The Reserve Bank of India with the concurrence of the Government of India has decided to put in place a revised Framework on Currency Swap Arrangement for SAARC countries for the period 2024 to 2027. Under this Framework, the Reserve Bank would enter into bilateral swap agreements with SAARC central banks, who want to avail of the swap facility. It may be recalled that the SAARC Currency Swap Facility came into operation on November 15, 2012 with an intention to provide a backstop line of funding for short term foreign exchange liquidity requirements or balance of payment crises of the SAARC countries till longer term arrangements are made.

The Reserve Bank of India has today released the 42nd half-yearly report on management of foreign exchange reserves with reference to end-March 2024. The position of foreign exchange reserves as on May 03, 2024 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 641.59 i. Foreign Currency Assets (FCA) 564.16 ii. Gold 54.88 iii. Special Drawing Rights (SDRs) 18.05 iv. Reserve Tranche Position (RTP) 4.50 * Difference, if any, is due to rounding-off.

The Reserve Bank of India has today released the 41st half-yearly report on management of foreign exchange reserves with reference to end-September 2023. The position of foreign exchange reserves as on October 27, 2023, is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 586.11 i. Foreign Currency Assets (FCA) 517.50 ii. Gold 45.92 iii. Special Drawing Rights (SDRs) 17.91 iv. Reserve Tranche Position (RTP)

The Reserve Bank of India has today released the 40th half-yearly report on management of foreign exchange reserves with reference to end-March 2023. The position of foreign exchange reserves as on April 28, 2023 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 588.78 i. Foreign Currency Assets (FCA) 519.48 ii. Gold 45.66 iii. Special Drawing Rights (SDRs) 18.47 iv. Reserve Tranche Position (RTP) 5.17 * Difference, if any, is due to rounding-off. It m

The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework. This is to provide swap support as a backstop line of funding for short term foreign exchange liquidity requirements. This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from the RBI. (Yogesh Dayal) Chief General Manager Press Release: 2022-2023/1330

The Reserve Bank of India has today released the 39th half-yearly report on management of foreign exchange reserves with reference to end-September 2022. The position of foreign exchange reserves as on October 21, 2022 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 524.52 i. Foreign Currency Assets (FCA) 465.07 ii. Gold 37.21 iii. Special Drawing Rights (SDRs) 17.44 iv. Reserve Tranche Position (RTP) 4.80 * Difference, if any, is due to rounding-off

The Reserve Bank of India has today released the 38th half-yearly report on management of foreign exchange reserves with reference to end-March 2022. The position of foreign exchange reserves as on April 29, 2022 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 597.73 i) Foreign Currency Assets (FCA) 532.82 ii) Gold 41.60 iii) Special Drawing Rights (SDRs) 18.30 iv) Reserve Tranche Position (RTP) 5.00 *Difference, if any, is due to rounding-off. It ma

Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2022). The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars. Japan and India beli

The Reserve Bank of India has today released the 37th half-yearly report on management of foreign exchange reserves with reference to end-September 2021. The position of foreign exchange reserves as on October 15, 2021 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 641.01 i. Foreign Currency Assets (FCA) 577.95 ii. Gold 38.58 iii. Special Drawing Rights (SDRs) 19.25 iv. Reserve Tranche Position (RTP) 5.23 * Difference, if any, is due to rounding-off

International Monetary Fund (IMF) has made an allocation of Special Drawing Rights (SDR) 12.57 billion (equivalent to around USD 17.86 billion at the latest exchange rate) to India on August 23, 2021. The total SDR holdings of India now stands at SDR 13.66 billion (equivalent to around USD 19.41 billion at the latest exchange rate) as on August 23, 2021. This increase in SDR holdings will be reflected in the Foreign Exchange Reserves (FER) data that shall be published