For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Forex kitty swells by $1.46 bn to reach $283.6 bn

By Super
|
Forex kitty swells by $1.46 bn to reach $283.6 bn
Mumbai: The forex reserves jumped for the second consecutive week by adding USD 1.459 billion in the week to November 15, taking the overall reserves to a healthy USD 283.57 billion, on account higher foreign currency assets, the Reserve Bank said Friday.
 

In the week-ago period, reserves rose by USD 819.5 million to USD 282.113 billion. Foreign currency assets, which form the largest chunk of the reserves, rose 1.465 billion to USD 255.90 billion in the week under review, the RBI said.

Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves. The gold reserves stood unchanged at USD 21.227 billion in the week ended on November 15, reflecting the tepid movement in prices.

The special drawing rights fell by USD 3.9 million to USD 4.411 billion. The country's reserve position with the IMF also fell by USD 2 million to USD 2.029 billion in the week under review, RBI data showed.

PTI

Story first published: Saturday, November 23, 2013, 9:36 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more