San Francisco Bay Area Indian Community - SFIndian.com
| | | | | | | | | | |
 


 

India's forex reserves up $2.68 bn


Maharashtra,Business/Economy


Author : Indo Asian News Service

Business/Economy, India, Maharashtra Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

Mumbai, Jan 11 (IANS) India's foreign exchange (forex) reserves rose by $2.68 billion during the week ended January 4, official data showed on Friday.

According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves increased to $396.08 billion from $393.40 billion reported for the week ended December 28.

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, special drawing rights (SDRs) and India's position with the International Monetary Fund (IMF).

FCAs, the largest component of the forex reserves, edged higher by $2.21 billion to $370.29 billion during the week ended January 4.

Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.

The RBI's weekly data showed that the value of the country's gold reserves rose by $465.5 million to $21.68 billion.

However, the SDR value slipped by $0.1 million to $1.46 billion, while the country's reserve position with the IMF inched lower by $0.1 million to $2.63 billion.

--IANS

rv/nir

Premium Advertiser
Psychic/Spiritual Healing - Astrologer & Spiritual Healer



This is an advertisement



Latest Showbiz News

View More News


More News Articles

Russell one of the most powerful hitters I have seen: Kallis

Rahman creates India anthem for 'Avengers: Endgame'

Russell's blitzkrieg help KKR beat Sunrisers

Pant's heroics guide Delhi to 213/6 vs Mumbai

Equality must begin with headlines: Arjun Kapoor