Latest News
-
10 Bonus Shares, 1:2 & 1:5 Splits; Smallcap Steel Stock Below Rs 15, Falls 10% In 5 Days; Plans FPO Ahead -
SBI, BoB, Canara: 5 PSU Bank Stocks To Buy, Motilal Top Picks; 1 To Split In 5 Shares For First Time Soon -
Highest Dividend In 2023 In History: Multibagger Refineries PSU To Mull Dividend On April 24 -
7:1 Bonus, 1:10 Split: At Rs 3.5, NBFC Penny Stock Hits Back-To-Back Lower Circuits; Big Announcement Soon -
Meta's Board Requests Public Views on AI Images of Celebrities -
Microsoft Pledges $1.5 Billion in UAE's AI Firm G42 to Boost Global Digital Infrastructure -
Yellen Cautions on Economic Fallout from Iran-Israel Tensions, Eyes More Sanctions -
ZEEL Calls Off Merger With Sony, Withdraws Application from NCLT -
CCI Nods Protos and Paharpur's Additional Stake Buy in Thyssenkrupp India -
1:1 Bonus Share: Why FMCG Stock Hit Upper Circuit Today? Shares Offer Huge Return In 2-Yrs
India's Forex Reserves Declines By $3.21 billion To $420.36 billion
Led by a decrease in foreign currency assets, India's position with the IMF and SDR value, India's foreign currency reserves declined for the week ended April 20. Gold reserves however increased.
As per the RBI's statistical supplement that is released on a weekly basis, India's forex reserves declined by $3.21 billion from $423.58 billion to $420.36 billion for the week ended April 20. The forex reserves of the country include foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI's position with the International Monetary Fund (IMF).
FCAs or foreign currency assets accounts to be the biggest forex reserves component and declined to $395.27 billion, a decrease of $3.20 billion, during the period. FCAs also comprise of other leading global currencies (20-30%) besides US dollar. Also, it comprises bonds of select governments, investments in US Treasury bonds and deposits with international commercial and central banks.
Nonetheless, during the week under review, gold reserves of the country increased to $21.51 billion, higher by $26.6 million.
Meanwhile, the country's position with the International Monetary Fund inched down by $19.7 million to $2.05 billion and SDR value also dropped to $1.52 billion.
Goodreturns.in
