India Foreign Exchange Reserves Data - vrk100 - 18May2022

India Foreign Exchange Reserves Data - vrk100 - 18May2022

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(Update 05Nov2023 is available with new data at the end of the article) 

 

(various links related to forex / FDI/ FPI are available at the end of the article)

In the past 20 years, India's foreign exchange reserves have gone up by more than USD 560 billion. The following table shows data, from 2000 till 2022, relating to foreign exchange reserves position as at the end of a financial year (India's fiscal year runs from April to March every year), foreign exchange reserves accretion and net sale and purchase of US dollars by Reserve Bank of India, India's central bank.

Table: Foreign Exchange Reserves, Accretion and USD sales and purchases: 

 

 

At the turn of the century, India's forex reserves were around USD 42 billliion. Now, they have grown to USD 618 billion as at the end of March 2022. In the past two months, forex reserves have come down to USD 596 billion due to sale of US dollars by Reserve Bank of India as part of its intervention in the forex markets to stabilise USD - INR exchange rate.

Abbreviations used:

USD  - United States dollar 

USD - INR - US dollar and Indian rupee exchange rate  

If you want to know more about foreign exchange reserves, dollar flows in to India and India's macro economic data, you can check the following blogs:

I update regularly the data furnished in some of the following blogs:

Exit India Policy by Foreign Investors

Slowing Foreign Direct Investment to India

India Foreign Exchange Reserves Data

US Dollar Sales and Purchases by Reserve Bank of India 

India forex reserves in four charts

FPI flows in to Indian stock market

Foreigners' shrinking pie in Indian stock market

Foreign investors' waning interest in Indian stocks 

When Will Foreign Investors Stop Selling Indian Stocks?

India macro data

RBI Gold holdings

RBI announces USD INR Buy Sell Swaps

India's forex reserves - abysmal returns

 

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P.S.: After writing the blog, the following updates are added with new information / images:

 

Update 05Nov2023: Table showing India's foreign exchange reserves data from FY 2009-10 till FY 2022-23. Table also shows accretion and depletion of forex reserves during a financial year; USD sale and purchase by RBI during a financial year and USD - INR level at the end of a financial year >

 

USD-INR level at the end of each financial year is added so that one can compare how the Indian rupee's movement (mostly depreciation vs USD -- except during RBI governor Subba Rao's years, FY 2009-10 and 2010-11) versus US dollar affects USD sale and purchase by RBI and accretion / depletion of forex reserves >

 

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References:

Tweet thread 17Jan2021

Tweet 20May2021

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Disclosure:  I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.

Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets. 

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He blogs at:

https://ramakrishnavadlamudi.blogspot.com/

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Twitter @vrk100