Seattle Indian Community - SeattleIndian.com
| | | | | | | | | | |
 


 

India's forex reserves up $2.68 bn


Maharashtra,Business/Economy


Author : Indo Asian News Service

Business/Economy, India, Maharashtra Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

Mumbai, Jan 11 (IANS) India's foreign exchange (forex) reserves rose by $2.68 billion during the week ended January 4, official data showed on Friday.

According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves increased to $396.08 billion from $393.40 billion reported for the week ended December 28.

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, special drawing rights (SDRs) and India's position with the International Monetary Fund (IMF).

FCAs, the largest component of the forex reserves, edged higher by $2.21 billion to $370.29 billion during the week ended January 4.

Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.

The RBI's weekly data showed that the value of the country's gold reserves rose by $465.5 million to $21.68 billion.

However, the SDR value slipped by $0.1 million to $1.46 billion, while the country's reserve position with the IMF inched lower by $0.1 million to $2.63 billion.

--IANS

rv/nir

Premium Advertiser
Restaurants - Kanishka Cuisine of India



This is an advertisement

   Groupon Deals 
 More...
Over-the-Door Pantry and Bathroom Organizer with 6 Shelves
Over-the-Door Pantry and Bathroom Organizer with 6 Shelves - ,
Spa Day with Massage or Facial at Spa Theology (Up to 32% Off)
Spa Day with Massage or Facial at Spa Theology (Up to 32% Off) - ,
42.00 CTTW Cubic Zirconia Tennis Necklace
42.00 CTTW Cubic Zirconia Tennis Necklace - ,
Indoor Barbecue Grill
Indoor Barbecue Grill - ,
10 Barre Classes at Pilates-4-Virginia Beach (65% Off)
10 Barre Classes at Pilates-4-Virginia Beach (65% Off) - ,


Latest Showbiz News

View More News


More News Articles

Salman bonds with nephew Ahil, sister Arpita

Kangana to play Jayalalithaa in biopic 'Thalaivi'

Priyanka Chopra loves sexting husband Nick Jonas

David Warner in superb rhythm, raring to go: Laxman

Haven't written songs for Modi biopic: Javed Akhtar