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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia FX Reserves, USD fell to 290.4B in February 2013
FMPMonthlyReleased March 2013
India FX Reserves, USD fell to 290.4B in February 2013, released March 2013, down 0.2B from January's 290.6B reading.
Latest Release
290.400000
Actual
—
Consensus
290.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
FX Reserves, USD (India) was reported at 290.40 billion in February 2013. The reading fell from the previous value of 290.60 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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FX Reserves, USD - IN
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About FX Reserves, USD — India
DEFINITION
FX Reserves, USD is a financial indicator that measures the amount of foreign currency held by a country's central bank. It serves as a key indicator of a country's ability to meet its external obligations and maintain stability in its currency exchange rates. A higher FX reserve indicates a stronger economy and greater confidence from foreign investors, while a lower reserve may signal potential economic vulnerabilities. This indicator is closely monitored by financial analysts and investors as it provides valuable insights into a country's economic health and potential risks.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 290.4 B. Prior reading (Mar 2013): 290.6 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.