The country's foreign exchange reserves rose by $954.6 million to $294.36 billion on account of gains in the value of gold reserves, the Reserve Bank said.
In the previous reporting week, the reserves had dipped by $383.7 million to $293.41 billion . After remaining unchanged for multiple weeks, the gold reserves surged by $902.3 million to $20.978 billion for the week neded February 28, the Reserve Bank said today. Foreign currency assets (FCAs), a major part of the overall reserves, increased by $33.6 million to USD 266.90 billion for the week ended February 28, RBI said. FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.
The forex reserves have been showing a steady rise also on the back of steady dollar flows from FIIs. They have net bought in the cash market of the equity segment of the stock markets for the 16th straight day.
With inputs from PTI
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
/img/2014/03/08-rupee-dollar.jpg "rupee-dollar")
Sign in with Google