For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India’s Forex Reserves Climb To New Lifetime High

By Staff
|

In the week ended 25 October, India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion, as per data released by RBI on Friday. The increase was aided by a rise in core currency assets and the value of gold.

India’s Forex Reserves Climb To New Lifetime High
 

The country's overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.

For the week under review, foreign currency assets, which are the biggest part of the reserves, rose by $1.642 billion to $410.453 billion, the data showed.

The foreign currency assets, that are expressed in US dollar terms, include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.

The value of the gold reserves was up by $191 million to $27.052 billion for the week.

The special drawing rights with the International Monetary Fund rose by $ 1 million to $1.441 billion.

The country's reserve position with the Fund fell by $2 million to $3.637 billion, the data showed.

Story first published: Saturday, November 2, 2019, 16:01 [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