Forex Reserves Reach New Highs of $413.825 Billion

Posted By:
Subscribe to GoodReturns

As per a PTI report in the week to January 12, the forex reserves of India touched another new high of USD 2.7 billion on the back of increase in foreign assets portfolio of the central bank as per the RBI statement bank.

Forex Reserves Reach New Highs of $413.825 Billion

After touching the peak of USD 400 billion, the forex reserves since the month of September are fluctuating. The change is due to the fluctuation in other currency vis a vis dollar currency.

On the sidelines, gold remained constant at USD 20.421 billion as per the RBI.

Read more about: rbi, forex reserves, dollar
Story first published: Saturday, January 20, 2018, 10:24 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'