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
Accountants, CPA, Tax Advisors - Accounting and Tax Professionals, Inc, Mukesh Makker, CPA



This is an advertisement

   Groupon Deals 
 More...
Solid Sterling Silver Cubic Zirconia Micropave Eternity Band by Mina Bloom
Solid Sterling Silver Cubic Zirconia Micropave Eternity Band by Mina Bloom - ,
Chef Buddy No-Drip Pancake Batter Dispenser with Measuring Label
Chef Buddy No-Drip Pancake Batter Dispenser with Measuring Label - ,
Bluestone Automatic Wrist Blood Pressure Monitor
Bluestone Automatic Wrist Blood Pressure Monitor - ,
Dangling Five Heart Charm Bracelet in Sterling Silver Plating
Dangling Five Heart Charm Bracelet in Sterling Silver Plating - ,
Nelly Women's Lightweight Hoodie Cardigan. Plus Sizes Available.
Nelly Women's Lightweight Hoodie Cardigan. Plus Sizes Available. - ,


Latest Showbiz News

View More News


More News Articles

Tendulkar heartbroken by Dhawan's exit, wishes Pant luck

Skipper Kohli goes the Mahi way with new haircut

Future of the world lies in hands of children: Priyanka

Fans in frenzy as Big B shoots film in Lucknow

Why Shahid doesn't like watching some of his films