New Delhi: India’s foreign exchange reserves fell by $2.164 billion to $584.248 billion for the week ending April 21, according to data released by the Reserve Bank of India (RBI) on Friday.
In the previous reporting week, the overall kitty had risen by $1.657 billion to $586.412 billion.
Incidentally in October 2021, the country’s forex reserves had reached an all-time high of $645 billion.
In the period under review, the reserves fell mainly due to foreign currency assets (FCAs) shrinking by $2.146 billion to $514.489 billion.
The reserves have been declining as the RBI has used the funds to defend the rupee amid pressures caused mainly by global developments.
The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 27, 2023.
Foreign currencies
INR values (Change)
US Dollar
81.75
UK Pound
101.91
Dirham
22.26
Saudi Riyal
21.80
Australia Dollar
54.09
Factors that affect exchange rates
Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 26, 2023.
Foreign currencies
INR values (Change)
US Dollar
81.77
UK pound
101.95
Dirham
22.27
Australia Dollar
54.04
Saudi Riyal
21.80
Factors that affect exchange rates
Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 25, 2023.
Foreign currencies
INR values (Change)
US Dollar
82.02
UK pound
101.73
Dirham
22.34
Australia Dollar
54.35
Saudi Riyal
21.87
Factors that affect exchange rates
Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
Kiev: Kyrylo Budanov, chief of the Main Intelligence Directorate of the Ukrainian Defense Ministry, has said that Ukraine is in talks with Russia over an “all-for-all” prisoner exchange, local media reported.
Speaking in an interview with RBC-Ukraine media outlet, Budanov said that the two countries “in principle are getting closer” to an agreement, envisaging the release of all captives by the two parties, Xinhua news agency reported.
Since the start of prisoner exchanges, Russia has freed more than 2,220 Ukrainian captives, he noted.
According to the Ukrainian authorities, Ukraine and Russia have carried out more than 40 prisoner swaps since the first exchange in March 2022.
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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 21, 2023.
Foreign currencies
INR values (Change)
US Dollar
82.08
UK Pond
102.06
Dirham
22.35
Australia Dollar
54.98
Saudi Riyal
21.88
Factors that affect exchange rates
Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 19, 2023.
Foreign currencies
INR values (Change)
US Dollar
82.11
UK Pond
101.91
Dirham
22.36
Australia Dollar
55.23
Saudi Riyal
21.89
Factors that affect exchange rates
Following are some of the factors that affect exchange rates.
Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 17, 2023.
Foreign currencies
INR values (Change)
US Dollar
81.95
UK Pond
101.72
Dirham
22.31
Saudi Riyal
21.85
Australia Dollar
54.99
Factors that affect exchange rates
Following are some of the factors that affect exchange rates
MS Education Academy Inflation Interest rates Flow of capital Liquidity Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.
Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
