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India Official Foreign Reserves fell to 294.76B in March 2013, released April 2013, down 0.49B from February's 295.25B reading.
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).
| 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.
Official Foreign Reserves (India) was reported at 294.76 billion in April 2013. The reading fell from the previous value of 295.25 billion.
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
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.
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.
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.
Latest reading (Apr 2013): actual 294.8 B. Prior reading (Apr 2013): 295.3 B.
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.
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