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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Official Foreign Reserves fell to 294.76B in March 2013
FMPMonthlyReleased April 2013
India Official Foreign Reserves fell to 294.76B in March 2013, released April 2013, down 0.49B from February's 295.25B reading.
Latest Release
294.760000
Actual
—
Consensus
295.250000
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
Official Foreign Reserves (India) was reported at 294.76 billion in April 2013. The reading fell from the previous value of 295.25 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 April 2013.
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Official Foreign Reserves - IN
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About Official Foreign Reserves — India
DEFINITION
Official Foreign Reserves is a financial indicator that measures the amount of foreign currency and other assets held by a country's central bank. These reserves are used to support the stability of a country's currency and economy, as well as to fulfill international payment obligations. They serve as a safeguard against external shocks and can be used to intervene in the foreign exchange market. Official Foreign Reserves are an important measure of a country's economic strength and ability to manage potential risks in the global market.
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 (Apr 2013): actual 294.8 B. Prior reading (Apr 2013): 295.3 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.