Finance Minister Sadakazu Tanigaki speaks at the Foreign Correspondents' Club of Japan in Tokyo on April 8. Tanigaki said that Japan will continue to intervene in the foreign exchange market to stem sharp fluctuations, which he said could threaten to hurt the country's fight against deflation.

EU to raise issues of market discipline, forex at G-7 meeting

EU to raise issues of market discipline, forex at G-7 meeting

LUXEMBOURG, Luxembourg - Jean-Claude Juncker, prime minister and finance minister of Luxembourg, speaks at a press conference in the premier's office on Feb. 5. (Kyodo)

U.S. sees forex market orderly, in contrast with Japan's view

U.S. sees forex market orderly, in contrast with Japan's view

Japanese Finance Minister Taro Aso (L) speaks in a press conference in Washington on April 15, 2016, after a two-day meeting there of finance ministers and central bank governors from the Group of 20 economies. At right is Bank of Japan Governor Haruhiko Kuroda. (Kyodo) ==Kyodo

U.S. sees forex market orderly, in contrast with Japan's view

U.S. sees forex market orderly, in contrast with Japan's view

U.S. Treasury Secretary Jack Lew speaks in a press conference in Washington on April 15, 2016, after a two-day meeting there of finance ministers and central bank governors from the Group of 20 economies. (Kyodo) ==Kyodo

China steps into forex market to support yuan: U.S.

China steps into forex market to support yuan: U.S.

File photo taken in August 2015 shows hundred yuan banknotes with the People's Bank of China in Beijing in the background. China intervened in the foreign exchange market in the July-September quarter, selling $229 billion worth of foreign currencies to support the yuan, according to a U.S. government estimate released Oct. 19. (Kyodo) ==Kyodo

Japan steps into forex market to stop yen's rise

Japan steps into forex market to stop yen's rise

TOKYO, Japan - Finance Minister Yoshihiko Noda says to reporters at the ministry building in Tokyo on Aug. 4, 2011, that Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation the same day. (Kyodo)

Japan steps into forex market to stop yen's rise

Japan steps into forex market to stop yen's rise

TOKYO, Japan - A signboard in Higashishimbashi, Tokyo, shows the dollar trading in the 79 yen level on Aug. 4, 2011, after Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation earlier in the day. (Kyodo)

G-7 steps into forex market

G-7 steps into forex market

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks to reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with his counterparts and financial chiefs of the Group of Seven advanced economies. The G-7 jointly intervened in the currency market the same day to curb the sharp rise of the yen against the U.S. dollar following a devastating earthquake and tsunami that struck Japan on March 11. (Kyodo)

G-7 agrees on coordinated forex intervention

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda (L center) and Bank of Japan Governor Masaaki Shirakawa (R center) are surrounded by reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan. (Kyodo)

G-7 agrees on coordinated forex intervention

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda takes questions from reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts the same day. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan. (Kyodo)

Japan steps into currency market

Japan steps into currency market

TOKYO, Japan - An electronic display board at an online forex trading broker's office in Tokyo shows the dollar having shot up against the yen on Oct. 31, 2011, due to the yen-selling intervention by Japanese authorities. The Japanese Finance Ministry said the intervention was conducted at 10:25 a.m. after the dollar dropped to a fresh postwar low of 75.32 yen in Oceanian trading earlier in the day. (Kyodo)

Tanigaki says Japan to intervene in forex to curb volatility

Tanigaki says Japan to intervene in forex to curb volatility

TOKYO, Japan - Finance Minister Sadakazu Tanigaki speaks at the Foreign Correspondents' Club of Japan in Tokyo on April 8. Tanigaki said that Japan will continue to intervene in the foreign exchange market to stem sharp fluctuations, which he said could threaten to hurt the country's fight against deflation. (Kyodo)