Reserves Financial News

RBI) showed on Friday, November 17. In the previous reporting week, the overall reserves had increased by $4.672 billion to $590.783 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion.

foreign exchange reserves dipped by $462 million to $590.32 billion for the week ending November 10, the latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves witnessed a surge of $4.67 billion to $590.78 billion for the week ending on November 3. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $108 million to $522 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased by $608 million to $45.52 billion, while SDRs were up by $36 million to $18.01 billion. Reserve position in the IMF was up by $3 million to $4.79 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

In a newly published assurance opinion, Tether Holdings Limited disclosed its financial standing for Q3 2023, substantiated by a comprehensive assessment conducted by BDO, a globally recognized independent public accounting entity. The attestation, dated October 31, 2023, reaffirms the veracity of Tether’s Consolidated Reserves Report (CRR) as of September 30, 2023, offering a detailed breakdown of the assets maintained by the Group.

President Droupadi Murmu inaugurated the art exhibition, Silent Conversation: From margins to the centre on Friday. The two-day exhibition displayed the power of art in giving voice to tribal artists from tiger reserves of India. This is the first in a series of such exhibitions in different Indian cities and across the globe. The primary objective is to establish a sustainable market for these artworks, thereby providing an alternative livelihood for these marginalized communities and bringing them into national cognizance.

foreign exchange reserves declined to $583.532 billion, during the previous week. As per RBI, the gold reserves were up by $499 million to $45.923 billion during the week while the Special Drawing Rights (SDRs) stood at $17.91 billion, down $15 million during the week.

Catch LIVE updates on Israel-Hamas war here Israel's Benjamin Netanyahu, who has “vowed to eliminate Hamas" and “not to stop unless he sees victory" has ordered a complete seize of the Gaza Strip blocking their fuel, food, and water. This led to a severe shortage of fuel in the Palestinian city, causing 16 hospitals to shut down.

foreign exchange reserves saw a rise of $2.6 billion to $586.5 billion for the week ending on October 27, latest data by Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves were down by $2.36 billion, dragging the reserves to $583.5 billion, for the week ended on October 20. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) surged by $2.3 billion to $517.5 billion.

Tether, a leading stablecoin provider, reported in its Q3 2023 report that it has $3.2 billion of excess reserves backing the value of its stablecoins, including USDT.

RBI. 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. Gold reserves were up by USD 1.85 billion to USD 45.42 billion during the week, the RBI said.

foreign exchange reserves surged by $1.153 billion to $585.895 billion for the week ending October 13, the latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves decreased by $2.166 billion to $584.742 billion for the week ended October 6. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $178 million to $519.35billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves surged by $1.27 billion to $43.58 billion, while SDRs were up by $72 million to $18 billion. Reserve position in the IMF decreased by $8 million to $4.98 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

As Bitcoin price oscillates in its valuation, showing a recent dip of 2.5% in seven days, several fundamental and geopolitical factors are coming into play to chart its future course. 

The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).

Supreme Court on Thursday reserved its verdict on reconsideration of its 1998 judgement which had held that MPs and MLAs enjoy immunity from prosecution for taking bribe to make a speech or vote in legislature. The constitution bench headed by Chief Justice D Y Chandrachud reserved the verdict after hearing a battery of senior lawyers including Attorney General R Venkataramani and Solicitor General Tushar Mehta. The larger bench is reconsidering the 1998 verdict delivered in the JMM bribery case by a five-judge bench by which the MPs and MLAs were granted immunity from prosecution for taking bribe to make a speech or vote in legislature.

Gyanvapi mosque complex to the Varanasi district magistrate and reserved its order for October 4. Authorities had barricaded and locked the basement known as Vyas ji ka Tehkhana in 1993.

Nuh District court has reserved till Saturday evening its order on the bail petition of Haryana Congress MLA Mamman Khan who is currently in judicial custody in connection with July 31 violence in Nuh. Mamman Khan's lawyer had applied for bail and today arguments between both parties lasted for more than half an hour. The hearing was held in Court No. 2 of Additional District and Sessions Judge Sandeep Duggal. The court reserved its decision till 4 pm today. Khan the MLA from Ferozepur Jhirka was on September 15 arrested in connection with the communal clashes in Nuh and adjoining areas of the state was on September 19 sent to 14 days judicial custody.

International Monetary Fund was 58.9% in the second quarter, unchanged from that of the first three months of the year, IMF data showed on Friday. Claims in U.S. dollar rose 0.8% to $6.576 trillion in the second quarter, but was actually down 1% from a year earlier. The euro's share edged up slightly to 19.9% in second quarter, from 19.8% the previous three months.

Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves decreased by $867 million to $593.04 billion for the week ended on September 15. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $2.55 billion to $523.40 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by $307 million to $44.31 billion, while SDRs were down by $79 million to $18.01 billion. Reserve position in the IMF decreased by $11 million to $5.02 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

By Nevzat Devranoglu

India considers lithium mining royalty at 3% of LME price- govt sources The Reuters report while quoting government sources close to the matter noted, "The auction will happen soon and some overseas miners have shown interest" India has been exploring ways to secure lithium supplies with the first lithium deposits of 5.9 million tonnes found in Jammu and Kashmir in February this year. Lithium reserves were discovered during exploration by the Geological Survey of India (GSI) in the Reasi district of Jammu and Kashmir.

foreign exchange (forex) reserves fell for a second straight week and stood at a near four-month low of $593.037 billion as of September 15 - a decrease of $860 million from the previous week, Reserve Bank of India's (RBI) data showed on Friday, September 22. In the previous reporting week, the overall reserves dropped $4.99 billion to $593.90 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.

Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves decreased by $4.99 billion to $593.90 billion for the week ended on September 8. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $511 million to $525.92 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.Gold reserves dipped by $384 million to $44 billion, while SDRs were up by $32 million to $18.09 billion. Reserve position in the IMF decreased by $4 million to $5.03 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.